World Bank – Page 2 – Energy Worth Online

Manufacturers oppose World Bank-funded Bid for supply of smart electricity meters

Energy Worth2 years ago2 years ago010 mins

In the letter, which was jointly signed by the Acting President of the manufacturers’ association, Ademola Agoro, and the Secretary, Duro Omogbenigun, the association urged the BPP DG to direct the Transmission Company of Nigeria (TCN), Nigerian Electricity Regulatory Commission (NERC) and the Central Bank of Nigeria (CBN) to honour the pending four million meters supply contract awarded to its members since November 2022 under the Phase 1 of the NMMP.

FG, stop gas flaring, harness energy resources

Energy Worth2 years ago2 years ago010 mins

Gas flaring is associated with the burning of crude oil to extract petrol and other by-products. The fracking, or standard process of refining crude oil has contributed to environmental degradation and global warming.

AMEA Power completes US$1.1 billion deal to deploy 1GW of wind and solar energy in Egypt

Energy Worth3 years ago3 years ago16 mins

The landmark 500MW wind and 500MW solar projects, represent US$1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country.

World Bank to electrify Sub-Saharan Africa with Distributed Renewable Energy

Energy Worth3 years ago3 years ago28 mins

The World Bank with the Multilateral Investment Guarantee Agency (MIGA), the International Finance Corporation (IFC), and other development agencies will promote private investment in distributed renewable energy (DRE) systems to electrify targeted areas quickly and efficiently.

SEYCHELLES: A plant will convert solid waste into electricity in Mahé

Energy Worth3 years ago3 years ago03 mins

The future facility, which will convert solid waste into electricity, will be located on the island of Mahé, in the northeast of this archipelago located off the coast of East Africa.

Solar mini-grids could electrify a billion people by 2030 —World Bank

Energy Worth3 years ago3 years ago107 mins

The World Bank has been scaling up its support to mini-grids as part of helping countries develop comprehensive electrification programs.

World Bank Group exceeds new climate finance target – $31.7 billion in funding for climate action

Energy Worth3 years ago3 years ago114 mins

The World Bank Group is committed to supporting developing countries to mitigate greenhouse gas emissions and increase resiliency to climate impacts, while also meeting core development priorities. This is the central approach of the Bank Group’s Climate Change Action Plan, 2021-25, which is already delivering results.

What you need to know about results-based climate finance

Energy Worth3 years ago3 years ago410 mins

About 95 percent of international public climate finance is provided upfront before a project is operational. Results-based climate finance, on the other hand, is paid when results are achieved, and occasionally upon meeting interim milestones.