World Bank Injects Usd 1.4 Billion Into Mega-Hydropower Project in Mozambique
Summary by Financial Afrik
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1 Articles
Mozambique has obtained World Bank support for the construction of the Mphanda Nkuwa hydroelectric power plant, a US$6.4 billion project to strengthen its position in the regional energy market. The World Bank's financial contribution is estimated at US$1.4 billion, mainly for transportation lines and guarantees and insurances needed to support the construction of the Mphanda Nkuwa hydroelectric power plant.
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