KATHMANDU: The Abu Dhabi Fund for Development (ADFD) on Sunday announced providing USD 10 million assistance to Nepal to for generating electricity from the waste.
The ADFD made the announcement at the International Renewable Energy Agency (IRENA) Assembly held in the United Arab Emirates (UAE) in which Nepal’s Minister for Energy Barsha Man Pun is participating leading a Nepali delegation.
A press statement issued by ADFD said that a project in Nepal will receive an ADFD loan of US$10 million to support a total of 20 biogas digesters which will serve as demonstration units to 270 municipalities.
The statement added that the digesters will convert organic waste into useful energy and offset the use of fossil fuels by replacing it with renewable natural gas.
Minister Pun, meanwhile, thanked the ADFD for pledging the aid.
Nepal, however, is not only the country to receive aid from the ADFD.
A total of USD 105 million from the Irena/ADFD Project Facility will also be used for eight renewable projects in developing countries including Nepal.
The fund will mainly be used for developing solar, wind, waste-to-energy and biogas projects in Nepal, Burkina Faso, Chad, Cuba, Antigua and Barbuda, the Maldives, St Lucia, and St Vincent and the Grenadines.
According to the statement, the amount was the highest annual contribution from the initiative, which has provided some $350m of finance to renewable projects in developing nations over the past seven years.
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