The donation will be funded through SEFA's Business Environment Improvement Window, designed to stimulate investment in the renewable energy sector in Africa.
The SEFA technical assistance project will help improve the access of households, businesses and industries in the Comoros to modern, reliable and affordable energy services. In particular, the project intends to support the government in: i) defining tariff structures (feed-in tariffs) for small and medium-sized renewable energy projects; ii) develop standard contractual and legal documents (power purchase agreements / steam supply agreements) for renewable energies; and (iii) implement capacity-building and development programs on the technical, economic, financial and legal aspects of renewables, on behalf of the concerned Renewable Energy Unit.
"This intervention aims to increase private sector participation in the production of clean energy. Our long-term goal is to ensure that the private sector becomes an active investor in the supply of electricity generated from all sources available in the Comoros, including geothermal, hydroelectric, solar and wind, "said Alex Rugamba , Director of the Department of Energy, Environment and Climate Change at the African Development Bank (AFDB).
Comoros is highly dependent on fossil fuels and biomass (wood and coal) for electricity generation, making it a prime candidate for the development of renewable energies. It is estimated that 70% of the energy used comes from biomass and the rest from imported fossil fuels, of which 21% is used directly (for transport) and 8% is used to produce electricity. The rate of access to electricity remains low, since only 8% of the population is served in the three islands (Grande Comore, Moheli and Anjouan)... Read more... https://www.afdb.org/fr/news-and-events/sefa-grants-comoros-us-480-000-to-facilitate-private-sector-investments-in-renewable-energy-sector-13681/