World Bank funds African Hydropower project

By Sarah Ann McCay08 August 2013

World Bank

World Bank

The World Bank has announced it is to provide US$ 340 million in funding for East Africa’s Regional Rusumo Falls Hydroelectric Project, which will provide power to Burundi, Rwanda and Tanzania.

The Regional Rusumo Falls Hydroelectric Project is located 97 km west of Lake Victoria, Africa’s largest lake by area, which borders Tanzania.

The overall project cost is US$ 468.60 million. Once operational, the plant will have a 80 MW generation capacity, which will boost reliable power supply to the electricity grids of Burundi, Rwanda and Tanzania, reduce electricity costs, promote renewable power, and spur job-led economic development.

The funding is the first to be approved under the World Bank Group Great Lakes Regional Initiative, launched in May 2013.

Latest News
LGMG restructures N.A. operations
LGMG to relocate N.A. headquarters, build $140 million manufacturing facility in Mexico for access equipment 
New Effer loader cranes
Three new Effer cranes broaden the heavy crane range and offer advantages for end users
New Ferrari loader cranes
F.lli Ferrari adds to hydraulic loader crane range with new 6000 series models