Author Topic: Afdb, GEF, Others In $55m Off-Grid Energy Investment  (Read 484 times)

Offline cooljoe

  • Asistance
  • Honorable
  • *****
  • Posts: 83,596
  • Country: ng
  • Gender: Male
  • Learn 4rm yesterday, live 4 2day, hope for 2morrow
  • OS:
  • Windows NT 10.0 Windows NT 10.0
  • Browser:
  • Chrome 63.0.3239.132 Chrome 63.0.3239.132
    • View Profile
Afdb, GEF, Others In $55m Off-Grid Energy Investment
« on: January 08, 2018, 06:54:34 AM »
A consortium comprising the African Development Bank Group (AfDB), Nordic Development Fund (NDF); multilateral donor trust fund, Global Environment Facility (GEF); and investors, Calvert Impact Capital (CIC), are partnering to invest $55 million into off-grid energy.

Others in the partnership are the joint development and climate finance institution of the five Nordic countries  of Denmark, Finland, Iceland, Norway, and Sweden.

Last December, the AfDB?s board approved a $30 million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF). This follows the approval of additional investments of $10 million from CIC, $8.5 million from the GEF and ?6 million from the NDF. In addition, the NDF will provide a ?0.5-million grant for technical assistance to support deal structuring and capacity development.

Advertisements


Nigerian Best Forum . NBF

Afdb, GEF, Others In $55m Off-Grid Energy Investment
« on: January 08, 2018, 06:54:34 AM »

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free


 

ads

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free