AFDB to finance construction of 32 MW solar plant in Chad

UNIDO

The African Development Bank (AfDB) is to fund the construction of a 32 megawatts solar plant to be constructed in N’Djamena, the Chadian capital. In addition to financing the 32 MW solar power plant, AfDB plans to support other projects such as the electrical interconnection project between Chad and Cameroon, and the rehabilitation of the current National Electricity Company (SNE) plant. The African Development Bank is a major Chadian development partner and has financed projects in various sectors.

The African Development Bank Group (AfDB) or Banque Africaine de Developpment (BAD) is a multilateral development finance institution . The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.

The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). While it was originally headquartered in Abidjan, Côte d’Ivoire, the bank’s headquarters moved to Tunis, Tunisia in 2003, due to the Ivorian civil war; before returning in September 2014.