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Finance Minister Jordan reveals expenditure for remainder of 2015

Expenditure for the remainder of 2015…

Govt. to construct small hydro-power sites in Moco-Moco, Kato and Tumatumari  … As IDB says Amaila Falls Hydro project is too risky to attract the Bank’s financing

October 21, 2015 – KNEWS – Finance Minister Jordan has outlined in his 2015 half year report, how government intends to spend moneys on some critical projects for the remainder of the year.

In the energy sector, he asserted that the Government is unable to proceed with the controversial Amaila Falls Hydroelectric Project in its current form as the cost of financing this project is too high. Jordan noted that the Inter-American Development Bank, a major stakeholder in the establishment of the hydropower site, has indicated that the project is too risky to attract the Bank’s financing.

Small Hydro Projects   Continue reading

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