The Forum on Chinese-African Cooperation (FOCAC) announced that it will provide almost twice the amount of aid money in 2012 that it did in 2011, about $20 billion, to help develop infrastructure and agriculture.
Chinese companies are not new to venture into the continent. And while some question the Asian superpower’s help as an ulterior motive to acquire more of the continent’s natural resources the fact is that the continent could see a surge in renewable energy infrastructure based upon China’s new monetary pledge.
Suggested reading:
Congolese Hydro Decreases Reliance on Power Imports, Thursday, June 28, 2012
Zimbabwe Approves Three More IPPs, Thursday, June 21, 2012
China Capitalizes on Economic Crisis and Political Instability, Wednesday, April 11, 2012
Ethiopian Wind Project Set for June Completion, Monday, March 26, 2012
Alternative Energy Africa is trying to reduce its own carbon footprint. Ask about our electronic subscriptions and online marketing campaigns specially tailored for individual companies.