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AfDB sustainable energy fund to support first utility The African Development Bank (AfDB ) managed Sustainable Energy Fund for Africa (Sefa) has approved a $695 500 grant to NEO I SPV, a subsidiary of independent power producer OnePower Lesotho, to support the preparation of a bankable business case for the development of the winning project of the 2016 Lesotho 20 MW solar photovoltaic (PV) tender.
bank will support the structuring of the project and lead it eshop bags louis vuitton handbags to bankability.Additionally, the bank Africa Climate Technology Centre will cover the costs for legal services and project implementation support.The project is expected to become the first utility scale solar PV project in Lesotho, with the power generated to feed into the national grid in Mafeteng province.The project will contribute to a strategic phase out of costly power imports, as the project will contribute about 13% to Lesotho maximum system demand of about 150 MW. By substituting 20 MW of costly louis vuitton monogram s-lock bracelet imported power from Mozambique, it is expected to baby louis vuitton shoes 1 sale decrease retail electricity prices in Lesotho.It will also entail louis vuitton womens shoes size 12 greenhouse gas emission substitution effects as a result of reducing imports of thermal generated power from South Africa.
This, in turn, will promote independence of power supply, achieve substantial savings in the national budget and abate regional carbon dioxide emissions.The project will further support rural development by stabilising the grid in Mafeteng province.The project is aligned with the AfDB Ten Year Strategy focusing on inclusive and green growth through the delivery of energy access, the bank Energy Policy and the New Deal on Energy for Africa.
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