Mali: ADFD funding for rural hybrid solar project
Issue 303
- 26 Jun 2015
| 1 minute read
The Abu Dhabi Fund for Development (ADFD) announced on 13 June the signing of a $9m loan agreement with the government of Mali towards the financing of hybrid solar/diesel mini-grids for rural villages. The project will supply electricity to 123,000 people in 30 villages and reduce the cost of electricity in a country where power is mainly generated using diesel. The project is being funded as part of the second cycle of the ADFD/Irena Project Facility, which has provided concessionary loans to six renewable energy projects totalling 21MW across the world.
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