In Short : The Asian Development Bank approved a $200 million loan to modernize Sri Lanka’s power sector, focusing on renewable energy integration, infrastructure upgrades, and digitalization. The project includes grid-scale battery storage, expanded transmission networks, and automation systems. It also supports gender-inclusive initiatives and aims to boost renewable energy’s share to 70% by 2030. […]
African Development Bank Group approves $379.6 million Desert to Power financing facility for the G5 Sahel countries – EQ Mag Pro
The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility over the next seven years. The Desert to Power G5 […]
