The African Development Bank Group (AfDB) has approved $22m in financing for the Jiji and Mulembwe hydroelectric plant project in Burundi.
The financing is said to form a part of AfDB’s Fragile States Facility.
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A consortium comprising the World Bank, the European Investment Bank and the European Union has also funded the hydro power project.
AfDB Energy, Environment and Climate Change Department director Alex Rugamba said that AfDB was one of the first donors to get involved in the energy sector after the conflict in Burundi.
The $270m project has three components: first involves the construction of hydroelectric power stations and its associated infrastructure; second will see the provision of technical assistance; and third component supports the institutional development of the electricity sector.
AfDB’s grant amount will be employed in the first component of the Jiji and Mulembwe Hydroelectric Plant Project, which involves the construction of two hydroelectric power stations and related infrastructure including transmission lines and substations.
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By GlobalDataBoth the hydro power plants will have a combined capacity to generate 48MW of clean electricity.
The electricity generated by the plants will fill the energy gap.
"The production of additional electricity will help diversify the economy by stimulating the private sector and promoting job creation," added Rugamba.
