Approved this Thursday, the funding will support the construction of 65 photovoltaic solar energy mini-grids that will have "energy storage facilities that will power water collection, treatment and purification systems in four provinces in southern Angola", informs EXIM, in a statement to which VerAngola had access.
This project will increase "access to electricity and drinking water" in several provinces of the country that previously "had little access", as well as contributing to improving health, education and social well-being.
EXIM president Reta Jo Lewis said they are proud to approve this initiative, which she says will promote access to clean energy and drinking water in Angola: "We are deeply proud to approve this project, which will promote access to clean energy and drinking water in key regions of Angola", she stated.
"The approval underscores our firm commitment to championing renewable energy projects, supporting US exporters doing business in sub-Saharan Africa, deepening our economic relationship with Angola, and advancing the president's Partnership for Global Infrastructure (PGI) initiative Biden," she added.
"The transaction, involving ING Capital, Sun Africa and Omatapalo, is estimated to support 3,100 jobs in the USA", the note reads.
The loan now approved, according to the statement, is part of the "recent historic work" of that American bank in Angola, as it advances the "PGI initiative of the Biden-Harris administration, a collaborative effort by US government agencies to support sustainable, clean, resilient and inclusive infrastructure projects around the world", as well as also supports EXIM's "mandate to support renewable energy projects".
