AfDB’s CIF gives go-ahead for revised CSP plan for some African countries

7th May 2013

By: Idéle Esterhuizen

  

Font size: - +

The African Development Bank’s (AfDB’s) $7.6-billion Climate Investment Fund (CIF) on Tuesday permitted Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan to create an unparalleled 1 120 MW of energy from concentrated solar power (CSP) for the region.

The AfDB stated that the plan was first endorsed by the CIF in 2009 and had undergone changes by each country post the Arab Spring changes by each country to reflect the political and economic conditions in the region and to build on emerging lessons from the plan’s first project – the 160 MW Ouarzazate plant, in Morocco, the construction of which was currently under way.

The revised plan would see the countries receive $660-million from the CIF’s Clean Technology Fund (CTF), down from $750-million stipulated in the original plan and was expected to leverage nearly $5-billion from other donors and private financing.

According to the amended CTF allocations, Morocco would receive $218-million for 300 MW for the second phase of the Ouarzazate plant; Egypt would get $123-million for the 100 MW Kom Ombo plant; Tunisia would be given $62-million for the 50 MW Akarit plant; while $50-million would be given to Jordan for up to 100 MW, including  concentrated photovoltaic (CPV).

The new plan provides a realignment of projects in the pipeline, based on each country’s reassessed needs; focuses on well-performing projects; and has expanded horizons to include CPV technologies and business models including, the public sector, public-private partnerships and independent power producers.

The initial plan projected a total of 895 MW of power; however, with the revision, the region expected to achieve 1.12 GW, making it the most ambitious CSP programme in the world.

The AfDB further added that the plan also added a technical assistance component to complement efforts at project level and establish a critical platform for knowledge exchange and increase private sector involvement and regional integration.

“We can all look to this revised plan as both a signal of hope for the forward economic and social movement in the region built on renewable energy and a more realistic blueprint for the evolution of renewables as a potent engine of power globally,” CIF programme coordinator Mafalda Duarte stated.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION