Saudi Arabia grants $60mn loan to expand Mauritania’s power transmission network
Mauritania secures Saudi financing to build a key section of the “Hope Line” as part of its national plan to expand electricity transmission infrastructure inland.
| Sector | Réseaux électriques, Transport |
|---|---|
| Theme | Investissements & Transactions, Développement de projets, Financement |
The Mauritanian Ministry of Energy and Petroleum has confirmed a $60mn loan agreement signed with the Saudi Fund for Development to support a major electricity transmission project in the country’s southeast. The funding covers the construction of a 182 km high-voltage line between Aouinat Ezbel and Néma, part of the Nouakchott–Néma project, also referred to as the “Hope Line”.
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