ADFD formalizes 33 million USD in RE loans for Togo, Niger and Liberia

Abu Dhabi Fund for Development (ADFD), formalized three loan agreements valued at 33 million USD (AED121 million) with the Governments of Togo, Niger and Liberia. The capital is to be channelled into three renewable energy projects in the West African nations within the framework of the IRENA/ADFD project facility. Amount of 10 million USD (AED37 million) has been allocated for the 2.1 MW solar rural electrification project that will benefit 100 villages in Niger, an allocation of 8 million USD (AED29 million) has been made to finance the 2.1 MW River Gee mini-hydro project in Liberia, while 15 million USD (AED55 million) has been earmarked for the 30 MW Blitta solar PV project in Togo. These renewable energy ventures will benefit more than 750,000 households along with facilitating long-term economic growth, creation of job opportunities, enhancing climate resilience etc.

 

Source : https://bit.ly/2RuTAuM


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