Togo: Orabank, first bank to begin transition to green energy

Wednesday, 06 February 2019 18:52
Togo: Orabank, first bank to begin transition to green energy

(Togo First) - Whilst the banking sector in Togo is showing interest in promoting renewable energy and protecting the environment, the local subsidiary of Oragroup is the first to truly commit to a transition from fossil fuels to renewable energy.

The banking institution plans to deploy, at its Lomé-based headquarters, a PV system of 400 MW under a construction deal signed with Otamari. The project has a double-target which includes the implementation of a sun-powered autonomous energy production source and a gradual migration towards green energy.

Otamari group will be joined on this project by its German partner Solar3. Under its transition move, Orabank-Togo has already installed a 20 KW PV system at its Tsevie branch (36 km from Lomé via the national road 1).

Let’s note that Orabank’s migration to green power falls in line with the law promoting the production of energy based on renewable energies in Togo.

Séna Akoda

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