BOAD and ABREC looking to partner to boost renewable energy development in West Africa

Energy
Wednesday, 11 November 2020 14:35
BOAD and ABREC looking to partner to boost renewable energy development in West Africa

(Togo First) - The West African Development Bank (BOAD) is exploring with the African Biofuel and Renewable Energy Company (ABREC) a potential partnership to advance the financing of clean energy projects.

To this end, the BOAD’s chairman, Serge Ekue, and ABREC’s CEO met on November 10. According to Ekue, their talks were conclusive. 

ABREC promotes the use of renewables and energy-efficient technologies in West Africa. Founded with a share capital of more than CFA2 billion, the company’s main mission is to make it easy for investors to inject funds into projects aimed at boosting Africa’s resilience to climate change. 

Séna Akoda

 
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