The eight solar photovoltaic farms to be constructed as part of the US$83.3 million solar project financed by payments from Norway will save an estimated US$9.11 million annually, according to the project’s Envi-ronmental and Social Manage-ment Framework (ESMF).
On Tuesday, the government announced that it had sealed a deal with the Inter-American Development Bank (IDB) for 33 megawatts (MW) of solar power financed by US$83.3 million in funds from Norway derived from the ground-breaking forest protection accord signed between Georgetown and Oslo in 2009.
The Finance Ministry in a press release said that investments will be made in solar photovoltaic plants as follows:
