Ghana Procurement News Notice - 40574

Procurement News Notice

PNN 40574
Work Detail Ghana has received a multi-million dollar grant from the African Development Bank (AfDB) to be used toward several renewable energy projects. The bank said its board of directors had approved a $28.49 million grant to the West African country to construct infrastructure "that will increase its renewable energy use by 10% through 2030/ The Ghana government released its Renewable Energy Masterplan in 2019, setting a target of 2,514MW capacity by 2030. The master plan also includes reducing the countrys dependence on biomass as the main fuel for thermal energy applications, providing decentralised electrification options in 1,000 off-grid communities, and promoting local content and local participation in the renewable energy industry. The AfDB grant, announced yesterday, which will come from the Climate Investment Funds (GIF) - Scaling Up Renewable Energy Programme in Low Income Countries (SREP) - will support the construction of mini-grids, stand-alone solar PV systems and solar-based battery facilities for storing excess power, a practice known as net metering. "With the latest board approval of $28.49 million, the projects total cost of $85.18 million is in the coffers. The African Development Fund, the banks concessionary window, has provided $27.39 million, while Switzerlands State Secretariat for Economic Affairs and the government of Ghana have contributed $13.30 and $16 million, respectively," the bank said. The project consists of the design, engineering, supply, construction, installation, testing and commissioning of renewable energy systems on the island communities in the Volta Lake region. Closing the gender gap through renewable energy projects "It is expected to contribute to closing gender gaps at the outcome level by creating 2,865 equitable jobs and livelihood opportunities out of which 30% will be for women and youth. "Under its New Deal on Energy for Africa, the African Development Bank seeks to promote the reduction of greenhouse gas emissions on the continent as well as light up and power Africa as part of its High 5 priority objectives for enhancing the continents socioeconomic development," said the bank.
Country Ghana , Western Africa
Industry Energy & Power
Entry Date 29 Mar 2023

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