Tag: electricity

Mozambique: African Development Bank Group approves $36 million grant for power scheme

…that includes refugees and internally displaced persons UN workers deliver relief items to internally displaced people in Corrane Site in Nampula Province. The Board of Directors of the African Development Bank Group has approved a grant of $36 million to support a power scheme in Mozambique that also covers displaced persons and refugees. The Mozambique Energy for All Project will increase the number of residential connections to the electricity grid, enhance power exports and improve domestic and regional supply quality. […]

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South Africa: African Development Bank approves $57.67 million loan to Eskom to boost electricity generation from renewable sources

The Board of Directors of the African Development Bank has approved a $57.67 million loan to Eskom Holdings SOC Ltd, South Africa’s public electricity utility—and Africa’s largest— to harness battery storage technology that will increase electricity generation from reliable and efficient renewable energy sources.  The Bank’s financing, a concessional loan, will come from the Clean Technology Fund, a multi-donor trust fund under the Climate Investment Funds. The pioneering Battery Energy Storage Systems Project is being co-financed with the World Bank […]

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