Tag: DfID

Kenya’s geothermal power producer GDC gets US$5m grant from AU for exploration

Frank

KENYA – State-owned Geothermal Development Corporation (GDC) has secured a US$5 million grant from the African Union (AU) for geothermal exploration of the Paka Geothermal Project in Baringo in Rift Valley, Kenya. The move comes after the signing of an agreement for the Geothermal Risk Mitigation Facility (), a risk mitigation facility that was set up in 2012 by the African Union Commission (AUC). According to GDC Managing Director and CEO, Jared Othieno, the funding will go towards the cost of the exploration drilling and is expected to support 40%…

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Winch Energy secures US$16m to finance 49 mini-grids in Uganda and Sierra Leone

Frank

UGANDA – Winch Energy in partnership with NEoT Off-Grid Africa, a platform set up by Electricité de France (EDF), Mitsubishi and Meridiam, has set up a financing vehicle dubbed Winch Energy Holdings (WIPP) dedicated to the financing of its green mini grid projects in Africa. The new mechanism has already mobilised US$16 million for the realisation of 49 Winch Energy mini grid projects in Uganda and Sierra Leone. The Winch Energy IPP Holdings (WIPP) mechanism was set up by Winch Energy in partnership with NEoT Off-grid Africa, a platform developed…

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DRC picks Eranove, AEE and Gridworks for off-grid solar in 3 cities

Frank

DRC – The Eranove Group, the Association of Energy Engineers (AEE) and Gridworks have been picked by the government of the Democratic Republic of Congo to work together on a project to install solar hybrid systems for the electrification of populations in the cities of Bumba, Isiro and Gemena in the Democratic Republic of Congo (DRC). The authorities of the Democratic Republic of Congo (DRC) are banking on decentralised solar systems to accelerate the electrification process in that vast country. The project is part of the DR Congolese government’s Essor…

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Acumen exits its stake in clean cooking company Kopagas following its acquisition by Circle Gas

Frank

TANZANIA – Acumen, a non-profit impact investment fund, has exited its stake in a Tanzanian-based clean cooking company KopaGas, following Circle Gas acquisition. KopaGas was founded in 2014 to bring clean cooking solutions to Tanzania, where, at the time, 96% of citizens—or 45 million people—were using dirty fuel like charcoal and wood for cooking. With its trademarked pay-as-you-go LPG technology, KopaGas made LPG affordable to low-income Tanzanian households for the first time. With funding from grantors like GSMA, the Department for International Development (DfID) and MIT D-Lab, the company developed…

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