Monday, August 29, 2016

East Africa: Japan Aid Includes Support for Geothermal Energy Development

Japan chooses AfDB to implement bold new infrastructure plan for Africa (News Release)

Visiting Japanese Prime Minister Shinzo Abe has announced a bold new African infrastructure plan worth US $10 billion over the next three years to be implemented by the African Development Bank (AfDB), raising the stature of the Abidjan-based financial institution in achieving Africa's development.

The infrastructure investment package announced by the Japanese Prime Minister will focus on modernizing electricity, power and urban transport systems in order to improve the connectivity of Africa.

The Japanese Prime Minister said the support package aims to increase the electricity generation capacity by 2,000 megawatts as well as increasing the geothermal power generation using Japanese technologies. The increased power generation capacity is focused to reach 3 million households by 2022.

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