• Home
  • Nation
  • Politics
  • Business & Economy
    • Education
  • Health
  • Culture & Entertainment
    • Arts & Life
  • World
    • World Business
  • Perspectives
  • Sport
New Citizen
  • Home
  • Nation
  • Politics
  • Business & Economy
    • Education
  • Health
  • Culture & Entertainment
    • Arts & Life
  • World
    • World Business
  • Perspectives
  • Sport
No Result
View All Result
  • Home
  • Nation
  • Politics
  • Business & Economy
    • Education
  • Health
  • Culture & Entertainment
    • Arts & Life
  • World
    • World Business
  • Perspectives
  • Sport
No Result
View All Result
New Citizen
No Result
View All Result
Home Business & Economy

AfDB to co-fund $900m Mauritania-Mali power line project

LUCY OGALUE by LUCY OGALUE
July 21, 2023
in Business & Economy
A A
0
Stakeholders converge for AfDB’s 2023 Annual Meetings
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The African Development Bank (AfDB) Group, has affirmed its commitment to support 900 million dollar multinational power transmission line between Mauritania and Mali, connecting 620,000 people to electricity.

The Bank, in a statement on its website, made the commitment with the partners at a roundtable in the Mauritanian capital, Nouakchott.

It said the discussions explored funding options for the project, which also entailed developing solar power stations.

It said:“AfDB has worked closely with both countries to prepare the project, and affirmed its interest in co-funding.

“The project aligns with the Bank’s Desert-to-Power initiative, which is set to become the world’s largest area of solar power generation.

“The initiative will increase solar production capacity by 100M. It will also strengthen and extend distribution networks covering nearly 1,500 km of high-voltage (225 kV) lines.”

Mauritania’s Minister of Economy and Sustainable Development, Abdessalam Saleh, said the strategic nature of the project would have a strong transformative effect on the economy.

Saleh said it would also create a connection to the Senegal River Basin Development Organisation’s grid.

“The project constitutes an essential link in the regional electricity distribution system known as the “trans-Sahel spine,” which is currently being studied.

“ It will link Mauritania to Chad, passing through three other landlocked countries; Burkina Faso, Niger and Mali.

“ The 225 kV line will connect new renewable energy parks to the sub-region’s power grid “Saleh added.

The AfDB’s Deputy Director-General for North Africa, Malinne Blomberg, said the project would turn AfDB’s policy of supporting the development of green infrastructure in Africa into a reality.

Bloomberg, which is also Country Manager for Mauritania, said it would also promote green, inclusive, sustainable growth, which would significantly improve the living conditions of people in Africa.

She said: “We firmly believe that this project will have a transformative effect on promoting both the private sector and trade and, consequently, create job opportunities.”

Daniel Schroth, AfDB’s Director for Renewable Energy and Energy Efficiency, said this regional project was a flagship for the sub-region’s energy transition.

He lauded the close cooperation between Mauritania and Mali, as well as technical and financial partners in preparing the project.

The News Agency of Nigeria (NAN) reports that AfDB has operated in Mauritania for over 50 years in various strategic development areas.

These include agriculture, governance, water and sanitation, mining, private sector, transport and social issues, with an active portfolio of more than 140 million dollars.

The Bank Group is also active in several economic sectors in Mali, namely transport, agriculture, energy, water and sanitation, finance, governance, and climate change.

Its current portfolio in the country totals about 723 million dollars.(NAN)

Previous Post

Onung returns unopposed as FTAN National President

Next Post

Gunmen invade Maku’s residence, injure 4 security personnel

Related Posts

Tinubu defends borrowing, says infrastructure investments will benefit future generations
President Bola Ahmed Tinubu
Business & Economy

Tinubu defends borrowing, says infrastructure investments will benefit future generations

October 29, 2026
JP Morgan’s growing presence signals investor confidence in Nigeria’s economy – NRS Chairman
The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, in a tete-a-tete with the Managing Director of JP Morgan Nigeria, Adedapo Olagunju, during a courtesy visit to the NRS headquarters in Abuja on Monday 
Business & Economy

JP Morgan’s growing presence signals investor confidence in Nigeria’s economy – NRS Chairman

October 27, 2026
Gargaɗi daga CBN: Riƙe kuɗin da aka tura wa mutum bisa kuskure zai iya jawo masa ɗaurin shekara biyar zuwa 10 -Hakama Sidi-Ali
Hajiya Hakama Sidi-Ali
Business & Economy

Gargaɗi daga CBN: Riƙe kuɗin da aka tura wa mutum bisa kuskure zai iya jawo masa ɗaurin shekara biyar zuwa 10 -Hakama Sidi-Ali

October 25, 2026
Tinubu urges judiciary to close loopholes exploited by criminals
Vice President Kashim Shettima
Business & Economy

Shettima urges states to end dependence on FG for electricity

October 22, 2026
NEC endorses 90-day plan to ease cost of living
Vice President Kashim Shettima chairs the virtual meeting of the National Economic Council (NEC) in Abuja on Thursday
Business & Economy

NEC endorses 90-day plan to ease cost of living

October 22, 2026
Housing Minister calls for affordable homes, resilient cities
Stakeholders at the combined commemoration of the 2026 urban october, celebrating World Habitat Day & World Cities Day at the auditorium of the Nigerian Society of Engineering, Abuja, today, October 19th, 2026
Business & Economy

Housing Minister calls for affordable homes, resilient cities

October 19, 2026
Next Post
Gunmen kidnap 9 Enugu-bound passengers, kill 2, rob others

Gunmen invade Maku’s residence, injure 4 security personnel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Court sacks David Mark-led ADC leadership, voids Atiku’s presidential primary
  • Tinubu departs Saudi Arabia for Abuja after completing Umrah
  • Photos: 8th Tozali Henna Ball and People’s Awards
  • Tinubu reaffirms commitment to Nigeria after praying inside Ka’abah
  • Tozali calls for support for survivors at 8th Henna Ball, People’s Awards

Recent Comments

No comments to show.

Recent Posts

  • Court sacks David Mark-led ADC leadership, voids Atiku’s presidential primary
  • Tinubu departs Saudi Arabia for Abuja after completing Umrah
  • Photos: 8th Tozali Henna Ball and People’s Awards
  • Tinubu reaffirms commitment to Nigeria after praying inside Ka’abah
No Result
View All Result
  • Home
  • Nation
  • Politics
  • Business & Economy
    • Education
  • Health
  • Culture & Entertainment
    • Arts & Life
  • World
    • World Business
  • Perspectives
  • Sport

© 2024 New Citizen

error: Content is protected !!