Israel pledges $1b in solar energy to ECOWAS members

APA-Monrovia (Liberia)

Under a Memorandum of Understanding signed between Tel Aviv and the West African regional grouping ECOWAS, Israel’s leading solar developer will invest $1 billion over the next four years to advance green energy power projects across the 15 member states of the bloc.

“We are prepared to finance and build the first National Demonstration Solar Projects in all ECOWAS-affiliated countries in order to promote political stability and social and economic development, as well as to advance knowledge transfer,” a statement from Yosef I. Abramowitz, CEO of Energiya Global of Israel seen by APA on Sunday said.

Energiya Global and its associated companies developed the first commercial scale solar field in sub-Sahara Africa in Rwanda, which today supplies 6 percent of the country’s power.

The group broke new ground for a similar power plant in Burundi, which will supply 15 percent of that country’s power by the end of the year.

The solar group has fields at various stages of development in ten African countries and expects to announce its full program at the Israel-Africa Summit in Togo at the end of October this year, the statement from Energiya Global said.

Details about Israeli's energy concession to Ecowas comes shortly before Prime Minister Benjamin Netanyahu is scheduled to address 15 West African heads of state meeting in the Liberian capital Monrovia on Sunday to discuss issues of regional concern including closer economic integration, Morocco’s application to the grouping and a state of the bloc’s finances among others.

A working session between ECOWAS, representatives from Israel and Abramowitz takes place in Monrovia Monday to plan for the deployment of the green energy investments in fulfillment of the MOU signed by Prime Minister Netanyahu and the President of ECOWAS.

“With 600 million Africans without electricity, Israel can literally help African heads of state bring power to the African people” said a member of Knesset Avraham Neguise, chairman of the Israel-Africa Caucus of the Israeli Parliament, who is accompanying Prime Minister Netanyahu.

“Israel is coming back to Africa. The Prime Minister will announce, and will outline the technological innovations in agriculture, water, green energy and more that can support economic development in West Africa,” he added.

“We look forward to working with ECOWAS to deploy $1 billion over the next four years, starting with this first investment of $20 million in Liberia by Energiya Global” he added.


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