Southern Africa
Angola Secures US$1.4 Billion Loan To Build 48 Mini-Grids
Standard Chartered has a long record of providing ECA-backed financing to Angola.
Angola’s Ministry of Finance has secured EUR 1.29 billion (US$1.4 billion) in financing from the UK's Standard Chartered to construct off-grid electricity infrastructure.
The loan will fund 48 hybrid photovoltaic generation systems with energy storage, which act as mini-grids, benefiting more than 200,000 households in 60 communities that are not connected
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