PM hails Green Industrial Revolution 바카라 사이트榮weeping across Africa바카라 사이트�
The Prime Minister welcomes major new UK investments and public-private partnerships.
PM hails Green Industrial Revolution 바카라 사이트榮weeping across Africa바카라 사이트�
- PM set welcomes transformative new investments in clean energy at Commonwealth Business Forum in Kigali today
- UK government support and private sector partnerships back hydropower across Africa and renewable energy supply in Uganda
- UK also commits a further 拢36m to help small island states protect their ocean economies
The Prime Minister will welcome major new UK investments and public-private partnerships which are turbocharging the clean energy transition in Africa, as he attends the Commonwealth Business Forum in Kigali today.
Two projects supported British International Investment (BII) 바카라 사이트� the UK바카라 사이트檚 development finance institution 바카라 사이트� will invest massively in hydropower across Africa and upgrade Uganda바카라 사이트檚 power stations to boost renewable energy capacity.
The UK will also commit an additional 拢36 million to boost sustainable growth in Small Island Developing States바카라 사이트� critical maritime economy. The funding will support UK scientific expertise and resources for small island governments to sustainably monetise their ocean resources, while protecting the marine environment.
The Prime Minister Boris Johnson said:
바카라 사이트淭he Green Industrial Revolution is sweeping across Africa, backed by British financing and technical expertise. The continent바카라 사이트檚 abundant natural resources can be harnessed to provide cheap, reliable sources of energy for its people and industries, without contributing to the rising global temperatures that are already devastating communities.
바카라 사이트淭he UK 바카라 사이트 is leading the way, supporting sustainable green infrastructure across the Commonwealth and opening new opportunities for Britain바카라 사이트檚 leading clean tech companies to grow their business around the world.바카라 사이트�
British International Investment will provide up to 拢162 million [$200m USD] of capital investment in the hydropower sector in Africa, partnered with Norway바카라 사이트檚 Norfund in a joint venture with energy firm Scatec.
The partnership is expected to create 180,000 jobs and provide enough electricity to meet the needs of more than 3 million people, while slashing greenhouse gas emissions. Initial projects include the proposed 205MW Ruzizi III hydropower plant which will provide energy for Rwanda, DRC and Burundi, and the construction of Malawi바카라 사이트檚 largest power plant.
Gridworks, a UK 바카라 사이트-funded subsidiary of BII, has also signed a cooperation agreement with the 바카라 사이트 of Uganda this week to invest up to $90 million [拢73m] to develop their national grid. The project will upgrade four critical electricity substations in Uganda to boost their capacity to absorb renewable energy to supply industrial customers.
Uganda already gets 80 percent of its energy from renewable sources, but has the potential to generate far more if storage and transmission infrastructure is improved.