The Sustainable Energy Fund for Africa as approved a $1m grant for modernization of Africa’s aging hydropower fleet.
This was contained in a statement distributed by APO Group on behalf of African Development Bank Group.
The grant will fund the mapping and evaluation of African hydropower facilities’ rehabilitation needs. It will also support the preparation of modernization works for two pilot facilities to a bankable stage, a move expected to add 200MW in generation capacity, create 150 jobs and reduce greenhouse gas emissions by about 300 kilotons of…
