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Electricity

Mauritania: FSD grants $50 million for high-voltage power line

Monday, 07 March 2016 11:49

(Ecofin Agency) - In Mauritania, the Saudi Development Fund (FSD) will finance the laying of a high-voltage power line connecting Nouakchott to Nouadhibou. A funding agreement worth $50 million was indeed signed to this effect.

In addition to providing power to regions it goes through, the 456km-long line will also help accelerate the nation’s economic development. “The line will supply power needed by iron, gold and copper mining industries, and facilitate exploitation of natural resources that are available in our underground,” said Moctar Ould Diay, Mauritanian Minister of Economy and Finance. The laying of this line will also favor the development of clean energies such as solar and wind energy.

FSD so far, has financed 24 development projects in Mauritania.

Gwladys Johnson

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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