33.4 C
Sierra Leone
Sunday, January 29, 2023

DBSA commits US$4.9 million to 143-MW Bumbuna II hydropower in Sierra Leone

HomeAYV NewsDBSA commits US$4.9 million to 143-MW Bumbuna II hydropower in Sierra Leone

DBSA commits US$4.9 million to 143-MW Bumbuna II hydropower in Sierra Leone

Date:

Related stories

ReNIP to Hold Lower-Level Elections This Weekend

The Republic National Independent Party (ReNIP), will tomorrow 28th...

Multi-Purpose Biometric Identity Cards Set to be Launched

His Excellency President Dr Julius Maada Bio will officially...

Health Ministry Engages AYV Staff on the Need for COVID Vaccination

The Health Education Division at the Ministry of Health...

Parliament Votes Against Annulment of Public Elections Rules

Following a motion brought by the Leader of the...

 

Bumbuna II will also feed into the Cote d’Ivoire, Liberia, Sierra Leone and Guinea extension to the West African Power Pool transmission line.

“Bumbuna II is a critical energy infrastructure project for Sierra Leone which will help to reduce the country’s dependence on fossils fuels and emergency power by providing affordable baseload power for Sierra Leone,” said Mohale Rakgate, DBSA’s group executive for project preparation. “It will double the national electricity generation capacity and go a long way to ensuring that the Government of Sierra Leone achieves its objective of ensuring that at least 30% of the population has access to electricity by 2030.

“By providing development capital to the Bumbuna II project at this important time, as well as being a prospective senior lender to the project, we are helping to facilitate the bankability and ultimate success of this project. The development of the energy sector is critical to the socio-economic growth of Sierra Leone and is a key element for future planning in a country at the crossroads of major industrial investments.”

Joule Africa is a developer owner-operator of sustainable power projects across Africa. In addition to Bumbuna II, Joule Africa is developing Kpep, a 285-MW hydro project in Cameroon.

DBSA is a South African state-owned enterprise and a leading development finance institution working across the African continent. Established in 1983, its primary purpose is to promote economic and social development as well as regional integration through infrastructure investment and development.

Source:www.hydroworld.com

 

Business News

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

NPPA Releases First Quater 2023 Public Procurement Price Norm

The Board, Management and Staff of the National Public Procurement Authority (NPPA), with appropriation to the Government of Sierra Leone through the Ministry of...