OFID and REEEP sign grant agreement to boost energy access in low-income areas

On February 27,  2012, Mr. Suleiman J. Al-Herbish, OFID Director-General, signed a grant agreement with the Renewable Energy & Energy Efficiency Partnership (REEEP) to help finance a project that aims at enhancing energy access for poor communities in Cambodia, Ethiopia and Tanzania, benefiting some 40,000 people. The agreement was countersigned by Mr. Martin Hiller, Director-General of REEEP.

At the signature ceremony, Mr. Al-Herbish said "The three selected projects clearly emphasize OFID’s increasing commitment to bring energy to the poor and they also illustrate REEEP’s ability to identify clean energy projects in least developed countries that are both income-generating and self-sustaining. These are important considerations for us."

Mr. Hiller said: "The fact that OFID is trusting REEEP with the identification and oversight of projects that address energy poverty is a great vote of confidence. The selected initiatives are all what you could call ‘turning point projects’; ones that enjoy strong support on the ground and have a great potential for up-scaling. Funding them lays the groundwork for what we hope will be a long-term partnership between OFID and REEEP."