The African Development Bank’s Board of Directors today approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile. The project is expected to lower electricity costs for businesses and residences, as well as reducing greenhouse […]
Guinea: AfDB supports rural electrication with over €760,000
The African Development Bank (AfDB) has just awarded a grant of nearly €762,000 to Guinea. The amount, granted through the AfDB Sustainable Energy Fund for Africa (SEFA), will support the Guinean Rural Electrification Agency sett up solar off-grid projects for the country’s villages. According to the bank, funds will be used, among others, to finance […]
AFDB to provide underserved communities in Nigeria with sustainable energy solutions
The African Development Bank and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal […]
ZAMBIA: AfDB and FVC finance rural electrification by renewable energy sources
The African Development Bank (AfDB) and the Green Climate Fund (GCCF) have signed a US$ 154 million financing agreement. The project is aimed at electrifying rural areas through renewable energy sources (RES) in Zambia. It is an alliance that promises to boost rural electrification in Zambia. The partnership is made up of the African Development […]