Zambia gets R900m for power

INDIA has approved a total of over R900million in credit for Zambia, part of it to finance a key power project, Finance Minister Situmbeko Musokotwane said yesterday .

INDIA has approved a total of over R900million in credit for Zambia, part of it to finance a key power project, Finance Minister Situmbeko Musokotwane said yesterday .

India's Export and Import Bank signed an agreement with Zambia for a R360million loan to help the country develop the 120 Megawatt Itezhi-tezhi hydroelectric project, estimated to cost R1,7billion. - Reuters

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