world bank

It is expected to create new markets in the areas of efficient street lighting and industrial energy efficiency

The funding will help to strengthen the economy and minimise the climate impact

International support will help to continue solar development in the African country

The investments under the programme are expected to avoid 170 million tons of carbon dioxide being emitted

The loan will help strengthen the financial position of state-run Kenya Electricity Generation Company

That’s an increase on strong demand from consumers and restraint by oil producers, says the World Bank

The IFC, a member of the World Bank, will manage the funding from the EU and Germany

Two projects will have a total capacity of 60MW and are part of the Scaling Solar initiative

Three densely populated regions – Sub-Saharan Africa, South Asia and Latin America – are to be affected

Industrial companies will be able to use the fund to buy energy efficient products to reduce their power use