{"id":51745,"date":"2023-07-21T15:13:50","date_gmt":"2023-07-21T15:13:50","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=51745"},"modified":"2023-07-21T15:13:55","modified_gmt":"2023-07-21T15:13:55","slug":"afdb-to-co-fund-900m-mauritania-mali-power-line-project","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/afdb-to-co-fund-900m-mauritania-mali-power-line-project\/","title":{"rendered":"AfDB to co-fund\u00a0 $900m Mauritania-Mali power line project"},"content":{"rendered":"\n<p><br>Abuja, July 21, 2023: 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.<\/p>\n\n\n\n<p>The Bank, in a statement on its website, made the commitment with the partners at a roundtable in the Mauritanian capital, Nouakchott.<\/p>\n\n\n\n<p>It said the discussions explored funding options for the project, which also entailed developing solar power stations.<\/p>\n\n\n\n<p>It said:\u201cAfDB has worked closely with both countries to prepare the project, and affirmed its interest in co-funding.<\/p>\n\n\n\n<p>\u201cThe project aligns with the Bank\u2019s Desert-to-Power initiative, which is set to become the world\u2019s largest area of solar power generation.<\/p>\n\n\n\n<p>\u201cThe 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.\u201d<\/p>\n\n\n\n<p>Mauritania\u2019s Minister of Economy and Sustainable Development, Abdessalam Saleh, said the strategic nature of the project would have a strong transformative effect on the economy.<\/p>\n\n\n\n<p>Saleh said it would also create a connection to the Senegal River Basin Development Organisation\u2019s grid.<\/p>\n\n\n\n<p>\u201cThe project constitutes an essential link in the regional electricity distribution system known as the \u201ctrans-Sahel spine,\u201d which is currently being studied.<\/p>\n\n\n\n<p>\u201c It will link Mauritania to Chad, passing through three other landlocked countries; Burkina Faso, Niger and Mali.<\/p>\n\n\n\n<p>\u201c The 225 kV line will connect new renewable energy parks to the sub-region\u2019s power grid \u201cSaleh added.<\/p>\n\n\n\n<p>The AfDB\u2019s Deputy Director-General for North Africa, Malinne Blomberg, said the project would turn AfDB\u2019s policy of supporting the development of green infrastructure in Africa into a reality.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>She said: \u201cWe firmly believe that this project will have a transformative effect on promoting both the private sector and trade and, consequently, create job opportunities.\u201d<\/p>\n\n\n\n<p>Daniel Schroth, AfDB\u2019s Director for Renewable Energy and Energy Efficiency, said this regional project was a flagship for the sub-region\u2019s energy transition.<\/p>\n\n\n\n<p>He lauded the close cooperation between Mauritania and Mali, as well as technical and financial partners in preparing the project.<\/p>\n\n\n\n<p>AfDB has operated in Mauritania for over 50 years in various strategic development areas.<\/p>\n\n\n\n<p>These include agriculture, governance, water and sanitation, mining, private sector, transport and social issues, with an active portfolio of more than 140 million dollars.<\/p>\n\n\n\n<p>The Bank Group is also active in several economic sectors in Mali, namely transport, agriculture, energy, water and sanitation, finance, governance, and climate change.<\/p>\n\n\n\n<p>Its current portfolio in the country totals about 723 million dollars.<\/p>\n\n\n<!-- wp:themify-builder\/canvas \/-->","protected":false},"excerpt":{"rendered":"<p>Abuja, July 21, 2023: 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24793,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949,241],"tags":[146,392],"class_list":["post-51745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-foreign","tag-afdb","tag-mali","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AfDB to co-fund\u00a0 $900m Mauritania-Mali power line project - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/afdb-to-co-fund-900m-mauritania-mali-power-line-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB to co-fund\u00a0 $900m Mauritania-Mali power line project - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Abuja, July 21, 2023: 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. 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