Exim Bank of India injects over CFA3.5 billion in electrification project in Togo

Investments
lundi, 08 mars 2021 14:21
Exim Bank of India injects over CFA3.5 billion in electrification project in Togo

(Togo First) - Exim Bank of India injected $6.5 million (+3.5 billion FCFA) in a project to build Medium and low Voltage networks, aimed at boosting power supply in major Togolese cities. 

The financing is a credit line the government of Togo secured from the Asian lender. The project concerned will cover six localities, namely Aného, Kpalimé, Atakpamé, Sokodé, Kara, and Dapaong.

The contract will be executed by Indian Laser Power & Infra Private Limited, reportedly one of the pioneers of the cable industry in India. The firm won the contract in a bidding process where it competed against 11 others. 

Séna Akoda

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