The WADB grants 80 million euros in aid to Niger for energy

1 June 2011

The West African Development Bank (WADB) announced last Sunday that it was going to grant 80 million euros to Niger to finance several energy projects.

The announcement was made by the president of the institution, Christian Adovelande, at an economic forum at Lomé, reports the Xinhua press agency.

In particular, he mentioned the works on construction of the hydro-electric dam at Kandadji on the river Niger.

"The WADB is already getting involved in projects to improve the area around Kandadji as part of rural development, over about 500 hectares. A second tranche of 2,000 hectares is also planned", he said.

This aid will help to resolve the problem of the electricity shortages which are crippling the country.

Niger is paralyzed by long power cuts, which are disrupting economic activity. Niger is dependent on Nigeria for electricity, where 80 percent of generation comes from, reports Radio France International.
 

Category: Energy