Abu Dhabi
Fund for Development (ADFD), the leading national entity for economic
development aid, has confirmed the allocation of USD 14 million for a
waste-to-energy plant project in the city of Addu under the partnership with
the International Renewable Energy Agency (IRENA).
The
establishment of the project was announced at the 10th Assembly of IRENA held
in Abu Dhabi. Minister of Environment Dr. Hussain Rasheed Hassan, Maldivian
Ambassador to UAE DR. Hassan Niyaz and senior officials from state utility
company FENAKA and the Environment Ministry attended the ceremony along with
over 1,000 other delegates from across the globe.
The 1.5 MW
renewable energy project to be built in the southernmost Addu City, will
utilise waste produced in inhabited islands and resorts of Addu Atoll to
generate electricity and reduce dependence on imported fuel benefitting 35,000
people.
This is one
of the eight renewable energy projects to be funded by ADFD. Speaking on the
occasion, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD,
said: "In cooperation with IRENA, ADFD is proud to have supported the
deployment of renewable energy solutions worldwide over several years. In its
efforts to boost the implementation of the United Nations Sustainable
Development Goals (SDGs), specifically Goals 6,7,11, 12 and 13 ADFD-funded
projects over the seven cycles of the Facility have led to the widespread
adoption of scalable, clean, and sustainable energy alternatives in 26
countries."
The project was proposed to IRENA by the Maldivian Government in 2019. AFD committed concessional financing of US$ 350 million for renewable energy projects in developing countries, out of which US$ 104.5 million will be issued to eight countries in 2020. 95 countries requested for financing under the seventh loan cycle of the IRENA/ADFD project facility.
Please login to Comment