Page 11 - AfrElec Week 42 2021
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AfrElec RENEWABLES AfrElec
SWS to install 10 solar water
treatment units in Morocco
MOROCCO FINLAND’S Solar Water Solutions (SWS) for consumption. Additionally, the project aims
intends to build 10 solar-powered water treat- to prevent approximately 1,600 tonnes of haz-
ment units in the Guelmim Oued Noun region ardous waste from used batteries from being
in southern Morocco, according to a company released into the environment.
statement. “Our systems have a recovery rate of up to
SWS said it intended to work with Atlas 90%, which allows for environmentally friendly
Inclusive Partners, a local green solutions com- water purification and preserves scarce ground-
pany, to implement the project. The partners water sources,” SWS said in its statement.
will install the Finnish firm’s containerised solar The Finnish firm intends to finance this ini-
water treatment systems at multiple locations in tiative with a MAD5.2mn ($553,000) loan from
southern Morocco. Nordic Environment Finance Corp. (NEFCO).
The project is designed to reduce water short- The loan will be repaid over a maximum of five
ages in Morocco’s southern regions, which have years. The credit will cover the costs of manu-
been suffering from drought. The water treat- facturing, delivering and installing the plants.
ment plants are expected to reduce greenhouse
gas emissions by 57,000 tonnes, as they will use
solar power to purify water and make it ready
ITFC approves €100mn Murabaha
financing for Senegal
THE International Islamic Trade Finance The operation comes to support the Sene-
SENEGAL Corporation (ITFC) has approved a €100mn galese government’s efforts to ensure a steady
Murabaha financing to the Senegal National availability of electricity and provide the
Power Company (Senelec), in line with ITFC’s required energy for the development of all eco-
commitment to supporting the availability and nomic sectors while contributing to the SDG 7
affordability of electricity in member countries. “Affordable Energy” and SDG 8 “Decent work
The facility is purposed to cover almost 20% and economic growth.”
of Senelec’s financing needs to purchase refined
petroleum products, directly impacting the
production, transmission, and distribution of
electrical energy throughout Senegal, the ITFC
announced on October 20.
Week 42 21•October•2021 www. NEWSBASE .com P11
