AfDB Finances Chad PV Plant

32 MW Solar Power Plant In Africa’s Chad Gets African Development Bank Support
03:26 PM (Beijing Time) - 14. July 2017
n_bus_PV Projects_AfDB Chad_ab 2017-07-13

Amadou Hott, AfDB’s vice president for Power, Energy, Climate Change and Green Growth, met Chadian President Idriss Deby Itno recently to discuss financing modalities of the 32 MW solar power plant planned in Chad’s capital. (Photo Credit: African Development Bank)

Key Takeaways

  • A planned 32 MW solar power plant in Chad’s capital has received support from the African Development Bank (AfDB)
  • AfDB will be funding the construction of the solar power plant
  • No details about the proposed investment were shared by AfDB in the official statement
  • AfDB will also support other projects in Chad, such as the electrical interconnection project between Chad and Cameroon, and the rehabilitation of the current National Electricity Company (SNE) plant

African Development Bank (AfDB) will support a 32 MW solar power plant planned in N’Djamena, the capital of African country Chad. The bank did not share details about the proposed investment amount, it only stated that it will be funding the construction of the plant.

Amadou Hott, AfDB’s vice president for Power, Energy, Climate Change and Green Growth, met Chadian President Idriss Deby Itno recently to discuss financing modalities of the plant. Along with financing for the PV plant, AfDB will also support other projects in Chad, such as the electrical interconnection project between Chad and Cameroon, and the rehabilitation of the current National Electricity Company (SNE) plant.

AfDB is quite active in supporting renewable energy efforts on the African continent. In April 2017, it approved $2.3 million grant for decentralized solar power systems in rural and urban Uganda (see Uganda Gets $2.3 Million From AfDB). Recently, AfDB and the World bank extended their support with $25 million for Morocco’s Midelt Phase I CSP & PV hybrid model solar power plants (see $50m Loan For Morocco’s Hybrid Solar Projects).

In a related development, AfDB along with the Islamic Development Bank signed a landmark agreement to mobilize $2 billion over the next three years to finance projects in renewable energy and other sectors.

 

Anu Bhambhani

Anu Bhambhani is the News Editor of TaiyangNews

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Anu Bhambhani