• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 13, 2025
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Telecoms: What Is In The News Today?

    EPISODE 12: Telecoms: What’s in the News Today?

    Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

    Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

    Powering Up the NERC with Ramat: A Fresh Mind for an Old Problem

    Ramat Sets Sights on Modern, Technology-Driven Power Sector as Acting NERC Chairman

    Powering Up the NERC with Ramat: A Fresh Mind for an Old Problem

    President Tinubu appoints Tech-Savvy Reformer –Engr Ramat as Chairman of NERC

    Telecoms: What Is In The News Today?

    EPISODE 11: Telecoms: What’s in the News Today?

    Improved Coordination Under NSA Yields Major Breakthroughs Against Terrorists Across Nigeria

    Improved Coordination Under NSA Yields Major Breakthroughs Against Terrorists Across Nigeria

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech
    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    Why Nigeria Must Manufacture Its Own Solar Panels

    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    NASENI, PICTT Restate Commitment to Promote Female Engineering with Launch of DELT-Her 2.0

    NASENI Champions the Made-in-Nigeria Products Drive in Kebbi State

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Telecoms: What Is In The News Today?

    EPISODE 12: Telecoms: What’s in the News Today?

    Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

    Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

    Powering Up the NERC with Ramat: A Fresh Mind for an Old Problem

    Ramat Sets Sights on Modern, Technology-Driven Power Sector as Acting NERC Chairman

    Powering Up the NERC with Ramat: A Fresh Mind for an Old Problem

    President Tinubu appoints Tech-Savvy Reformer –Engr Ramat as Chairman of NERC

    Telecoms: What Is In The News Today?

    EPISODE 11: Telecoms: What’s in the News Today?

    Improved Coordination Under NSA Yields Major Breakthroughs Against Terrorists Across Nigeria

    Improved Coordination Under NSA Yields Major Breakthroughs Against Terrorists Across Nigeria

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech
    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    Why Nigeria Must Manufacture Its Own Solar Panels

    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    NASENI, PICTT Restate Commitment to Promote Female Engineering with Launch of DELT-Her 2.0

    NASENI Champions the Made-in-Nigeria Products Drive in Kebbi State

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
Daily Concord News
No Result
View All Result
Home News Africa

AfDB Approves $379.6 million To Finance 500 MW of Solar Power For The G5 Sahel Countries

Tunde Abiola by Tunde Abiola
February 18, 2022
in Africa
0
AfDB Approves $379.6 million To Finance 500 MW of Solar Power For The G5 Sahel Countries

credit: AfDB Group

0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

The African Development Bank Group (AfDB) announced today that its board has approved the Desert to Power G5 Sahel Financing Facility that will provide additional 500 MW of solar power in G5 Sahel countries — Burkina Faso, Chad, Mali, Mauritania and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility over the next seven years.

The facility is expected to result in 500 MW of additional solar generation capacity and facilitate electricity access to some 695,000 households. Over the lifespan of the project, it is expected to reduce carbon emissions by over 14.4 million tons of carbon dioxide equivalent.

The Desert to Power G5 Financing Facility aims to assist the G5 Sahel countries to adopt a low-emission power generation pathway by making use of the region’s abundant solar potential. The facility will focus on utility-scale solar generation through independent power producers and energy storage solutions. These investments will be backed by a technical assistance component to enhance implementation capacity, strengthen the enabling environment for private sector investments, and ensure gender and climate mainstreaming.

The Board of the Green Climate Fund approved $150 million in concessional resources in October 2021 for the facility, which is expected to leverage around $437 million in additional financing from other development finance institutions, commercial banks and private sector developers. The Global Center on Adaptation is providing technical assistance to strengthen adaptation and resilience measures undertaken in the facility as part of the Africa Adaptation Acceleration Program in partnership with the African Development Bank.

The African Development Bank’s Vice President for Power, Energy, Climate Change and Green Growth, Dr. Kevin Kariuki said: “The innovative blended finance approach of the Desert to Power G5 Sahel Facility will de-risk, and therefore catalyze, private sector investment in solar power generation in the region. This will lead to transformational energy generation and bridge the energy access deficit in some of Africa’s most fragile countries.”

Dr. Daniel Schroth, the Bank’s Acting Director for Renewable Energy and Energy Efficiency, added: “The facility will also support the integration of larger shares of variable renewables in the region’s power systems, notably through the deployment of innovative battery storage solutions and grid investments.”

The facility will be implemented as part of the broader Desert to Power initiative, a flagship program led by the African Development Bank. The objective is to light up and power the Sahel region by adding 10 GW of solar generation capacity and providing electricity to around 250 million people in the 11 Sahelian countries by 2030.

Previous Post

We Will Leverage On Finance Act, 2021 To Achieve Adequate Funding For Budget – FIRS

Next Post

NDLEA Intercepts Counterfeit $4.7 million Cash In Abuja

Tunde Abiola

Tunde Abiola

Next Post
NDLEA Intercepts Counterfeit $4.7 million Cash In Abuja

NDLEA Intercepts Counterfeit $4.7 million Cash In Abuja

  • Trending
  • Comments
  • Latest

NIN-SIM Linkage: A Kidnappers’ Bogeyman On The Roll?

April 5, 2024 - Updated on February 9, 2025

How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

September 6, 2019 - Updated on February 9, 2025

Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

September 25, 2019 - Updated on February 9, 2025

I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

September 25, 2019 - Updated on February 9, 2025
Nigeria

Lest We Forget: Security Issues in Nigeria from 1999 to Date!

0
ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

0
Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

0
Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

0
Telecoms: What Is In The News Today?

EPISODE 12: Telecoms: What’s in the News Today?

August 11, 2025
Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

August 11, 2025

How Ambassador Tuggar’s Diplomacy is Turning Global Engagements into Tangible Gains

August 11, 2025
Over 100 Bandits Neutralised in Zamfara’s Makakkari Forest as Military Delivers Decisive Blow

Over 100 Bandits Neutralised in Zamfara’s Makakkari Forest as Military Delivers Decisive Blow

August 10, 2025

Recent News

Telecoms: What Is In The News Today?

EPISODE 12: Telecoms: What’s in the News Today?

August 11, 2025
Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

August 11, 2025

How Ambassador Tuggar’s Diplomacy is Turning Global Engagements into Tangible Gains

August 11, 2025
Over 100 Bandits Neutralised in Zamfara’s Makakkari Forest as Military Delivers Decisive Blow

Over 100 Bandits Neutralised in Zamfara’s Makakkari Forest as Military Delivers Decisive Blow

August 10, 2025
Daily Concord News

Bringing the most intriguing News from around the world you everyone in a positive way

Follow Us

Browse by Category

  • Africa
  • Basketball
  • Business
  • Culture
  • Economy
  • Education
  • Food
  • Football
  • Foreign Affairs
  • Gaming
  • Health
  • Health
  • Interviews
  • Lifestyle
  • local
  • News
  • Nigeria
  • Opinion
  • Politics
  • Science
  • Security
  • Sports
  • Tech
  • Uncategorized
  • World

Recent News

Telecoms: What Is In The News Today?

EPISODE 12: Telecoms: What’s in the News Today?

August 11, 2025
Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

Lagos to Implement Mandatory Vehicle Inspections for E-Hailing Operators

August 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Daily Concord News - All Rights Reserved.

No Result
View All Result

© 2025 Daily Concord News - All Rights Reserved.