28 Nov 2016, Gemma Gacho, EMIS Editor
Renewable energy development needs private sector aid
“The budget is not a large enough fund to reach the energy mix. The energy mix can only be achieved with the help of private sector investors,” Rida remarked.
But Ali Herman Ibrahim, chairman of the Private Electricity Producers Association (APLS), said that investors were hesitant to fund renewable energy projects due to red tape. “There needs to be a national consensus on developing renewable energy because sometimes companies find it difficult to get things signed off on in the regions,” he further added.
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