The Abu Dhabi Development Fund (ADFD) has released $18 million to Guinea for the construction of a new power plant.This funding comes within the framework of a global package of $90 million promised by the Emirate in 2013, to support energy development projects in the country.
“This investment is part of a tailored portfolio for energy in the West African country,” said Saif Al Suwaidi, Director General of ADFD.
The ADFD has already contributed funds to the construction of two power stations, the Tombo I and Tombo II. The two power stations have a combined capacity of 60 MW.
According to American Power Technology in charge of the execution of the works, this financing will support efforts to increase the country’s energy capacity and “should cover 80% of the needs for the implementation of the project.”