Etty Ekolan Alain won the the top prize
for its project Ivoire Hydro Energy
at the second edition of West Africa Forum for Clean Energy Financing (WAFCEF).
Based in Ivory Coast, Ivoire Hydro Energy is a start-up that aims to design, construct and operate a 44-megawatt hydro power plant on the country’s Bandama River operating under a concession agreement signed with the government to solve the energy challenges in the country. It was selected among 10 other finalists.
The WAFCEF 2015 featured clean-energy projects selected in a West African regional business plan contest. Burkina Faso,
Ghana, Ivory Coast, Nigeria and Senegal were the countries with start-ups selected. The projects cover green technologies involving biofuels, biomass, biogas, hydroelectric, solar and conversion of waste-to-energy. They represent an aggregate investment of just under $500 million and a greengouse gas mitigation potential of about 920,000 tons of carbon dioxide per year.
WAFCEF2 was held alongside a high-level consultative meeting towards a New Deal on Energy for Africa. The two-day meeting was convened by African Development Bank President Akinwumi Adesina at the bank’s headquarters in Abidjan.
More Stories
- African Union and Ecowas Address Terrorism, Coups, and Extremism in Joint Consultation Meeting
- African Development Bank Executive Director and Sudanese Envoy Discuss Crucial Support Amid Ongoing Conflict
- Commonwealth Parliamentary Association St Helena Branch To Host 53rd British Islands And Mediterranean Region Conference
- Nigeria's Economic and Financial Crimes Commission argues against bail for Binance executive
- Facing Peste des Petits Ruminants (PPR) in West Africa Through Vaccination Campaigns
- Advancing Women’s Leadership in Peace and Security: ECOWAS Holds Inaugural Regional Steering Group Meeting
- Regional Capacity Building Workshop for ECOWAS Energy Directors on Green Hydrogen
- ECOWAS Convenes West African Epidemiology Network on Drug Use (WENDU) Workshop to Validate Data and Address Regional Drug Abuse Challenges, Affirms Support for Sierra Leone
- African Development Fund Provides Credit Guarantee to Support Green Initiatives in Rwanda
- President Boakai Nominates Additional Officials To Government