Business

Sweden allocates €20 million to renewable energy

KALONDE NYATI, Lusaka
SWEDEN has set aside €20 million to accelerate renewable energy in rural and peri-urban areas.
The project is under the Power Africa Beyond the Grid Fund for Zambia (BGFZ), which aims to provide affordable renewable energy services.

Embassy of Sweden first secretary in-charge of energy Magdalena Svensson said the private sector-led project that has been awarded to five local and international companies and runs from 2016 to 2021, will result in off-grid renewable energy generation and distribution, which will benefit over one million people.

“Sweden has provided €20 million for the BGFZ, of which €15 million has been committed to the awardee companies. We have to-date disbursed €1.7 million.
“The awarded companies in their turn have committed €20 million in own…http://epaper.daily-mail.co.zm/

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