AfDB supports Gabon renewable energy sector with €57m loan
LIBREVILLE, Gabon, July 20, 2012/African Press Organization (APO)/ – The Board of Directors of the African Development Bank (AfDB) Group (http://www.afdb.org), through its private sector window, approved on 18 July 2012 in Tunis, a senior loan of €57.5 million to the Coder Hydropower Project for the design, construction and operation of two run-of-river hydro projects in Ngounie Province and North Gabon. The project consists of two run-of-river hydroelectric power plants, a 70 MW plant in the Ngounie Province and a 52MW plant in north Gabon.
Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/african-development-bank.jpg
Despite a high electricity access rate of up to 83 percent, the Gabon electricity sector still faces frequent electricity shortages and blackou...