Kyoto, Japan [RenewableEnergyAccess.com] Kyocera Corporation has announced that it will supply and install its solar power generating systems in the Republic of Tunisia under a yen-loan project by the Japanese government. This will be the first time that yen loans will be applied to the delivery and installation of photovoltaic power (PV) systems.
Starting in April 2008, Kyocera will install its solar power generating systems for 500 households in villages that do not currently have electricity in the three Tunisian governorates of Kef, Siliana and Beja. These systems will charge storage batteries using power generated during daylight hours and make the power available for residential lighting and other needs at night.
Yen loans are a form of official development assistance provided by the Japanese government. They are a mechanism for lending development funds to developing countries at low interest on a long-term basis. Yen loans are designed to help developing countries stand on their own economically as they strive to become self-reliant.