The Nigerian ExIm Bank will invest $695 million to boost the country’s renewable energy sector.
Projects that will receive the funding include a $15-million Intol JPI waste-to-energy project and $510 million going to Confluence Sugar Ltd. for a biofuel program. Threshold Biofuel Energy Ltd. will receive $12 million to produce biogas from jatropha and $56 million appointed to Global Biofuel Ltd. for the cultivation of sorghum feedstock including a new biodiesel refinery.
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