Billions approved by African Development Bank for renewable energy projects in Africa

ojukotimi
By ojukotimi December 30, 2017 10:59

Billions approved by African Development Bank for renewable energy projects in Africa

African Development Bank has approved over R4.4 billion to support Morocco and Côte d’Ivoire’s renewable energy projects. These projects are expected to boost power supply and contribute towards the economic growth of their countries.

In a statement by AfDB, more than 600 million people in the African continent do not have access to electricity which has led the group to mount up investments in energy with the aim of achieving universal access to energy in Africa by 2025.

According to AfDB, Côte d’Ivoire’s loan amount of over R800 million will increase electricity production through a 44-megawatt hydroelectric power project – Singrobo-Ahouaty Hydropower Plant, which is located in Abidjan, to be commissioned in 2021. The project is believed to link communities in the vicinity to the power grid, reduce fossil fuel dependency, and environmental pollution. Côte d’Ivoire plans to increase its share of renewable energy from 15% to 42% by 2021.

Also, the bank has committed more than R3.3 billion to Morocco to help develop two solar power plants – NOORM I and NOORM II. According to the financial provider, these solar plants will be connected to the national grid, and will make sure electricity is supplied to more than 2 million Moroccans and greatly reduce carbon dioxide.

However, South Africa’s energy mix is controlled by coal, but the government has set a target of 17,800MW of renewable energy power by 2030. The government also braces up to purchase nuclear power, an action currently causing public unrest as the civil society organisations call for proper public consultation by the Energy Department on the matter.

ojukotimi
By ojukotimi December 30, 2017 10:59
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

Your e-mail address will not be published.
Required fields are marked*