New agreement between AFD and ADEME to promote renewable energies

21 December 2010

Thursday last, the French Development Agency (AFD) and the Environment and Energy Management Agency (ADEME) signed a three-year cooperation agreement.

It will consolidate the cooperation between the two institutions, especially in the development of renewable energies and rural electrification in sub-Saharan Africa, reports a press release by the AFD.

To attain this goal, the agencies will exchange information, setting up a common strategy to promote renewable energies and organize joint funding for studies and research.

This agreement will benefit the emergence of new projects in renewable energies in Africa, such as the wind farm at "Golf von el Zayt", with a capacity of 200 megawatts, which is to be constructed in Egypt.

On Tuesday 21 December 2010, the German Development Bank (KFW) was mandated by the Federal Ministry of Economic Cooperation to sign a loan agreement for 252 million dollars with Egypt, reports the German information center CIDAL.

Categories: Energy

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