The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) has approved a $1 million grant to modernise Africa’s ageing hydropower fleet.
According to a statement from the AfDB, modernisation presents an opportunity to increase generation capacity at low-cost, and with relatively short lead times and minimal environmental impact.
The bank said the grant would also fund the mapping and evaluation of African hydropower facilities’ rehabilitation needs and support preparation of modernisation works for two pilot facilities to a bankable…
