Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Togo and AMEA Power (United Arab Emirates) signed a financing agreement protocol on Saturday in Dubai for the expansion of the Blitta photovoltaic power plant.
Faure Gnassingbé with the official Togolese delegation during the ceremony.
Togo and AMEA Power (United Arab Emirates) signed a financing agreement protocol on Saturday in Dubai for the expansion of the Blitta photovoltaic power plant.
The ceremony took place in the presence of President Faure Gnassingbé.
The document was signed by Mawunyo Mila Ami Aziablé, Minister Delegate to the President of the Republic in charge of Energy and Mines, and Hussain Jasim Al Nowais, CEO of AMEA Power.
The plant will have an additional capacity of 30 MW and additional battery storage of at least 10 MWh, bringing its production capacity from 70 MW to 100 MW.
Named after the UAE President, Mohammed ben Zayed Al-Nayane, the plant will be able to provide clean energy to 158,000 households, serving nearly 790,000 people.
This project exemplifies Togo's ambitions to increase its rural electrification rate to 50% by 2025.
The country's goal is to achieve 50% renewable energy in the energy mix by 2030 and reduce emissions in this sector by 8% by 2025.
AMEA Power is also developing similar projects in Djibouti and Tunisia.
In Togo, the company benefits from financing from the International Finance Corporation (IFC, World Bank Group) and the African Development Bank (AfDB)."
Reporting by Dan Vouli
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
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