Power transmission project in Senegal receives a $35.26 million Loan from India Exim Bank

Connect with us:

Image: ETENERGY WORLD

The Export Import (Exim) Bank of India has extended a $35.26 million loan for the construction of a power transmission project in Senegal.   

The bank signed a Buyer’s Credit Agreement with Senegal’s Ministry of Economy, Planning and Co-operation for the construction and installation of 225 kV overhead Transmission Line – which is being built by Mumbai-based Kalpataru Power Transmission – from Tanaff to Ziguinchor. 

According to an official statement, the funding was provided under the National Export Insurance Account (NEIA) scheme, which provides a safe mode of financing option to Indian project exporters backed by cover from the NEIA Trust.  

India Exim Bank also funded the construction of a 225kV transmission line for the Tambacounda – Kolda – Ziguinchor link in Senegal through a Buyer’s Credit facility of $200 million under the NEIA Program. The Bank has, additionally, supported a number of projects in power, water, railway and road sectors in various countries in Africa, Asia and Latin America under the NEIA scheme. 

Other Reads

Other Reads

Jasser Hammami

Jasser Hammami

More from the Author

Sign up for latest news and event info

Copyright © 2022 Energy Capital & Power. Privacy Policy · Terms of Use