electricity demand will triple in the next five years and the government is looking to meet the challenge, not by burning more diesel and heavy oil, but through natural gas and hydropower.
With the rolling out of the project now, as the Vice- President explained, no equity contribution from the government is needed. Previously, the government was expected to contribute US $100 million, which the $80 million earned was earmarked for.
On Monday, the Vice- President said that the $80 million sum will now be used for “large solar farms” to be implemented before 2024. No further details were provided.
