NAMIBIA
December 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) is lending Euro 35 million to the state owned Namibia Power Corporation Pty Ltd. for the construction of 400 kV power transmission lines, supplying the new Skorpion zinc mine in the south-west of the country. The power project will improve electricity supply reliability to the mine, which is the largest ongoing private sector investment in the country. The project is expected to be co-financed with the Development Bank of Southern African and the Agence Française de Développement; the EIB hopes that the plan ...
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