Africa's Hydropower Plants Could Receive $1 Billion for Upgrades

A dozen hydropower plants across Africa could receive $1 billion from the African Development Bank (AfDB) to upgrade equipment and boost power generation and potentially speed up the transition from fossil fuels, an official AfDB told Reuters on Monday. Twelve projects in South Africa, Nigeria, Sudan, Zambia, Angola, and the Democratic Republic of Congo are expected to benefit from the funding. The upgrades to the hydropower plants are set to “accelerate the energy transition” away from fossil fuels, according to João Cunha,…