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Guinea,United Arab Emirates : ADFD extends $18 million supporting power supply in Guinea
Publish Date : 26-Jul-2017
From the $90 million (AED 330 million) Abu Dhabi government grant allotted for development projects across Guinea in 2013, $18 million (AED 66 million) has been allocated by Abu Dhabi Fund for Development (ADFD) for the construction and operation of the centre.
This grant would likely strengthen socio-economic development all over the country apart from helping to expand electricity supply for nearly 10 million Guineans. The Funds contribution will cover 80 per cent of the total cost of the project.
H.E. Mohammed Saif Al Suwaidi, Director General of ADFD, said, ADFD is proud to support the Guinean government with this new strategic project. This latest endeavour is part of the Funds tailored energy portfolio for the West African region. Previously, ADFD contributed more than $20 million towards the construction of two power stations, Tombo I and Tombo II, in the Guinean capital, Conakry. Both stations are now complete and produce about 60 megawatts of energy in total.
He added, ADFDs support for the National Dispatch Centre re-affirms the Funds commitment to financing projects that elevate living standards, promote sustainable socio-economic growth and equip Guinea with a reliable national grid capable of supplying, transmitting and exchanging electricity across the region.
The leading national entity in development aid, Abu Dhabi Fund for Development (ADFD), was present during the official cornerstone-laying ceremony of Guineas National Dispatch Centre. His Excellency Alpha Conde, President of Guinea, and His Excellency Mamady Youla, Prime Minister of Guinea also graced the occasion.
Saeed Al Dhaheri, Director of Finance at ADFD, led the delegation representing the Fund at the ceremony. His Excellency Abdullah Al Hammadi, UAE Ambassador to Guinea, and several high-ranking Guinean officials were also present.
