EIB grants €85M for Guinea-Senegal interconnection project
The European Investment Bank (EIB) is to shortly grant a loan worth €85 million to fund a project of building an interconnection between Guinea and Senegal.
The European Investment Bank (EIB) is to shortly grant a loan worth €85 million to fund a project of building an interconnection between Guinea and Senegal.
As part of OMVG Interconnection Project, the EIB loan will be used to build 10 high/medium voltage transformer stations and 930 km of 225 kV power lines connecting the two countries, reports African Intelliegence.
The OMVG (Guinea-Bissau, Senegal, Gambia and Guinea-Conakry) Interconnection Project is already financially supported by the World Bank and is set to cost €346 million.
Source: African Intelligence
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