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AfDB approves millions for renewable energy

08 Nov 2022 - by -
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The African Development Bank (Af DB) has approved a grant of $2.5 million to the Mozambican government to develop renewable energy resources.The grant is set to be used to implement the Mozambique Renewable Energy Integration Programme (MREP).The funding will assist the national electricity company to provide financial support for technical, economic, environmental and social feasibility studies for the development of a solar f loating power plant in Chicamba reservoir. In addition, it will support funding for a feasibility study for Energy Battery Systems Storage in up to 10 sites, as well as capacity building and support for tender preparation.The donation will also be used to conduct studies to increase the share of variable renewable energy production.

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