Liberia and Tan­za­nia plan Cif-funded Re­new­able En­ergy Trans­for­ma­tion po­ten­tial

The Pak Banker - - Front Page -

TU­NIS

In Septem­ber, the Gov­ern­ments of Liberia and Tan­za­nia opened their doors to of­fi­cials of the Cli­mate In­vest­ment Funds (CIF) and its im­ple­ment­ing part­ners, in­clud­ing the AfDB, to be­gin ex­plor­ing de­vel­op­ment of in­vest­ment plans un­der the CIF's Pro­gram for Scal­ing Up Re­new­able En­ergy in Low In­come Coun­tries (SREP). In Liberia, the gov­ern­ment is com­mit­ted to ac­cel­er­ate ex­pan­sion of ac­cess to elec­tric­ity, with an am­bi­tious strat­egy to reach elec­tric­ity cov­er­age of 70 per cent of the pop­u­la­tion in Mon­rovia, and 35 per cent na­tion­wide by 2030. The SREP In­vest­ment Plan for Re­new­able En­er­gies (IPRE) will fo­cus on both on-grid and off-grid ex­pan­sion op­tions for the sec­tor us­ing re­new­able en­er­gies in a way that sup­ports the Gov­ern­ment's goals.

In Tan­za­nia, the gov­ern­ment is com­mit­ted in its Vi­sion 2025 to trans­form­ing the coun­try to mid­dle-in­come sta­tus by 2025 with a pros­per­ing econ­omy and a high qual­ity of life for its cit­i­zens. A key pil­lar of this Vi­sion is the goal of reach­ing 30% ac­cess to elec­tric­ity na­tion­wide by 2015. The SREP In­vest­ment Plan will sup­port and align with the broad en­ergy sec­tor de­vel­op­ment plans to im­ple­ment this goal, par­tic­u­larly the Power Sec­tor De­vel­op­ment Mas­ter Plan and the Ru­ral Elec­tri­fi­ca­tion Prospec­tus.

Liberia and Tan­za­nia are two of seven coun­tries in the 'sec­ond batch' of pi­lot coun­tries se­lected to ben­e­fit from SREP in­vest­ment. SREP sup­ports pro­grams with po­ten­tial for scaled-up, trans­for­ma­tional ac­tion aimed at build­ing re­new­able trans­for­ma­tion in low in­come coun­tries. The CIF pro­motes in­ter­na­tional co­op­er­a­tion on cli­mate change and sup­ports de­vel­op­ing coun­tries as they move to­ward cli­mate-re­silient and low­car­bon de­vel­op­ment.

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