Confirming what the ADNOC, Minister of Energy said at the #CERRA Week in Houston, TX that they will be investing in renewable technologies. The beautiful Seychelles will receive funding for two renewable energy projects at a price of $17.4 million from the Abu Dhabi Fund for Development (ADFD), a communique from Seychelles’ embassy in the United Arab Emirates said on Monday.
The announcement comes as the president of Seychelles, Danny Faure, attends the founding conference of the International Solar Alliance in India.
The project agreements were signed by the Fund’s director general, Mohammed Saif Al Suwaidi, with Seychelles’ environment minister, Didier Dogley, and Philippe Morin, the chief executive of the island nation’s Public Utilities Corporation. #energynewsnow #abudhabi #adfd
The first project will be a solar power field on the manmade island of Romainville that will be developed by Masdar — a renewable energy company — based in Abu Dhabi. The other project will be the installation of a transmission line in the main island of Mahe.
Speaking at the signing ceremony, Dogley said, “The two agreements we signed today will contribute to the development of the energy sector and meeting the increasing demand for electricity in the Seychelles.”
On his side, Al Suwaidi said, “Our latest initiative to fund two high-potential projects in Seychelles validates our sustained efforts to promote the widespread adoption of renewable energy in developing countries.”
He added that “the funding also reiterates ADFD’s commitment to supporting the efforts of the government of the Seychelles in meeting the country’s energy needs from sustainable resources.”