Energy

The funding from the African Development Fund and Korea’s Economic Development Cooperation Fund will contribute to improving the power grid in eastern Ethiopia. (Image source: African Development Bank)

The board of directors of the African Development Bank Group has approved US$104mn in financing to the Ethiopian government for the financing of a transmission project to improve power supply in the eastern part of the country 

The new utility company will be connected to Burundi’s existing transmission network operated by REGIDESO

In another story to emerge from Africa Climate Summit, which ran from 4-6 September in Nairobi, a new privately-owned and operated electricity distribution company for Burundi has been unveiled

The report explores ways to address these issues to help lower the cost of capital and support the creation of investable projects. (Image source: IEA)

According to a new report published by the International Energy Agency (IEA) and the African Development Bank (AfDB), in order to unlock a wave of clean energy spending in the continent, rapid action is required to improve access to capital and ease financing costs

150MW of rooftop solar commercial and industrial will be installed as part of the initative

Husk Power, a leading net-zero energy company serving rural Asia and Africa, has launched the Africa Sunshot initiative to rapidly scale the minigrid industry in rural sub-Saharan Africa (SSA)

More Articles …

  1. The ever-growing need for power
  2. President Ruto leads calls to capture climate action opportunities
  3. Senegalese power plants selects Wärtsilä to ensure supply reliability
  4. AMEA Power recognises East Africa renewable potential
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