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African Development Bank SEFA Offers $ 1 Million to Support Botswana’s Energy Transition


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The African Development Bank (www.AfDB.org) runs the African Sustainable Energy Fund (SEFA) (bit.ly/3JQ7ilg), a $ 1 million grant to facilitate the transition to clean energy in Botswana. Approved. The Technical Assistance Project is helping the Government of Botswana close the significant gaps in the policies, regulations and legal frameworks identified in the African energy market.bit.ly/3pZmVyD) (AEMP 2019). These include implementing minimum cost plans, reducing negative impacts on the environment, and helping increase private sector participation in investment in renewable energy (RE) power generation.

Some of the notable achievements from the project include the National Grid Code, the Power Service Cost Survey (CoSS), and the licensing framework for regulating activities in the power sector. The output from the project will contribute to the implementation of Botswana’s first Integrated Resource Plan (IRP), facilitating investment in new solar and wind capacity, reaching at least 100 MW and 50 MW, respectively, by 2030. Further development of the renewable energy generation sector in Botswana, this project will also contribute to the Megasolar Initiative, which was launched in 2021 in collaboration with Namibia and development partners, building renewable energy capacities in both countries and regional areas. the remaining parts.

Conceptualized under SEFA’s Green Base Road Component, the project “contributes to the development of building blocks essential to support the energy transition in Botswana,” said the African Development Bank’s Director of Renewable Energy and Energy Efficiency. Deputy Dr. Daniel Schloss said. Duncan Morotsi, Chief Operating Officer of the Botswana Energy Regulatory Authority (BERA), said: (IPP), a price that reflects Botswana’s renewable energy sources and costs. It was worth pursuing this technical assistance from AfDB. “

Distributed by the APO Group on behalf of the African Development Bank Group (AfDB).

contact address:
Orphemitery
Communication / External Relations Department
African Development Bank
Email: [email protected]

Technician:
Rhoda MSHANA
Chief Power Sector Regulatory Specialist
[email protected]

About the African Development Bank Group:
The African Development Bank Group is Africa’s leading development finance institution. It consists of three different organizations: the African Development Bank (AfDB), the African Development Bank (ADF) and the Nigerian Trust Fund (NTF). With offices in 41 African countries with representative offices in Japan, the Bank contributes to the economic and social progress of 54 regional member countries. For more information: www.AfDB.org

About SEFA:
SEFA contributes to providing affordable, reliable, sustainable and up-to-date access to energy services for all in Africa, in line with the World Bank’s new trading strategy for energy in Africa. It is a multi-donor special fund aimed at unleashing private sector investment. Sustainable development goals 7.

African Development Bank SEFA Offers $ 1 Million to Support Botswana’s Energy Transition

Source link African Development Bank SEFA Offers $ 1 Million to Support Botswana’s Energy Transition

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