AfDB lends Morocco 110 mln euros for power upgrades

RABAT Dec 3 (Reuters) - The African Development Bank (AfDB) approved a loan worth 110 million euros ($166.2 million) to help Morocco expand its electricity network, the bank said on Thursday.

The loan for Morocco's National Electricity Office (ONE) will improve services in areas suffering sudden drops in voltage and help ferry power reliably from power stations to industrial clients and new towns, the bank said in a statement. (Reporting by Tom Pfeiffer; Editing by Andrew Hay) ((maghreb.newsroom@thomsonreuters.com; tel: +212 5 3772 6518; fax: +2129))

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