The joint team of validators from UNFCC and The World Bank have completed the due diligence on our 5MW Kigoma Power Plant. The plant will save approximately 10,500 tons of CO2 every year. The National Environment Management Council (NEMC), has awarded the Environment Impact Assessment Clearance Certificate for our 5MW Kigoma solar power project.
We are pleased to announce that NextGen Solar has been awarded financial support for select project development activities under the Tanzania's Energy Development & Access Expansion Project (TEDAP) program of The World Bank. NextGen Solar is now an official Private Sector Partner of US Government's Power Africa Initiative announced recently by President Obama.
NextGen Solar is one of the first private sector companies to be awarded project development financing under the US Africa Clean Energy Finance (ACEF) initiative. The Power Purchase Agreement has been signed with Tanzania National Electric Supply Company (TANESCO) for the Kigoma solar power plant.
We are pleased to announce that NextGen Solar has been awarded financial support for select project development activities under the Tanzania's Energy Development & Access Expansion Project (TEDAP) program of The World Bank. NextGen Solar is now an official Private Sector Partner of US Government's Power Africa Initiative announced recently by President Obama.
NextGen Solar is one of the first private sector companies to be awarded project development financing under the US Africa Clean Energy Finance (ACEF) initiative. The Power Purchase Agreement has been signed with Tanzania National Electric Supply Company (TANESCO) for the Kigoma solar power plant.
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NextGen Solar is a U.S.-based, renewable energy company focused on building and operating utility-scale, PV Solar power plants in sub-Saharan Africa, integrating a hybrid model of modern PV generation with existing legacy diesel plants. The objective of NextGen Solar is to bring plentiful, reliable and more affordable electricity by reducing the dependency on expensive fossil fuels, especially in remote rural areas.
The Carbon Finance Team from The World Bank along with Validators from UNFCCC have just returned from in Kigoma after completing their due diligence on our project. The Kigoma 5MW Solar Power Project has been selected to pilot the CDM PoA Green Generation program for Tanzania developed by The World Bank.
The Overseas Private Investment Corporation (OPIC) is the U.S. Government's development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad.
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