Kenya: A billion Dollars for renewable sources of energy

12 February 2010

Kenya should be able to mobilise between 500 million and one billion Dollars from its first sale of international bonds to help finance projects involving renewable sources of energy. According to Prime Minister Raila Odinga, the funds will be raised this year or at the start of 2011, according to the daily Les Afriques. The announcement was made when the United Nations Conference on Commerce and Development published a new report last Monday on commerce and development.

This encourages the construction of infrastructures for renewable energy sources for countries in the course of development, enabling them to move forwards to substantial improvements with regard energy efficiency, and for a negative net cost.

The report also emphasises the importance of solar panels, wind farms, bio-fuel generators, and small hydroelectric installations.

These systems allow for electricity to be supplied to families and whole communities, agricultural production to be increased, health improved, and jobs to be created.

Category: Energy

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