EU grants $25 M for renewables in Gambia
Gambia, Banjul: The European Union has announced it will provide a grant for the acceleration of “Gambia Renewable Energy” project implementation.
Image source: European Commission
Gambia, Banjul: The European Union has announced it will provide a grant for the acceleration of “Gambia Renewable Energy” project implementation.
The European Investment Bank (EIB) will grant $25.7 M (€24 M), as well as provide an $8.6 M (€8 M) loan to enable the electrification of several schools and health centres in rural regions of Gambia through solar energy.
“Investment in Gambia’s energy infrastructure is essential to improve economic opportunities as well as better daily lives. The EIB welcomes in particular the additional Team Europe grant support in cooperation with Gambian, international and European partners. Together, this scheme will enable the Gambia to be the first country in Africa to provide renewable energy electrification for all public school and health facilities.” said EIB Vice-President Thomas Östros.
Once operational, the project will increase the energy supply in the included areas by one-fifth. The project will also support the construction of a new PV power plant in Jambur village near Banjul.
This project is also supported by the World Bank.
Source: EC International Partnerships
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