The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, and Felix Moloua, the Minister of State in Charge of Economy, Planning and International Cooperation of the Central African Republic (CAR), have signed an agreement to finance a public lighting project using solar energy in Bangui, the capital of CAR.
Supported by SFD through a soft loan, the project will light an extensive network of roads across Bangui, improving local infrastructure.
In line with SFD’s mission to empower disadvantaged people and communities in developing countries around the world, the project will light a network of roads spanning 70km.
As part of the project, state-of-the-art lighting poles and solar panels that provide clean and sustainable energy to ensure lighting is provided at the highest level of efficiency, and that encourage environmentally friendly technologies, will be installed in Bangui. Since 1985, SFD has financed five development projects in CAR by providing five loans worth more than $94m.
© Copyright IC Publications 2022 Provided by SyndiGate Media Inc. (Syndigate.info).