Approvals
26/03/2013 - The African Development Bank (AfDB) Group approved, on March 25, 2013, a grant amounting to US $3.04 million to finance the Kholombidzo Hydroelectric Power Plant (HPP) Feasibility Studies in Malawi. The Government of Malawi will contribute US $0.23 million (7%) of the total study cost of US $3.27 million.
Categories: Malawi, Energy & Power, Infrastructure
22/02/2013 - The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks, as part of the country’s national Investment Plan endorsed by the CIF in 2010. The money, being provided under the CIF’s Clean Technology Fund (CTF), is designated to stimulate alternative and efficient ways to generate electricity and to reduce dependence on energy sources which contribute significantly to greenhouse gas emissions.
Categories: Nigeria, Infrastructure, Energy & Power, Environment, Climate Change, Climate Investment Funds (CIF)
06/02/2013 - The Sustainable Energy Fund for Africa (SEFA) has approved a US $1 million grant to finalize pre-investment activities for a hybrid renewable energy project in Nosy Be Island in Madagascar. The grant will be used to finance: (i) feasibility studies for a combination of hydro, wind and solar technologies; (ii) technical assistance to the national power utility; (iii) the transactions advisory for a Public Private Partnership. Through this intervention, the African Development Bank (AfDB) will play a catalytic role and pave the way for private investors and other financiers to work towards delivering a sustainable energy solution with huge socio-economic impacts on the island.
Categories: Madagascar, Energy & Power, Sustainable Energy Fund for Africa
05/02/2013 - La BAD a alloué en janvier dernier à l’Union des Comores un don de 2 millions d’Unités de compte, soit environ 3 millions de dollars pour appuyer les réformes dans le secteur de l’énergie et de la gouvernance financière (PARSEGF).
Categories: Comoros, Human and Social Development, Economic & Financial Governance, Energy & Power
20/12/2012 - The Board of Directors of the African Development Bank (AfDB) has approved a senior loan of USD 50 million for the expansion of the Azito power plant in Côte d'Ivoire. This facility aims to finance the third phase of the project which consists of converting the existing 288 MW simple-cycle power plant to a combined-cycle power plant, thereby increasing the total generation capacity to 430 MW.
Categories: Côte d’Ivoire, Energy & Power, Infrastructure
20/12/2012 - The Board of Directors of the African Development Bank (AfDB) granted, on December 19th 2012, a loan in the amount of USD 3 million to Comoros to support the energy sector reforms, particularly, the electricity sub-sector and financial governance.
Categories: Comoros, Energy & Power, Infrastructure, Economic & Financial Governance
23/11/2012 - The Board of Directors approved, on 26 September 2012, the revised Bank Group Energy Sector Policy. This policy supersedes the 1994 Bank Group Energy Sector Policy and the 1985 Framework for Public Utility Tariff Policy previously applied to Electric Power, Telecommunications, Water Supply and Sanitation operations. It is the product of broad based and transparent consultations internally within the Bank Group and externally with key stakeholders including the regional member countries (RMCs), regional economic communities (RECs), the private sector, development partners and the civil society.
Categories: Energy & Power
20/09/2012 - The Board of the African Development Fund approved on Thursday, September 20, US $348 million in funding for a US $1.26-billion electricity highway project between Kenya and Ethiopia.
Categories: Kenya, Ethiopia, Energy & Power
27/08/2012 - The Sustainable Energy Fund for Africa (SEFA), a joint initiative of the Danish government and the Energy, Environment and Climate Change Department (ONEC) of the African Development Bank (AfDB), approved on August 17 its first grant of USD 825,000 to finance the concept phase of the Green Tech Financial Facility – a vehicle for investments in private-sector driven green technology projects – including market scoping and positioning studies, fund conceptualization and fund manager selection.
Categories: Energy & Power, Private Sector Development, Sustainable Energy Fund for Africa, Climate Change, Environment
20/07/2012 - The Board of Directors of the African Development Bank (AfDB) Group, through its private sector window, approved on 18 July 2012 in Tunis, a senior loan of €57.5 million to the Coder Hydropower Project for the design, construction and operation of two run-of-river hydro projects in Ngounie Province and North Gabon. The project consists of two run-of-river hydroelectric power plants, a 70 MW plant in the Ngounie Province and a 52MW plant in north Gabon.
Categories: Gabon, Energy & Power
