India has offered Burundi US$ 80 million to enable the African country finance its 20 MW hydroelectric dam project in the northwestern outskirts of the capital, Bujumbura, according to the Burundian President Pierre Nkurunziza.
Nkurunziza, speaking Thursday on arrival from the India-Africa summit that ended Wednesday in Addis Ababa, Ethiopia, said Burundi and India had signed an agreement for the project.
According to Nkurunziza, the Indian government had approved all the project proposals submitted by the Burundi delegation as part of a bilateral cooperation between both countries.
Cooperation between Burundi and India is more pronounced in the field of medicine and low-cost modern sanitation facilities.
The third India-Africa summit will take place in New Delhi, the Indian capital, in 2014.
The first summit was held 4-8 April, 2008, in New Delhi