Abu Dhabi Fund for Development, ADFD, has signed a loan agreement with the government of Sierra Leone, by which the fund will provide more than Dh33 million in financing to the Solar Park Freetown project.
Mohammad Saif Al Suwaidi, Director General of ADFD, and Dr. Kaifala Marah, Minister of Finance and Economic Planning in Sierra Leone, signed the agreement. The loan will establish a solar power plant in the city of Freetown which will generate 6 megawatts (MW) of clean, renewable electricity.
The project will encourage a partnership between the public and private sectors in the renewable energy field, providing job opportunities in construction, operations and maintenance works.
Mohammad Saif Al Suwaidi, Director-General of ADFD, commented, “We aim to help communities in developing countries achieve the highest levels of progress. We hope to be a partner and strong contributor to achieving sustainable development through offering concessional loans and administering government grants to finance development projects that affect vital sectors including renewable energy, an important pillar to achieving sustainable development.
worldwatch@nodo50.org
worldwatch@nodo50.org