Rwanda, World Bank agree to increase electricity access through off grid renewable energy
Businessam Staff
July 17, 2017
Rwanda has signed a $50 million Scaling-Up Energy Renewable Program (SREP) financing agreement with World Bank in an effort to increase the country’s electricity access through off grid renewable energy. According to Africa Business Communities’ report, Claver Gatete, Rwanda’s Minister of Finance and Economic Planning, and Yasser El Gammal, World Bank Country Manager for Rwanda signed […]
AfDB set to fund construction of 32 megawatts solar power plant in Chad
Businessam StaffJuly 12, 2017
The African Development Bank (AfDB)is set to fund the construction of a 32 megawatts solar plant to be constructed in N’Djamena, the Chadian capital. In addition to financing the 32 MW solar power plant, AfDB plans to support other projects such as the electrical interconnection project between Chad and Cameroon, and the rehabilitation of the […]
Morocco secures $25 million Clean Technology Fund loan for hybrid solar project
Businessam StaffJuly 4, 2017
Morocco has received approval for a $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF), according to African Business Communities. The loan is meant for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution. The Midelt Phase I Concentrated Solar Power Project […]
UN discovers untapped 93,950MW energy sources in Nigeria
Businessam StaffJuly 1, 2017
The United Nation Economic Commission for Africa (ECA) on Friday urged Nigeria Federal Government to explore renewable energy by utilising the country’s untapped energy sources, estimated at 93,950MW, according to NAN. Bakary Dosso, the ECA Chief Sub-Regional officer, Data Centre, made the appeal at the launch of the ECA Country Profile 2016 Report for Nigeria […]
With innovative approaches to solar energy, Nigeria can outshine the world
Businessam StaffJune 11, 2017
The United Nations Sustainable Development Goals (SDGs) call for universal access to affordable electricity by 2030. While Morocco and South Africa approach this goal, in Nigeria, home to nearly 20 percent of Africans, households and businesses spend around $21.8 billion on generator fuel to bridge daily power cuts according to a study by German development […]