By Dipo Olowookere
Two loans worth €235.763 million were on November 14, 2018 approved by the board of African Development Bank (AfDB) for the completion of Thwake dam on Thwake River in southern Kenya, Business Post has learnt.
The package, which was requested by Kenyan authorities, comprises two loans – €192.570 million from the Bank and €43.193 million from the Africa Growing Together Fund (AGFT).
This additional support follows a €76 million loan granted by the Bank in 2013 to start building the dam as part of the Thwake Multi-Purpose Development Programme (TMWDP), which aims to provide drinking water, hydroelectric energy and irrigation.
The dam is a strategic water supply project for the large semi-arid area of Makueni County and surrounding regions, including the new technology city of Konza.
Completion of the 80.5 metres high multi-purpose dam will enable the storage of 681 million m3 of water, of which 625 million m3 will be used for electricity production and downstream irrigation of agricultural land; 22 million m3 for upstream irrigation and 34 million for human use. Construction in the initial phase of the TMWDP project should be completed in December 2022.
This will be followed by three further phases:1) the construction of hydraulic plants to treat up to 34,600 m3 of water for household use for 674,700 rural inhabitants and up to 117,200 m3 for 640,000 residents in the technology city of Konza; 2) hydroelectric energy production; 3) 40,000 ha of irrigation.
The bank’s €3.2 billion Kenya portfolio comprises 33 operations. Water and sanitation operations account for about 22% of the portfolio’s value for the public sector.
more recommended stories
Firm Records 43% Growth in Remittances to Nigeria, Others
Leading mobile payments company, WorldRemit, has.
AppsFlyer Raises $210m to Reposition Attribution Business
A global attribution leader, AppsFlyer, has.
Trump Mulls Restricting Nigerians into US with Planned Travel Ban
By Adedapo Adesanya Nigeria is reportedly.
Meet Mikhail Mishustin, Russia’s Prime Minister
By Kester Kenn Klomegah Plucked from.
Harry, Meghan Agree to Drop Royal Highness Titles After Queen’s Blessing
By Dipo Olowookere The Queen and.
Standard Bank Sponsors UK-Africa Investment Summit
By Adedapo Adesanya Africa’s largest banking.
Green Conference Re-shapes Career Focus of Ghanaian Architecture Students
Architecture students from the Central University.
Nhaka Foundation Begins Charity at Home in Zimbabwe
By Kester Kenn Klomegah In this.