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Sudan Gets $150 Million Loan to Build Hydro Dams, SUNA Reports

Sept. 8 (Bloomberg) -- Sudan received a $150 million loan from the Islamic Development Bank to finance the construction of the Atbara and Setet hydropower dams north of Khartoum, the state-run SUNA news agency reported.

The loan was signed on the sidelines of a meeting of Arab finance ministers in the United Arab Emirates yesterday, the Khartoum-based agency said.

The two dams will provide 200 megawatts of electricity when completed within four years, the state-run Sudanese Media Center reported on April 16. The Merowe dam, also north of Khartoum, currently supplies 80 percent of the 1,250 megawatts consumed in Sudan, according to SMC.

To contact the reporter on this story: Salma El Wardany in Khartoum via Nairobi at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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