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- Developing Niger’s solar energy sector
Developing Niger’s solar energy sector
A US$20 million OPEC Fund loan will help generate 40 MW of renewable energy
Access to renewable energy will be increased and electrification scaled up in Niger thanks to a US$25 million loan from the OPEC Fund for International Development in support of the Niger Solar Plant Development and Electricity Access Improvement Project (RANAA). The OPEC Fund is joining forces with the African Development Bank, Power Africa, the Green Climate Fund and the Government of Niger for a total financing of US$167 million.
OPEC Fund Director-General Abdulhamid Alkhalifa signed the loan agreement in the capital Niamey with Minister of Finance Ahmat Jidoud and said: “Our support will help Niger increase access to affordable and clean energy and improve the overall capacity of the electricity network, making a real difference to people’s lives. The OPEC Fund is committed to addressing the twin challenges of energy access and climate action and helping ensure that no one is left behind.”
RANAA will support the development of the energy sector through the construction of three solar plants in the Maradi, Dosso and Diffa regions with a total generation capacity of 40 MW. The new facilities will benefit more than 750,000 people in a country where presently only around 20 percent of the population have access to electricity and with significant disparities between urban and rural areas.
The project also includes the extension of 2,600 km of new transmission lines connecting cities in Niger’s south and in Niamey. The OPEC Fund’s loan will finance the construction and grid integration of the 10 MW Dosso solar plant.
With a gross national income of US$529 per capita Niger is among the world’s Least Developed Countries, according to the UN. Since the start of its operations in 1976, the OPEC Fund has extended 30 public sector loans for a total of US$246 million to Niger, supporting agriculture, transport, education, water and health and a number of other initiatives through 33 local and regional grants.