West African states have inked a new deal with Israel aimed at boosting the region’s struggling power sector.
Leading Israeli solar power developer, Energiya Global, on Friday committed to a $1 billon green energy project for the 15-member Economic Community of West African States (Ecowas).
The company said the money will be invested in the next four years to develop solar projects in all the bloc’s partner states.
The deal is part of an Israeli-Ecowas development cooperation pact that is due to be signed this weekend by Israel’s Prime Minister Benjamin Netanyahu and Liberia’s President Ellen Johnson Sirleaf, the bloc’s chairperson, in Monrovia.
Mr Netanyahu is in Liberia on his second Africa visit as the Israeli nation seeks to increase its foothold on the continent. He is scheduled to address the opening session of Ecowas heads of state summit in Monrovia on Sunday.
“We are prepared to finance and build the first national demonstration solar projects in all Ecowas-affiliated member countries in order to promote political stability, social and economic development, as well as to transfer of knowledge,” said Mr Abramowitz.
Liberia will be the first to benefit with a project valued at $20 million. The commercial-scale solar field is billed to supply 25 per cent of the country’s power need and will be located at the Roberts International Airport in Monrovia.
The Israel-Ecowas pact also includes technological support in agriculture, water and fight against terrorism.
An Israel – Africa Summit is slated for October this year in Togo.