World Bank Funds Zambia Power Project

Zambia will improve its power generation with a USD75.5 million financing from the World Bank. The funding will be used to construct smaller hydropower stations, transmission and power distribution facilities. The global lender estimated that around USD2 billion is required to address Zambia’s rising energy demand. (“World Bank, Zambia agree USD75.5 mln power deal” - Thomson Reuters, Oct. 21, 2008)

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