GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  •  Dual projects designed to enhance Seychelles' capacity to produce renewable energy from sustainable resources
  •  ADFD-funded energy projects electrify thousands of homes in island nation

Abu Dhabi-UAE: 12 March, 2018:   Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, today announced an allocation of AED64.2 million for the development of two projects in the Republic of Seychelles that will enhance the country's capacity to produce renewable energy from sustainable resources.

Confirming the Fund's support, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD signed two agreements, the first with His Excellency Didier Dogley, Minister of Environment, Energy and Climate Change of the Seychelles, and the second with Philip Morin, CEO of the Public Utilities Corporation in the Seychelles in the presence of His Excellency Jean-Claude Adrienne, Ambassador of the Republic of Seychelles to the UAE, as well as, Adnan Z. Amin, Director General  of the International Renewable Energy Agency (IRENA) and several officials from the Abu Dhabi Future Energy Company (Masdar).

The first agreement includes the allocation of AED31.2 million towards a solar farm that will be developed by Masdar in the island of Romainville, while the second agreement involves an investment of AED33 million for the installation of a 33kV power grid in the island of Mahé.

Speaking on ADFD's latest synergy with the government of the Seychelles, His Excellency Mohammed Saif Al Suwaidi said: “Since 1979, ADFD has shared outstanding relations with the government of the Seychelles.

We have successfully financed development projects to the tune of AED399 million across various regions in the country.

These projects are focused on strategic sectors that promote sustainable economic development in the Seychelles including housing, telecommunications, transport and energy.

“Our latest initiative to fund two high-potential projects in the Seychelles validates our sustained efforts to promote the widespread adoption of renewable energy in developing countries.

The funding also reiterates ADFD's commitment to supporting the efforts of the government of the Seychelles in meeting the country's energy needs from sustainable resources.”

Appreciating ADFD's active role in extending development assistance to the Seychelles, His Excellency Didier Dogley said:

“The two agreements we signed today will contribute to the development of the energy sector and meeting the increasing demand for electricity in the Seychelles.

The Abu Dhabi Fund for Development has become one of the most important international funding organisations for its significant contribution to achieving sustainable development on a global scale.

We commend its success in financing development projects across the world.”

The solar farm project in Rumenville island is financed as part of the fourth funding cycle of IRENA/ADFD Project Facility launched in 2013.

The five MW project is designed to contribute to the economic and social development of the Seychelles through supporting the energy sector and increasing the share of renewable energy in the country's energy mix.

Anticipated to benefit nearly 90,000 people, the solar farm will also include storage batteries helping stabilise electricity prices in the island and reduce its dependence on biofuels.

Meanwhile, the 33kV power grid project in the island of Mahé will oversee the installation of a 12.5-kilometre line along with two feed stations to strengthen the transmission and distribution network in the northern areas.

Built at an estimated cost of US$10.5 million of which US$9 million will be provided by ADFD, the project is set to meet the electricity demand driven by the growth of commercial, residential and tourism establishments on the island.

 



Posted by : GoDubai Editorial Team
Viewed 11590 times
Posted on : Monday, March 12, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : ABB records steady growth in the UAE
Next Story : Masdar to Install Rooftop Solar PV Systems at Khazna's Masdar City Facility
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Put your best skin forward for Spring/Summer 19' with Kocostar's Camouflage range
The Amphis Ritual
Celebrate Mother's Day with the perfect gift from Sawalef Perfumes
GROHE Shapes the Future of Water with a record number of innovations at ISH 2019
The Perfect Gift for Mother's Day
Pomsies launch six new Fabulous Friends!
The essence Guide to a Mother's Day done right!
Now United to Perform at World Games' Opening Ceremony Pre-Show
Time to Honour Our Moms with the Best from HONOR: Mother's Day Gift Guide
Salvatore Ferragamo Timepieces - Spring/Summer 2019 Collection
Tonda 1950 Stone-set range
Get Kylie Minogue's Youthful Complexation with The Organic Pharmacy's Rose Diamo...
Trade-in Your Old Device for a brand new Galaxy S10
Visa partners with Starbucks & Hardee's to help promote the use of Apple Pay in ...
Dubai Festival City Mall picks the perfect gifts to say thank you to all mums th...
Splash launches Regional Designer Collaborations
Desigual ‘Not the Same' Since 1984
World's most expensive perfume ‘SHUMUKH' launched at The Dubai Mall as an exquis...
Go on, catch the summer moments
Zoho sees over 100% market growth in the UAE, announces initiatives for the region
V-URBAN Versace – Spring/Summer 2019 Collection
Giti Tire Celebrates New Beginnings with Opening of First Middle East Flagship S...
Dubai Modest Fashion Week Celebrates a Successful Return for 2019
TREND ALERT: Denim | Marks & Spencer
A major presence of the French cosmetics industry at Beauty World Middle East in...
Ericsson and UNESCO launch new global AI skill development initiative for youth
LG's Smart Kitchen Appliances Help Families Eat Healthy, Stay Fit and Waste Less
It just keeps getting better: Nokia 3.1 gets a fresh slice of Android 9 Pie
Lulu Promotes Food Is Great Britain: A British Food Festival
Tukish Airlines is moving to its new home, “The Great Move” begins
Fit and Fabulous – now a possibility with HONOR technology
Kronometry 1999-Corum boutique in Paris
Epson's latest A4 business inkjets help businesses print more for less
Smiles, and Medals, All Round After Double Success for Team GB Siblings at World...
Hucklebones create charming pieces for girls filled with easy-going elegance for...
Coach presents Park Collection
Dubai Customs celebrates the Emirati Children's Day
Speech by HE Abdulrahman bin Mohamed Al Owais, Minister of Health and Prevention...
HP Raises the Bar for Exciting and Secure Devices with Cutting Edge PC Innovations
Sahara Centre Welcomes Customers with the ‘Win Wheels with Meals' Campaign
Etihad Airways Welcomes Ireland's Minister for Transport, Tourism and Sport to I...
More than 3000 people visit Emirates A380 at first Saudi International Airshow
Cole Haan Delivers True Performance Footwear With the Release of the Zerøgr...
MOTIONGATE™ Dubai launches special treat for moms to celebrate Mother's Day on ...
First in Asia, Aster CMI Doctors rescue teen suffering from rarest of the rare g...
Fintech will radically improve financial health of people in the Gulf, say experts
Italian Design Day returns to Dubai with the theme Internet of Things
Olivia Burton presents Sunlight Florals/Mothers and daughters collection
Emirates Foundation's Think Science Fair kicks off in Fujairah
HUGO BOSS Watches INTENSITY Collection