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AFWN2018
AFRICA FASHION WEEK NIGERIA

Wednesday, June 27, 2018

ECOWAS, Israel Agree on $1bn Renewable Project

Economic Community of West African States (ECOWAS) through the West African Power Pool (WAPP) has signed a deal with an Israel-based company, Gigawatt Global, to build renewable projects worth $1 billion dollars in the sub-region.

“This MOU signed with WAPP, is a powerful
metaphor to the West and the rest of Africa," said Ambassador of Israel to Nigeria and ECOWAS, Guy Feldman, adding: "It paves the way for future Israeli innovation, which when joined by visionaries and institutions can challenge anything and create hope for all."

The project is aimed at building trans-boundary green energy in the ECOWAS sub-region to enhance economic growth.

He explained that the initiative was conceived by the Israeli Prime Minister, Benjamin Netanyahu, on June 5, 2017 in Liberia, in the bid to strengthen Israel ties with Africa.

 Feldman said he had had a meeting with stakeholders in the African energy sector to explore solar fields in 10 African countries. 

“The deal will build the West Africa Power Pool and create a regional electricity system.

“The deal builds on an agreement by the US and Israel, December 4, 2017, where the two governments pledged to work together to reduce energy deficit in Africa." 

 ● NAN 

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