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Wednesday, 09 March 2011

Pooling mechanism launced for EU-ACP Energy Facility

The Energy Facility Pooling Mechanism (PM) has been created to blend grants from the 10th EDF Energy Facility with loans from the EU multilateral and bilateral finance institutions to finance projects for access to modern, affordable and sustainable energy services in the ACP rural and peri-urban areas. The overall indicative amount made available under the PM is € 40.000.000 for the period 2010-2013. The Guidelines of the PM have been finalized and approved in September 2010.

Source: EU-ACP Energy Facility