Mali: AfDB to fund Segou solar scheme

The African Development Bank (AfDB) board has approved funding for the 33MW Segou Solar photovoltaic (PV) project, Mali’s first utility-scale solar PV power plant (AE 305/8). The project will be funded by the Program for Scaling Up Renewable Energy in Low Income Countries (Srep), part of the multi-donor Climate Investment Funds. In addition to the $25m Srep tranche, the AfDB and International Finance Corporation are each putting in $8.4m of senior debt.