OPEC Fund Supports Niger’s Solar Energy Development
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The OPEC Fund for International Development (the OPEC Fund) is providing a US$25 million loan in support of the Niger Solar Plant Development and Electricity Access Improvement Project (RANAA), which will scale up electrification and access to renewable energy in the country. The OPEC Fund is joining forces with the African Development Bank, Power Africa, the Green Climate Fund and the Government of Niger for a total financing of US$167 million.
OPEC Fund Director-General Dr. Abdulhamid Alkhalifa signed the loan agreement in Niger today with Minister of Finance Ahmat Jidoud and said:
“Our support will help Niger increase access to affordable and clean energy and improve the overall capacity of the electricity network, making a real difference in people’s lives. The OPEC Fund is committed to addressing the twin challenges of energy access and climate action and helping ensure that no one is left behind.”OPEC Fund Director-General Dr. Abdulhamid Alkhalifa
See related article: OPEC Fund Contributes US$1.5 Billion for Sustainable Development in 2022, Launches Food Security and Climate Action Plans
RANAA will support the development of the energy sector through the construction of three solar plants in the Maradi, Dosso and Diffa regions. With a total generation capacity of 40 MW, they will benefit over 750,000 people living in the project area. The project also includes the extension of 2,600 km new transmission lines connecting cities in Niger’s south and in the capital Niamey. The OPEC Fund’s loan will finance the construction and grid integration of the 10 MW Dosso solar plant.
Only around 20 percent of the population of Niger have access to electricity; one of the lowest rates in Sub-Saharan Africa and with significant disparities between urban and rural areas and regions.
Since the start of its operations in 1976, the OPEC Fund has extended 30 public sector loans for a total amount of US$246 million to Niger, supporting agriculture, transport, education, water and health and a number of other initiatives through 33 local and regional grants.
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