ADFD to finance $18m power plant project in Guinea
Abu Dhabi Fund for Development (ADFD) is set to construct the National Dispatch Centre to boost power transmission in the West African nation of Guinea at an estimated cost of $18m (AED66m)
Abu Dhabi Fund for Development (ADFD), the country’s national entity in development aid, is set to construct the National Dispatch Centre to boost power transmission in the West African nation of Guinea at an estimated cost of $18m (AED66m).
The Centre will bolster energy control efforts, help stabilise the Guinean national electrical grid, and bring power to the nation, according to a report from the UAE's official news agency WAM.
Moreover, the project aligns with the West African Power Pool (WAPP) programme that aims to provide electricity supply and facilitate cross-border power exchange, said senior officials at the official cornerstone-laying ceremony of Guinea’s National Dispatch Centre held in the presence of Guinean President Alpha Condé and Prime Minister Malady Yule.
Also present at the ceremony were Saeed Al Dhahiri, the director of finance at ADFD who led the delegation that represented the Fund and Abdullah Al Hammadi, the UAE Ambassador to Guinea in addition to several high-ranking Guinean officials.
A total of $90m Abu Dhabi government grant had been earmarked for development projects across the country in 2013, the report continued.
The grant seeks to boost socio-economic development across the country and help strengthen electricity supply for more than 10 million Guineans. The fund’s contribution will cover 80% of the project’s total cost, the report continued.
"We are proud to support the Guinean government with this new strategic project and to fund the tailored energy portfolio for the west African region," said Mohammed Saif Al Suwaidi, director general, ADFD.
“ADFD’s support for the National Dispatch Centre re-affirms its commitment to financing Guinea’s national grid capable of supplying, transmitting and exchanging electricity across the region,” added Al Suwaidi.