Mauritania Procurement News Notice - 35786


Procurement News Notice

PNN 35786
Work Detail Mauritanian President Mohamed Ould Ghazouani recently met Werner Hoyer, President of the European Investment Bank, to discuss cooperation with the international public bank. They agreed to strengthen cooperation to scale up wind, solar and green hydrogen investment. “Development of Mauritania’s huge renewable energy potential can both enhance access to affordable energy in our country and allow clean energy to be converted to green hydrogen. Closer cooperation with the European Investment Bank will allow Mauritania to benefit from the EIB’s unique technical experience and financial strength,” said Ghazouani. “The European Investment Bank is committed to supporting climate action and clean energy investment across Africa. [These] discussions with President Ghazouani will unlock closer cooperation between the EIB and Mauritanian partners and builds on 54 years of EIB engagement in the country. We are committed to bringing this cooperation to the next level, by harnessing Mauritania’s renewable energy potential and through our partnership with the Sahel Alliance,” said Hoyer. Jutta Urpilainen, European Commissioner for International Partnerships, explained the joint declaration means Mauritania and the European Union are strengthening their cooperation to accelerate clean energy investment, drive renewable hydrogen innovation and address global energy turmoil. “This demonstrates how the European Union’s Global Gateway, working in a Team Europe approach, can unlock investment to harness Africa’s renewable energy potential,” according to Urpilainen. Ghazouani and Hoyer also discussed support for telecom, transport and industrial investment in Mauritania, with a special focus on national and regional electrical interconnectionand investment priorities across the Sahel and the EIB’s new dedicated development finance branch, EIB Global, launched in January this year.
Country Mauritania , Western Africa
Industry Energy & Power
Entry Date 29 Jun 2022
Source https://www.esi-africa.com/mauritania-to-cooperate-with-eib-to-scale-up-green-technology-investment/

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