Climate Investment Fund Board approves Mali’s $40m plan to scale up renewable energy

Mali’s $40 million investment plan to scale up renewable energy has been approved in principle by the Climate Investment Fund (CIF) governing bodies, implementing agent African Development Bank (AfDB) has stated.

The investment plan, which is under the CIF’s Scaling Up Renewable Energy Programme in Low Income Countries (SREP), was approved during the annual meetings of the Fund’s governing bodies in Washington D.C early November 2011.

According to the AfDB, the plan proposes three projects to expand Mali’s solar PV, mini-hydro, and bio-fuel technologies, with important provisions for capacity building and project management critical to the success of the programme and the long-term transformation of Mali’s renewable energy sector.

AfDB says it’s technical support will continue, as projects outlined in the investment plan are finalised over the next months.

By Ekow Quandzie