News
09 April 2020

AfDB finances Sao Tome energy transition project

In:
Manufacturing, Renewable energy, Traditional energy
Region:
Middle East & Africa

Sao Tome, the capital of Sao Tome and Principe, is set to receive $14 million from the African Development Bank to support the Energy Transition and Institutional Support Programme.

The broad objective of the proposed programme is to ensure sustainable development of STP’s power system and promote green growth, including by renovating the 1MW Papagaio hydroelectric plant in Santo António.

This will involve the diversification of the country’s electricity matrix by increasing power generation capacity based on renewable energy, increasing the reliability of power system, and promoting the sustainable and efficient use of electricity. 

The new programme will also allow the hybridisation of one of the main thermal power plants based in Santo Amaro, in the Lobata district of northeastern São Tomé Island, with the addition of a small solar power plant. It will also support the implementation of an energy efficiency programme.

You might also like


Video
26 May 2026

Bridging the Perception Gap: How ATIDI Supports Investment...

ATIDI has evolved from a political risk insurer into a Pan-African development catalyst - unlocking capital across infrastructure, energy, agribusiness and digital trade. This...

Perspective
29 May 2026

Imperative’s spekboom 2: A new capital stack for ecosystem...

Imperative’s second-phase spekboom project combines a four-investor carbon financing, a 14-year World Bank outcome bond and long-term offtake with Amazon. It points towards...