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.
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