Ethiopia: Sustainable Energy Fund for Africa to extend $2 million for pioneering energy-agriculture mini-grid project
Ethiopia, July 29 -- The African Development Bank Group's Board of Directors has approved a $2 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support the development of two renewable power mini-grids in Ethiopia under the Distributed Renewable Energy and Agriculture Modalities (DREAM) programme.Approved on 17 July, this financing forms part of the $8 million programmatic financing envelope for DREAM approved in May 2024. It will support the Lelicho and Murche mini-grid sub-projects, developed by RVE.SOL ETH Energy Generation Solutions PLC, and will contribute up to 50% of mini-grid project capital expenditure. The programme was developed in collaboration with the Government of Ethiopia, the Global Energy Al...
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