$1 Million Dollars to Fund Two Biomass Power Plants in Ghana And Sierra Leone
The Sustainable Energy Fund for Africa (SEFA) is providing a repayable grant of $1 million to NewAfrica Impact. The company will use this funding to carry out feasibility studies for two biomass power plants in Ghana and Sierra Leone.
NewAfrica Impact wants to build two biomass power plants in Ghana and Sierra Leone. The London-based portfolio manager has just secured a $1 million grant from the Sustainable Energy Fund for Africa (SEFA), a facility of the African Development Bank (AfDB) that supports the deployment of renewable energy in Africa. In Ghana and Sierra Leone, NewAfrica Impact will process wood waste for self-consumption.
The repayable grant from SEFA is intended to support technical feasibility studies and regulatory structuring of the projects.
For each power plant using agroforestry waste as fuel, NewAfrica Impact plans to produce 5 MW of electricity. The heat produced by the incinerators (10 MW) will be recovered to heat the wood processing machines.
Heat recovery
“The SEFA process has already improved the quality of our development work, including environmental impact assessments, and with the approval of the project, we will create a new and efficient solution to combine energy production for productive purposes and household consumption through mini-grids,” says Mads Asprem, managing partner of NewAfrica Impact.