 Left Rudy Provoost (CEO Lighting) and right Minister Bert Koenders (Development Cooperation)
Amsterdam, The Netherlands – Today Philips (NYSE: PHG, AEX: PHI) signed a public private partnership agreement with the Dutch Government, which will see the development of a new generation of sustainable – solar powered lighting solutions for Sub-Saharan Africa. As part of the agreement the Dutch government will provide funding for awareness creation, entrepreneurial training, as well as support for finance mechanisms and project management. Philips in turn commits to provide a balanced investment in new product development for African people and households deprived of access to modern energy services.
The new PPP agreement aims to provide 10 million people in 14 countries in Sub-Saharan Africa with affordable, appropriate and sustainable energy solutions and services by 2015. These solutions will involve state of the art LED lighting solutions.
Gerard Kleisterlee, President and CEO of Philips said in a recent speech, ‘The rural lighting markets for low income people in developing countries, is not very well known or explored. It is essential that governments and international organizations such as the NGO’s, World Bank, and various companies get together in a network to work out appropriate business models’.
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