From Star Africa

The Sustainable Energy Fund for Africa (SEFA) approved on Thursday, 30 October 2014, a US$ 480,000 grant for technical assistance to the Government of the Union of Comoros for a project to facilitate private sector participation in developing renewable energy. The grant will be funded through the “enabling environment” window of this AfDB-administered multi-donor facility mandated to unlock investments in clean energy projects in the continent.

This SEFA technical assistance project will help improve access to reliable and cost-effective modern energy services for households, businesses and industries in Comoros. Its specific goals are to support government in; (i) developing tariff structures (feed in tariff) for small to medium renewable energy projects; (ii) developing standard contractual or legal documents (power purchase agreements/steam supply agreements) for renewable energy; and (iii) capacity building and skills enhancement programs on technical, economic, financial and legal aspects of renewable energy for the proposed Renewable Energy Unit.

“This intervention is expected to increase private sector participation in clean energy. Our long term goal is that the private sector will become an active investor and supplier of electricity in Comoros in everything from geothermal to hydro, solar and wind,” said Alex Rugamba, Director of the AfDB’s Energy, Environment and Climate Change Department.

Read more at Star Africa