Portuguese energy company EDP will sponsor eight sustainable and renewable energy projects in five African countries with 500,000 Euros through the Access to Energy (A2E) Fund.
This funding comes with the aim to promote access to clean energy, especially in remote and underprivileged areas in Mozambique, Kenya, Tanzania, Nigeria and Malawi.
EDP had received 160 applications for funding, out of which it selected eight proposals from the 5 African countries, who will join other four countries covered last year under A2E Fund. The A2E Fund basically invests in projects across 5 areas of importance- education, health, agriculture, companies, and local communities. Its evaluation criteria focus on issues like- social impact, partnerships, sustainability and financial viability.
All projects run on sustainable rules, with a goal of improving the lives of local. Three projects are located in Kenya: KarGeno, Dadreg, and Centrum Narovinu, two projects in Malawi: aQysta and Unicef, one in Mozambique: VIDA, one in Nigeria: Don Bosco Salesians and one in Tanzania: Aga Khan Foundation.
A quick look at what each of these projects do:
It is expected that the 8 projects will benefit more than 1 million people. The projects are selected from a range of installation of solar panels to innovative irrigation system and thus benefit the regions. These projects will assist in creating jobs, providing education, access to drinking water, increasing food security, provision of medical services and much more and will have both direct and indirect benefits in the regions.
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