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Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers

Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers
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Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers

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The African Development Bank’s (www.AfDB.org) Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa [SEFA (https://bit.ly/3r9hP1s)] and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa.
SEFA’s contribution will comprise a package of $10 million in equity and a $5 million reimbursable grant. CTF, part of the Climate Investment Funds (CIF), will provide $10 million in equity. The combined contribution of $20 million from SEFA and CTF will go to capitalize AREF II’s catalytic tranche. The reimbursable grant is earmarked for AREF II’s project support facility. The CTF contribution was approved by the CTF Trust Fund Committee on July 2020 under its Dedicated Private Sect ....

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African Development Bank Group (AfDB) / Press release | Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers

Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers
SEFA’s contribution will comprise a package of $10 million in equity and a $5 million reimbursable grant
ABIDJAN, Ivory Coast, December 21, 2020/APO Group/
The African Development Bank’s (www.AfDB.org) Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa [SEFA (https://bit.ly/3r9hP1s)] and $10 million from the Clean Technology Fund (CTF) to advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa.
SEFA’s contribution will comprise a package of $10 million in equity and a $5 million reimbursable grant. CTF, part of the Climate Investment Funds (CIF), will provide $10 million in equity. The combined contribution of $20 million from SEFA and CTF will go to capitalize AREF II’s catalytic tranche. The re ....

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