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Moving forward back: Worldbank and AFD invest another $600m(!) in old, centralized power technology

International investors are investing another high amount in outdated centralised power technology – and obviate thereby that Africa gets access to power technology of 21th century:

Tanzania received $465 million from the World Bank for its power interconnector project with Zambia, while Kenya signed a $179 million loan with French development agency Agence Francaise de Developpement (AFD), breathing new life into the region’s power pool projects which, once complete, will link more than 10 countries.

Source: The East African

 

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