Sierra Leone has won the first call for proposals for the prestigious International Renewable Energy Agency/Abu Dhabi Fund for Development (IRENA/ADFD) financing facility after signing yesterday (June 30) the 6mw Freetown Solar Park project which will target urban and western rural districts around the capital, Freetown.
The scheme is a landmark Renewable Energy Project in West Africa, adding valuable and needed clean electricity to the grid.
“Pursuant to actualizing the vision of H.E. President Dr. Ernest Bai Koroma, we wish on behalf of the Government of Sierra Leone to thank Mr. Siray Timbo, Special Envoy of H.E. The President and Ambassador to the UAE; the Ministry of Energy; Mr. Bahige Annan, The Consul General of Sierra Leone in Dubai and Mr. Filip Matwin, General Manager of Advanced Science and Innovation Company (ASIC) LLC / OGI, for coordinating and putting together the winning bid,” said Finance and Economic Development Minister, Dr. Kaifala Marah. “ASIC/OGI will facilitate co-financing and management of the project in collaboration with the Ministry of Energy.”
The US$18 million clean energy project includes institutional and critical human resource arrangements for sustainable management of the facility.
“We would like to extend our gratitude to IRENA for coordinating the selection process, the ADFD for extending US$9 million as part funding to the government of Sierra Leone and ASIC/OGI that will coordinate additional US$9 million as private equity,” the minister said.
The project will place Sierra Leone on the global map of renewable energy, and further strengthen the existing cordial relationship between the governments of Sierra Leone and the United Arab Emirates.