AFDB donates 12 million euro to finance energy transition in São Tomé and Principle

The ETISP has an overall cost of around 13 million euros of which 550,462 euros has been financed by the Santomean government

The concessional financing window of the African Development Bank Group has approved, a donation of 12.46 million euros to finance the Energy Transition and Institutional Support Program (ETISP) in São Tomé and Príncipe. The objective of the program is to help the authorities of the archipelago to promote green growth and the sustainable development of the electrical network of São Tomé and Príncipe, and to strengthen the management of public finances and the local business climate. The program is based on three components: directing the energy transition towards renewable energies, providing institutional support while strengthening financial governance and the business climate, and supporting the government in the implementation of the program and capacity building institutional.

Source : https://bit.ly/2Kb1xkg