The United Nations has provided more than US$5.2 million to São Tomé and Príncipe to finance a “sustainable development” project in the archipelago – announced the UN representative in São Tomé, José Salema.
The United Nations support for the project was formalised in a document signed by the representative and the São Tomé Minister of Environment and Natural Resources, Carlos Vila Nova.
Lasting five years, the project beginning in February of this year seeks funding for forest management and prevention of risks and disasters as well as improvement of “clean” energy by assembling mini-hydroelectric facilities in community areas of the country.
Salema said the project would include a guarantee fund that will stimulate private investment on the basis of a stable energy system aimed at promoting eco-tourism, agriculture and fisheries. (macauhub/ST)