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Seychelles: Abu Dhabi fund backs energy projects

The Abu Dhabi Fund for Development (ADFD) announced on 12 March that loan agreements had been signed for two energy projects in the Seychelles. An AED31.2m ($8.5m) loan was agreed to fund a 5MW solar photovoltaic project being developed by Abu Dhabi Future Energy Company (Masdar) on the island of Romainville, while AED33m was allocated for a 33kV grid on the island of Mahé.

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