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Comoros: The African Development Bank signed two financing agreements with the Comorian government to support the energy sector of the archipelago

The African Development Bank (AFDB) and the Comorian government signed last Thursday in Abidjan, Côte d’Ivoire, two financing agreements totaling approximately 6.5 million dollars for the development of the energy sector of the archipelago.
The first grant of 6 million dollars will be released for the period 2014-2015 in connection with the financing of technical assistance devoted to the support program of the reform of the energy sector (PARSE).
The second budget of 480,000 dollars allocated will also promote the development of renewable energies at the heart of the archipelago, especially concerning the introduction of geothermal energy in the Comoros, as indicated by La Gazette des Comores newspaper.

Umee Ruhomally

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