Energy

Green Climate Fund approves $150m support for AfDB’s Desert-to-Power Initiative

The President, African Development Bank (AfDB), Dr. Akinwumi Adesina, has expressed appreciation for the Green Climate Fund’s approval of $150 million to support its Desert-to-Power Initiative.

Adesina made this known through his verified twitter handle @akinadesina.

According to Adesina, this will support efforts to expand electricity access in Nigeria and 10 other countries in Africa’s Sahel belt.

The 10 other countries are Burrkina Faso, Eritrea, Ethiopia, Mali, Mauritania, Niger, Sudan, Djibouti, Senegal and Chad.

He said the initiative would help the countries’ efforts to achieve the Sustainable Development Goals (SDDs) targets and the Paris Climate Agreement commitments.

“This initiative will provide 10 gigawatts of electricity to reach 250 million people across the Sahel region, including Northern Nigeria,” Adesina said.

The Desert-to-Power, a $20 billion flagship initiative led by the AfDB to light up and power the Sahel region, was inaugurated by the Bank in 2015.

It is aimed at supporting the development of an electricity generation capacity of 10,000mw through photovoltaic solar systems via grid and off-grid projects.

The Desert-to-Power initiative will create the world’s largest concentrated solar zone and draw lessons from successful projects already financed by the Bank, including the Noor Ouarzazate solar power project in Morocco, and the Ben Ban solar project in Egypt.

The Sahel is among the regions in the world that radiates the most sunlight. The initiative will harness this solar energy source and it is part of the AfDB’s new deal for Energy in Africa and a key pillar of the Great Green Wall initiative.

Editor

Recent Posts

Tinubu fulfils Birnin Gwari road promise — Uba Sani

Kaduna State Governor, Uba Sani, has commended President Bola Tinubu for fulfilling his campaign promise…

1 hour ago

Zenith Bank confirms cyberattack, says limited customer data compromised

Zenith Bank has confirmed that hackers breached its database, resulting in the compromise of limited…

2 hours ago

Tinubu unveils Africa’s first Renewable Energy College

President Bola Tinubu has declared that Nigeria is poised to lead Africa's renewable energy revolution…

2 hours ago

I’m CR7’s die-hard fan — Davido

Afrobeats superstar David Adeleke, popularly known as Davido, has revealed that he is a devoted…

2 hours ago

Nigeria to spend N924bn on Army, Navy, Air Force personnel’s salary

The Federal Government of Nigeria is to spend N924 billion yearly as salary bill for…

2 hours ago

Lagos govt empowers 40,000 residents with business tools to boost SMEs

Lagos State Governor Babajide Sanwo-Olu on Tuesday said his administration has empowered about 40,000 residents…

2 hours ago

This website uses cookies.