Financing renewable energy projects: the World Bank signs an agreement with four countries in West and Central Africa : Orishas-finance

Version Française

Financing renewable energy projects: the World Bank signs an agreement with four countries in West and Central Africa

03/02/2023

Source : ORISHAS FINANCE

Categories: Sectors

imprimer

Financing renewable energy projects: the World Bank signs an agreement with four countries in West and Central Africa

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Intending to finance renewable energy projects, the World Bank signed an agreement with four countries in West and Central Africa worth $311 million.

The funds provided by the BM will finance approximately 106 megawatts (MW) of solar power generation capacity with energy and battery storage systems, and a 41 MW expansion of hydroelectric capacity. The countries benefiting from it are Sierra Leone, Liberia, Togo and Chad. They will also support electricity distribution and transmission interventions.

Selon le président de Sierra Léon Julius Maada Bio , having presided over the signing ceremony on Wednesday, February 01, 2023, the agreement was the start of a revolution in energy supply and access in the respective countries. In reality, West and Central Africa have one of the lowest electrification rates coupled with some of the highest electricity costs in sub-Saharan Africa. Like rising fuel prices, energy costs have increased further due to the effects of Russia's invasion of Ukraine in February 2022.

Provided by AWS Translate

0 COMMENTAIRE

Vous devez être membre pour ajouter un commentaire.
Vous êtes déjà membre ? Connectez-vous
Pas encore membre ? Devenez membre gratuitement

Dans la même rubrique

12/09/2025 - Secteurs

Salon vitrine Design & Build : l'innovation dans les domaines du design, de la construction et de l'immobilier au cœur de la 2e édition

11/09/2025 - Secteurs

Conférence-Exposition « Mauritanide 2025 » sur l’Énergie et les Mines : le vaste potentiel de la Mauritanie mise en valeur

11/09/2025 - Secteurs

Voir aussi

Stabilité économique : l'Afrique et le piège de la dette

12/09/2025 - Secteurs

NEWS FINANCIÈRES