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2024 SUBSIDY BREAKDOWN

Is there any subsidy for the Accra Energy Storage Station

Is there any subsidy for the Accra Energy Storage Station

Accra, Ghana, 18th June, 2024 – The World Bank has approved a $250 million credit from the International Development Association (IDA) and an additional $10 million grant from the Energy Sector Management Assistance Programme, to support a 4-year Ghana Energy Sector Recovery Programme for Results (PforR) to improve the financial viability of electricity distribution and increase access to clean cooking solutions. [pdf]

How much is the subsidy for the Mozambique energy storage project

How much is the subsidy for the Mozambique energy storage project

Financed by a $100 million grant from the World Bank’s International Development Association and supplemented by an additional $31 million from the Mozambique Energy for All Multi-Donor Trust Fund—comprising $13 million from the Government of Sweden and $18 million from the Government of Norway—the project aims to transform the lives of households, businesses, and health and education facilities across urban, peri-urban, rural, and deep rural areas. [pdf]

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