BAMAKO, Mali, March 4, 2024 -/African Media Agency (AMA)/-The Malian Minister of Youth and Sports, Civic Education and Citizen Construction Abdoul Kassim Fomba, presided, Thursday February 29, 2024 in Bamako , on behalf of the Prime Minister of Mali Choguel Kokalla Maïga, this the official opening of the 3rd edition of Renewable Energy Week with a renewed commitment from the authorities and key players in the sector to further develop renewable energies in this Sahelian country. ‘West Africa.
This flagship event on the role of renewable energies in the sustainable development of Mali is held on the following theme: “Promoting opportunities in the renewable energy sector in Mali: Mali’s investment plan from the Renewable Energy Integration Program of the Climate investment funds”. This edition aims to be a catalyst for the launch and popularization of the investment plan of the Renewable Energy Integration Program. This plan(link is external) was funded by the Climate Investment Fund as part of the Desert to Power initiative of the African Development Bank. The ambitious and visionary plan aims to accelerate the transition to a cleaner and more diversified energy mix, while strengthening Mali’s energy resilience.
Some 50 exhibitors will present on this occasion the opportunities available in Mali in terms of renewable energies, which will allow populations to explore advances in the sector.
Malian Minister of Energy and Water, Bintou Camara, welcomed “a captivating exploration that highlights advances and opportunities in the field of renewable energies” in Mali.
The event also allows the sharing of good practices and the exchange of innovative ideas to promote the adoption and integration of renewable energies in all sectors of the Malian economy. This will also be an opportunity for the authorities to present the detailed investment plan for the Renewable Energy Integration Program, its challenges and the resulting opportunities.
“By supporting the integration study and the implementation of the investment plan, the African Development Bank Group reiterates its firm commitment to supporting Mali in its energy transition in order to achieve its access objectives to energy,” said Adalbert Nshimyumuremyi, head of the Bank’s country office in Mali.
Renewable Energy Week will strengthen partnerships between stakeholders, investors and civil society. On the first day, participants were informed of the end of the study on the integration of solar production into Mali’s electricity system. The study recommends in particular the increase in solar production capacity by 1,400 megawatts by 2035, which should require some 1.14 billion euros of investments in the production system.
“Mali remains a flagship country for the “Desert to Power” Initiative which is gradually coming to fruition and will have a positive impact on the population. The permanent availability of quality and affordable electricity will strengthen the resilience of populations in beneficiary localities,” said Franklin Gbedey, Head of Renewable Energy at the Bank.
Distributed by African Media Agency (AMA) for the African Development Bank.
HAS About Climate Investment Funds
Created in 2008, the Climate Investment Funds (CIF), with $11.1 billion, are one of the largest active climate finance mechanisms in the world. They enable climate-smart planning and action in low- and middle-income economies, many of which are the least prepared and yet most exposed to the challenges of climate change. CIFs respond to the global climate crisis with large-scale, low-cost, long-term financial solutions to help countries achieve their climate goals.
About the Desert to Power Initiative
Launched in 2019, “Desert to Power” is an initiative of the African Development Bank. Its objective is to exploit the solar potential of eleven Sahel countries (Burkina Faso, Djibouti, Eritrea, Ethiopia, Mali, Mauritania, Niger, Nigeria, Senegal, Sudan and Chad) through investments in solar production and the supply of access to electricity. The initiative aims to increase solar production capacity by ten gigawatts by 2030 through public and private, on-grid and off-grid projects, to provide 250 million people with access to electricity. ‘electricity.
Source : African Media Agency (AMA)
2024-03-04 10:16:00
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