Tanzania Gains World Bank Power Aid

The World Bank is offering a USD150 million loan to support a new power transmission project in Tanzania. The money will finance the first phase of a new high voltage alternating current transmission line, International Business Times reports.

The project “will alleviate the increased demands for electricity in northern parts of Tanzania due to increased mining and other economic activities in this area,” said Pankaj Gupta, the bank’s task team leader for the project.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.