A study carried out by the Canadian consultancy
SNC Lavalin International
has reported that ten East African countries require a total capital investment of $8.4bn to implement regional power generation and interconnection projects.
The report covers Burundi, Djibouti, Democratic Republic of Congo, Egypt, Ethiopia, Kenya, Rwanda, Sudan, Tanzania and Uganda.
The estimated sum comprises $6bn for capital expenditure, $1bn for interest during construction, and a $1.4bn allowance for price escalation.
The total investment required for the interconnection projects include $1.7bn up until 2013, $3.7bn over 2014-2018, $2.5bn for 2019-2023, and $0.5bn for the period between 2024 and 2028.
Jean Claude Nsengiyumva, deputy secretary general of the East African Community, said that work on the regional power plan was completed and that it will play a pivotal role in harnessing electricity generation resources in the region.
For more Investment news click