AfDB Approves New Program to Help African Countries Turn Energy Promises into Power for Millions
Cote Dlvoire, Feb. 2 -- The Board of Directors of the African Development Bank (AfDB) has approved a new USD 3.9 million, two-year technical assistance project to support African countries in the implementation of their National Energy Compacts into action under Mission 300, the AfDB-World Bank initiative to connect 300 million Africans to electricity by 2030.Energy Compacts are national plans in which governments set out how they will expand electricity access, strengthen their power sectors, and attract investment. Over the past year, dozens of African countries have launched these compacts, backed by strong political commitments and pledges from development partners.The new project, known as AESTAP Mission 300 Phase II, will provide dire...
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