The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has approved a $1 million grant for the modernisation of Africa’s hydropower fleet.
The modernisation of hydropower stations is an opportunity to increase generation capacity at a low cost, with relatively short lead times and minimal environmental impact.
The grant will fund the mapping and evaluation of African hydropower facilities’ rehabilitation needs. It will also support the preparation of modernisation works for two pilot facilities to a bankable stage, a move expected to add 200MW in generation capacity, create 150 jobs and reduce greenhouse gas emissions by about 300 kilotons of CO2 annually.
Modern hydropower plays a key role in Africa’s energy transition, reducing reliance on fossil fuels and anchoring larger shares of variable renewable energy sources.
Dr Daniel Schroth, acting director for renewable energy and energy efficiency at the African Development Bank, said: “This transformative programme under SEFA’s Green Baseload component will specifically capitalise on the significant market opportunity for rehabilitation of Africa’s existing hydropower plants.”