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FinancialNews
24-03-18
UAE's ADFD to put USD17m in Seychelles energy projects
(MENAFN) Abu Dhabi Fund for Development (ADFD) is set to invest USD17.4 million the establishment of two renewable energy projects in the Republic of Seychelles.
"Since 1979, ADFD has shared outstanding relations with the government of the Seychelles. We have successfully financed development projects to the tune of AED399 million across various regions in the country," ADFD's director general Mohammed Saif Al Suwaidi declared.
The director general continued "our latest initiative to fund two high-potential projects in the Seychelles validates our sustained efforts to promote the widespread adoption of renewable energy in developing countries."
He added "the funding also reiterates ADFD's commitment to supporting the efforts of the government of the Seychelles in meeting the country's energy needs from sustainable resources."
MENAFN2403201800450000ID1096645434
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