World Bank Group subsidiary, the International Development Association (IDA), has approved two loans, valued at $385 million dollars for Cameroon and Chad. The funds will be used to finance an electricity interconnection project between the two Central African countries. Cameroon will receive $295 million while $90 million is slated for Chad.
The Project development objectives are to interconnect the southern and northern power systems of Cameroon, enabling electricity trade between the two nations, and increasing access to electricity in the Chad capital city of N’Djamena.