See also:
» 10.12.2009 - Cape Verde eligible for second MCC compact, Niger suspended
» 23.09.2009 - USADF signs new grants in Cape Verde and Tanzania
» 18.08.2009 - USADF signs four grants with community groups in Cape Verde
» 17.08.2009 - Russian ship found off West Africa coast
» 24.07.2009 - Cape Verde announces new measures to combat economic crisis
» 30.06.2008 - New government ushered in Cape Verde
» 27.06.2008 - More funds for Cape Verde's rural poor
» 29.05.2008 - Cape Verde to link China and Portuguese world

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Cape Verde
Economy - Development

Cape Verde eager to expand electricity transport network

afrol News, 25 May - Cape Verde is eager to use part of the expected financing from the African Development Fund (ADF) to expand the electricity transportation network.

Jose Brito, the Cape Verde Minister of Economic Affairs, spilled the beans during a meeting with the African Development Bank group Resident Representative in Senegal, Mohamed H’Midouche, a news release from ADB confirms.

Mr Brito, who heads a delegation to Senegal, said the network will be useful in the distribution of energy that will be produced by generators. He therefore asked the bank officials to move fast in processing his country’s file.

The Cape Verdean Minister expressed satisfaction with the “quality of cooperation between his country and the Bank Group.”

He said he had already met the representatives of the Dutch government who were on mission in Cape Verde concerning the construction a power plant in the country. Mr Brito added that the Dutch were detailed on background information on the signing of a contract with Caterpillar for the purchase of a generator.

However, he said since Cape Verde is still in need of major investments, the bank should not waste time to them in implementing the project, which is expected to stimulate economic development.

In his speech, Mr. H’Midouche said applauded their collaboration with Cape Verde. He also thanked the country for its participation in the bank’s just-ended annual meetings in Shanghai, China. President Pedro Pires of Cape Verde put his country on the spotlight when he catalogued its economic and political achievements during the meeting.

Mr H’Midouche presented a brochure of 30 years of ADB-Cape Verde cooperation, CD-ROM and documentary film made on the country in the run-up to the China meetings.

Cape Verdean delegation was also keen to gather information regarding a study on insularity project. But the bank official informed them that a study report of the project is being reviewed at the bank. After an approval by the bank group, the report will be sent to the Cape Verdean government in July.

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