Seychelles: Abu Dhabi fund backs energy projects

Issue 365 - 15 Mar 2018 | 1 minute read

The Abu Dhabi Fund for Development (ADFD) announced on 12 March that loan agreements had been signed for two energy projects in the Seychelles. An AED31.2m ($8.5m) loan was agreed to fund a 5MW solar photovoltaic project being developed by Abu Dhabi Future Energy Company (Masdar) on the island of Romainville, while AED33m was allocated for a 33kV grid on the island of Mahé.

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