The African Development Bank Group, Eritrea sign agreement for 12 MW mini-grid project
Eritrea, March 14 -- The African Development Bank Group and Eritrea have signed an agreement for $19.5 million in grant funding for the Desert to Power Eritrea 12MW Mini Grid Project.Eritrea's Minister of Finance and National Development, who is also the Bank Group Governor for the country, Dr. Ghiorghish Teklemichae, signed on behalf of the government during a 10 March signing ceremony. The Bank Group's Deputy Director General for East Africa, Dr. Leandre Bassole, represented the institution.The financing, to be sourced from the Bank Group's Transitional Support Facility (TSF), will support the rollout of mini-grids that will generate 12MW of electricity across the regions of Teseney (6MW), Kerekebet (3MW), and Barentu (3MW).The project wi...
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