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Financing energy projects: a round of donors held on Friday

03/12/2024
Source : ORISHAS FINANCE
Categories: Sectors Companies

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Funders, financial institutions and the private sector met on Friday at a roundtable discussion. The opportunity allowed the World Bank to announce its commitment of 820 million dollars (508,605,000,000 FCFA), including 370 million (229,929,000,000 FCFA), already available, in order to connect 4 million people to electricity

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World Bank funding will be directed to the development of essential infrastructure, including electrical interconnection, water storage, and the improvement of network digitization. Adama Moussa, representative of the African Development Bank (AfDB), announced for his part that approximately 260 million dollars (more than 161,265 billion CFA francs) that were invested in various projects between 2017 and 2022, allowing the electrification of 8,500 villages. He also added that there is a project to electrify 180 localities, under investigation, at a total cost of 130 million dollars, or more than 80,632,500,000 CFA francs. For his part, Oumar Tembely, from BOAD, welcomed the excellent cooperation between Côte d'Ivoire, its financing and development organization. He recalled that the banking institution is committed to Côte d'Ivoire as part of the financing of the 2021-2025 PND

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