Solar power plant financing Eritrea

What are the funds for a solar power plant in Eritrea?

The funds are for the construction of a 30 MWp solar photovoltaic power plant with storage near the town of Dekemhare. News about the Dekemhare solar project in Eritrea. It will be financed with $49.92 million by the African Development Bank (AfDB).

Where is Eritrea's first solar plant?

The government of Eritrea has received a $49.92 million grant from the African Development Bank to fund a 30 MW photovoltaic plant in the town of Dekemhare, 40 km southeast of the capital Asmara. It will be the country's first large-scale solar plant.

Why should Eritrea invest in a solar plant?

This initiative aims to address the energy needs of Eritrea while promoting sustainability and reducing carbon emissions. The solar plant is anticipated to contribute to the nation’s energy independence and support its commitment to renewable energy development.

Will Eritrea become the largest solar zone in the world?

When completed it will become the largest solar zone in the world. Financing Approval date 1 March 2023 Project name: Dekemhare 30-megawatt photovoltaic solar power plant project in Eritrea.

Who is responsible for electricity supply in Eritrea?

The Government of Eritrea is the beneficiary of the grant, and the Ministry of Energy and Mines is responsible for its implementation. Eritrea experiences inadequate, unreliable, expensive and polluting electricity supply. The available capacity is 35 MW for a peak demand of about 70 MW.

How will the grant help the Eritrean power sector?

Part of the grant will also be allocated to technical assistance and capacity building to improve the operational performance of the grid and ensure the sustainability of the results achieved and the overall development of the Eritrean power sector.