BOAD approves XOF7 billion financing for Blitta power plant

Energy
Friday, 20 December 2019 12:59
BOAD approves XOF7 billion financing for Blitta power plant

(Togo First) - The board of the West African Development Bank (BOAD) held last Wednesday its 115th ordinary session, in Dakar. On this occasion, the bank approved partial financing of many projects submitted by the States and other economic actors of the West African Economic and Monetary Union (WAEMU). 

Among these is the project for a 30 MWp solar plant in Blitta, Togo. The project thus secured XOF7 billion from the BOAD. 

The infrastructure, which was to be initially built in Dapaong, mobilized the participation of the Abu Dhabi Fund and AMEA POWER. 

Funds promised by the BOAD will partly be used for the construction, operation, and maintenance of the plant. The project will be developed under a public-private partnership, with a 25-year concession issued to the operating company. After this period, it will be ceded to the State, specifically power utility, CEET. 

Let’s recall that the Blitta plant will be the first of four with the same capacity, planned under the 2018-2030 national electrification strategy. 

Séna Akoda

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