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The Export-Import Bank of India has extended a US$ 82 million line of credit to the Democratic Republic of Congo to finance the completion of its 64 MW Ketende hydropower project.
The agreement, signed at DRC's embassy in New Delhi, is the second such Exim Bank loan for Ketende (also spelled Katende). The bank previously agreed to provide $168 million for the project in July 2011, in addition to a $42 million line of credit for the 9.3 MW Kakobola plant in October 2010.
Ketende will be located in DRC's Western Kasai province.
News date: 07/07/2014