AfDB urges Togo and other countries to use its clean power financing tools

Energy
Friday, 01 February 2019 18:11
AfDB urges Togo and other countries to use its clean power financing tools

(Togo First) - From January 28 to 30, 2019, Guinea Conakry hosted the West Africa regional meeting of the Africa Renewable Energy Initiative (AREI). Abass Aboulaye, Togo’s director of energy, represented his country at the event.

At this occasion, the AfDB which organized the meeting presented to participants available financing tools revolving around climate or energy, especially in regards to access to sustainable energy for all.

The pan-African bank reaffirmed its support to actors involved in the various African initiatives aiming at ensuring the continent’s energetic transition. In line with the meeting’s goals, the bank urges concerned actors to strive towards an even development of renewables and better access to sustainable energy for all.

In the related communiqué, the Togolese representative mentioned progress made by his nation in terms of renewable energy. He also presented the country’s energy policy, highlighting strong points of its electrification strategy.

Besides Togo, representatives of 14 other West African nations, AREI’s institutional partners (IRENA, ECOWAS, ENDA), and West Africa’s regional entities attended the event. There were also representatives of multilateral organizations and initiatives operating in the clean power sector, representatives of the private sector, etc.

Let’s note that the AREI received from international partners a €10 billion financing covering the 2015-2020 period, in addition to a €1.5 billion subsidy.

Séna Akoda

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