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AFRICA DEVELOPMENT BANK APPROVED FINANCING PROGRAM FOR DESCOs
Sub-Saharan Africa need funds for electricity production but will financial providers stop worrying about political, regulatory and administrative barriers? Sub-Saharan Africa’s energy systems face an enormous challenge due to low electricity generated. This has made Africa Development Bank (AfDB) to approve an innovative multinational financing program for Distributed Energy Service Companies (DESCOs). DESCOs are like commercial utility companies that provides their customers with desired energy services. This desired energy services entails sufficient electricity for lighting…
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