AfDB Approves $5 Million in Grants to Set Up Super ESCOs in Three Countries

The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) recently approved a technical assistance grant of $5.03 million to implement the Africa Super Energy Service Companies (ESCO) acceleration program in Rwanda, Senegal and South Africa.  Super ESCOs are vehicles that channel funds into public sector energy efficiency investments such as hospitals, schools, and street lighting, paving the way for private investment. The acceleration program catalyzes private sector investments in energy efficiency by operationalizing Super ESCOs, thus stimulating the transition toward more sustainable and greener economies.  


The grant will support the training of a team to operate Super ESCOs and support private ESCOs in the three countries to develop their Energy Performance Contract services. Private ESCOs provide services to energy users to design and implement energy efficiency options.  The funding will also underwrite the development of harmonized regional certification schemes for ESCOs and energy service professionals, including energy auditors, managers, and energy savings measurement and verification professionals.  

Importantly, the acceleration program is paving the way for a successful implementation of downstream energy efficiency investment programs in which the African Development Bank, the Sustainable Energy Fund for Africa, and other stakeholders will invest.

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