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The AfDB approved grants of $2.5 million to advance intra-regional harmonisation of electricity regulations and drive cross-border power trading in the COMESA and SADC regional blocs, which cover 28 African countries.
Mozambique's publicly owned Electricidade de Moçambique (EDM), will for the next 12 months supply between five and 35 megawatts of power to the Lesotho Electricity Company (LEC).
IRENA and SACREEE signed a treaty to work together on accelerating the deployment renewable energy solutions in Southern African countries.
The AfDB has invested an estimated $13bn in Southern Africa since 2012, which is delivering strong results across countries, according to the Bank’s President.
The newly launched SOLTRAIN projects, a district heating plant is expected to save millions in energy costs for Wits University residences.
The SADC region is realising a considerable increase in the number and quality of its renewable energy and energy efficiency policies.
The recently adopted Southern African Power Pool Plan is set to benefit the wider regional economy by scaling-up cross border energy trade.