Uganda: Regional Power Connection to Cost $1b
July 12, 2007 - Ibrahim Kasita - allafrica.com
Power transmission interconnection for East Africa
will cost about $1,083.2m (sh1,776b), Mac Cosgrove-Davies,
the World Bank's senior energy specialist, has said.
The project aims at enabling Uganda, Kenya, Tanzania,
Rwanda, Burundi, Eritrea and Ethiopia share power
in case one of the countries has a power shortage.
"Four building blocks form the East African Power
Pool. Lake Victoria Transmission Ring, Zambia-Tanzania-Kenya
Interconnector, Ethiopia-Kenya Interconnector and
Regional Rusumo Falls Hydro-electric and Multipurpose
Project with the backbone transmission network between
the East African Community in Tanzania, Rwanda and
Burundi," Cosgrove-Davies said while presenting a
paper at a workshop at the Imperial Resort Beach Hotel,
"The financing source of such projects will include
multilateral development banks, other development
finance institutions, commercial banks, self-financing,
governments, private investors and supply credit,"
Cosgrove-Davies said the World Bank is financing
a number of regional power initiatives.