- AfDB SEFA approves $1 million reimbursable grant to develop bioenergy plants.
- Each plant will have an output of 5MW of electricity.
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has approved a $1 million reimbursable grant to develop bioenergy plants in Ghana and Sierra Leone.
NewAfrica Impact Ltd will use the grant to prepare two bioenergy plants in Sierra Leone and Ghana, each producing 5MW of electricity and 11MW of heat.
The reimbursable grant will strengthen the project’s bankability by supporting technical feasibility studies and regulatory structuring. NewAfrica Impact is a renewable energy developer, investor and advisor.
The plants will be co-located with wood processing facilities to provide biomass from sustainably cultivated and certified plantations. They will provide electricity and heat to the wood processing machinery and nearby industrial parks. The Sierra Leone plant will also provide electricity to surrounding communities.