- $60mn IDB deal backs 225 kV northern transmission loop
- Project aims to stabilise power for homes, industry
BAMAKO, MALI – Mali has signed a 36.07 billion CFA franc ($60 million) financing agreement to build a major electricity transmission project, a move authorities hope will strengthen energy reliability and support economic growth.
The funding, secured from the Islamic Development Bank (IDB), will finance the construction of the 225 kilovolt northern transmission loop, a key piece of infrastructure intended to stabilise Mali’s fragile power grid and reduce outages affecting households and businesses.
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