Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
Announced at the eighth session of the Irena Assembly, the two projects are being financed through the fifth funding cycle of the Irena/ADFD project facility. Established in 2013, the seven-cycle programme offers $350 million to assist developing countries in accessing low-cost capital for renewable energy projects.
Since 2014, ADFD has allocated $214 million to 21 projects, attracting over $420 million in co-financing from governments and development funds.
Adnan Z. Amin, director-general of Irena, said: "For developing countries, renewable energy is a triple win: It offers a cost-effective means of supplying electricity to families, fuels economic growth and supports energy independence and security. However, many developing countries have trouble accessing funding for renewable energy projects. Our continued partnership with ADFD will provide a stable, low-cost source of financing to help Mauritius and Rwanda achieve a sustainable energy future."
Mohammed Saif Al Suwaidi, director-general of ADFD, said: "ADFD's collaboration with Irena aligns with the Fund's core mandate of supporting sustainable socio-economic development across developing countries through financing projects that serve vital economic sectors. The ADFD places high priority on renewable energy as a catalyst of inclusive development."
- business@khaleejtimes.com
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks