Loans & Grants
27/11/2014 - The Board of Directors of the African Development Bank (AfDB) has recently agreed to revise the financing plan for the ongoing Suez Thermal Power Plant Project. The move will allow the Government of Egypt to leverage Bank financing to cover part of the local costs of constructing a 650 MW steam cycle power plant at a site located in the vicinity of Suez city, approximately 150 kilometres east of Cairo.
26/11/2014 - La République tunisienne recevra 30,458 millions d’Euros pour l’extension de la première phase du projet de développement agricole intégré (PDAI) de Gabès, suite à l’approbation faite par les administrateurs du Groupe de la Banque africaine de développement (BAD), mercredi 26 Novembre 2014, à Abidjan. Ce montant sera financé grâce à un prêt BAD de 20,652 millions d’Euros, une contribution du Gouvernement tunisien de 7,285 millions d’Euros et 2,521 millions d’Euros par la Banque Tunisienne de Solidarité. La durée de mise en œuvre du Projet sera de 5 ans.
21/08/2014 - The Sustainable Energy Fund for Africa (SEFA) approved a US $950,000 grant for the development of the WINDIGA 20 MW Solar PV power plant in Burkina Faso. The SEFA project preparation grant will support outstanding advisory activities required for financial close, including support for the structuring of the Power Purchase Agreement (PPA) for a period of 25 years with SONABEL, the national public utility.
13/08/2014 - The Sustainable Energy Fund for Africa (SEFA) approved on 11th of August in Tunis a US$530,000 grant to Mali as co-funding for a project to promote renewable energy in the country (PAPERM project). The overall objective of the grant is to strengthen the enabling environment for catalyzing renewable energy investments from the private sector.
31/07/2014 - The African Water Facility has offered a €1.2 million grant to the Kisumu Water and Sewage Company (KIWASCO) to support an innovative project that will provide sanitation services for residents in the Manyatta settlement in Kisumu, Kenya, while creating business through the sale of fertilizers, biogas and energy as by-product of sanitation collection.
07/07/2014 - The Board of Directors of the African Development Bank (AfDB) Group approved on June 26 a 7-year, non-sovereign guarantee, USD 75 million corporate loan to the Entreprise Tunisienne d’Activités Pétrolières (ETAP), the Tunisian state-owned oil and gas exploration and production company, to finance part of the South Tunisian Gas Project (STGP)/ Nawara project.
30/06/2014 - The Board of the African Development Bank (AfDB) approved on June 27th the creation and management of a pilot Africa Climate Technology Finance Center and Network (ACTFCN) for a three-year period to support the deployment and scaling-up of both climate change mitigation and adaptation technologies.
Categories: Climate Change, Energy & Power, Environment, Private Sector, Information & Communication Technology, Water Supply & Sanitation, Agriculture & Agro-industries, Global Environment Facility (GEF), Sustainable Energy for All (SE4ALL), Sustainable Energy Fund for Africa, Board of Directors
25/06/2014 - The Board of Directors of the African Development Bank (AfDB) approved on 25 June, 2014 a US$ 116.7 million loan to the Mauritius Central Electricity Board (CEB), the state owned electricity utility, for the redevelopment of the Saint Louis Power Plant. The Saint Louis Power Plant Redevelopment Project, which has a total cost of US$ 129.7 million, aims to increase the firm generating capacity of the CEB so as to maintain reliability of supply, reduce environmental impacts and stabilize the electricity supply.
25/06/2014 - On 23 June 2014, The Board of Directors of the African Development Bank (AfDB) approved a senior loan of USD 142 million, including a USD 41.5 million concessional financing from the Clean Technology Fund (CTF), to finance the construction of the 100 MW concentrated solar power (CSP) plant XiNa in South Africa. The XiNa Solar One project is the first renewable energy Independent Power Producer (IPP) and the first private sector Clean Technology Fund (CTF) that the AfDB has financed in South Africa.
23/06/2014 - The Board of Directors of the African Development Bank Group (AfDB) approved on 23 June 2014 in Tunis a US$22 million grant from its Fragile States Facility for the Jiji and Mulembwe Hydroelectric Plant Project in Burundi. Representing the largest investment in Burundi in the post-war period, the project is also one of the largest investments made in the country’s energy infrastructure since the 1980s.