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The United Nations Capital Development Fund (UNCDF) is currently accepting applications for Debt Funding to Strengthen Clean Off-Grid Energy Sector in Zambia.
UNCDF recognizes the challenges currently faced by the supply side of off-grid energy that includes increasing costs of operations, longer repayment terms required by end customers resulting in lock-up of working capital, and lately negative effects of the depreciating Kwacha (local currency).
Zambia’s Vision 2030 provides the following sector goals for energy: “Universal access to clean, reliable and affordable energy at the lowest total economic, financial, social and environmental cost consistent with national development goals by 2030”. Specific targets include:
- Abundant and reliable supply of affordable energy to both urban and rural areas. Increased renewable alternative sources of energy.
- Export-led energy industry.
- Reduce the share of wood fuel to 40 percent by 2030.
The deadline to submit applications for this program is 28-Mar-21.
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