The African Improvement Financial institution-managed Sustainable Power Fund for Africa (SEFA) (www.AfDB.org/SEFA) has authorized a $9.72 million grant to scale up the Africa Hydropower Modernisation Programme (AHMP), a one-stop store that overhauls African hydropower programs to reinforce their reliability and adaptability.
With this new funding, AHMP will increase the modernisation of a pipeline of 12 private-sector-led initiatives in 8 nations chosen via a aggressive course of. The bodily works and preparation actions will result in an extra 570 MW of obtainable capability at an estimated $1 billion funding, together with from the personal sector. They will even scale back greenhouse fuel emissions by 1,700 kilotons of CO2 equal per 12 months. The grant was authorized on 21 November 2023.
The initiatives embody the improve of the cooling water system for Sudan’s 280 MW Roseires plant to cut back pressured outages and the substitute of electromechanical tools older than 60 years on the 7 MW Lubilanji 1 plant within the Democratic Republic of Congo.
João Duarte Cunha, African Improvement Financial institution Division Supervisor for Renewable Power and SEFA Supervisor, mentioned that “About half of Africa’s hydropower property are over 30 years outdated and ageing quick; modernising them with the newest electro-mechanical and digital applied sciences is the quickest and least expensive approach to improve clear power capability and improve system flexibility wanted to speed up power transition efforts”.
The venture totally aligns with the Financial institution’s New Deal on Power for Africa, which goals to offer common entry to power for Africans, prioritising low-carbon applied sciences that harness the continent’s hydro, photo voltaic, geothermal, and wind assets. Trendy hydropower performs a key position in Africa’s power transition by decreasing reliance on fossil fuels and anchoring bigger shares of variable renewable power sources reminiscent of photo voltaic and wind.
The African Improvement Financial institution Group established AHMP in 2021, with a $1 million grant from SEFA to extend low-cost, low-impact put in capability, improve African energy programs’ reliability and adaptability, and help hybridisation options reminiscent of floating photo voltaic PV. The programme is anchored in a partnership with the Worldwide Hydropower Affiliation (IHA) (www.Hydropower.org/), which has just lately mapped continent-wide modernisation wants and alternatives of the present hydropower fleet.
Distributed by APO Group on behalf of African Improvement Financial institution Group (AfDB).
Media contact:
Olufemi Terry
African Improvement Financial institution Group
[email protected]
Technical contact:
João Duarte Cunha
Supervisor of the Renewable Power Funds Division in control of SEFA
[email protected]
ABOUT SEFA:
SEFA is a multi-donor Particular Fund that gives catalytic finance to unlock personal sector investments in renewable power and power effectivity. SEFA gives technical help and concessional finance devices to take away market obstacles, construct a extra sturdy pipeline of initiatives, and enhance the risk-return profile of particular person investments. SEFA’s overarching purpose is to contribute to common entry to inexpensive, dependable, sustainable, and trendy power providers for all in Africa, in step with the New Deal on Power for Africa and Sustainable Improvement Aim 7.
