Tanzania:African Development Bank, European Union, and France invest $300 million in Hydropower Project

The government of Tanzania, the African Development Bank, and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of Tanzania. The project also received a grant of EURO 36 million from the European Union.
Kakono Hydropower Project to serve four million inhabitants and spur economic activity in the Kagera Region of Tanzania.