This is promising!! Gridworks To Invest $50 Million In Virunga Power To Ramp Up Run-Of-River Hydro Projects Across Several African Countries
, a leading rural electric utility on the African continent that develops, invests in, and operates distributed renewable power generation and grid distribution projects, has a strong focus on run-of-river small hydro generation between 1 MW and 20 MW installed capacity. Virunga has built a pipeline of these mini hydro projects in several East and Southern African countries including Burundi, Malawi, Zambia, and Kenya.
As more of these villages get electrified, it presents a great opportunity to enhance communication and transport services. Enhanced telecommunication services will facilitate financial inclusion through mobile money services in these villages. There is now a growing electric mobility sector in the region centered around electric motorcycles and tuk-tuks.
Brian Kelly, CEO of Virunga Power, said: “We’re thrilled to be able to announce this transformational investment from Gridworks. An investment of this magnitude validates the approach we take to bringing clean and affordable power at scale to rural areas. Our pipeline and portfolio of utility projects continues to grow, and we will use the capital and expertise from Gridworks to expand electricity access and drive economic and industrial growth in communities across the region.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$50 to Watch Your Child’s Dance Recital? YesExcited for your child’s dance recital? It’s not just the pirouettes that will leave you spinning. Some performances now cost $50 a ticket or more and include VIP sections.
Read more »
Envision AESC To Invest $810 Million In South Carolina GigafactoryEnvision AESC announced that it will invest $810 million to build a new battery factory in Florence, South Carolina.
Read more »
Mega Millions, Powerball at $623 million combined; Sunday’s Ohio Lottery resultsThe Mega Millions jackpot is $465 million and the Powerball jackpot is $158 million.
Read more »