EU grants Togo CFA9.5 billion to boost electrification in urban areas

Thursday, 25 November 2021 17:06
EU grants Togo CFA9.5 billion to boost electrification in urban areas

(Togo First) - The European Union (EU) will allocate CFA9.5 billion to the PERECUT - a Togolese program aimed at boosting access to electricity in urban areas. The grant agreement was signed on November 23 in Lomé by Sani Yaya, Togo's Minister of Economy and Finance, and Rémy Rioux, Director General of the French Development Agency (AFD), on behalf of the EU. 

Adding this facility, the EU has so far poured CFA45.6 billion in the PERECUT which was launched in 2020. In detail, the three-year program plans for the laying of 190km of medium voltage networks, 1,660 of low voltage networks, and the construction of 371 MV/LV transformer stations. "The project will also support the Electrification for All Program through the provision of 58,000 additional meters," a statement on the Presidency’s website notes.

"The grant agreement of 14.5 million euros (9.5 billion CFA francs), which we have just signed with the AFD’s Director-General reflects the excellence of cooperation relations between the European Union and the Togolese Republic," said Sani Yaya.

"This European Union grant delegated to AFD complements the concessional loan of 40 million euros (26.2 billion CFA francs) granted by AFD and a KFW grant of 15 million euros (about 10 billion euros) for the implementation of the project," Yaya added.

The new support facility was spearheaded by a group of European institutions called the Europe Team. This coalition, which includes the European Commission's Directorate for International Partnerships, the AFD and the KFW (German Development Fund), aims to better coordinate the actions of the EU and its member countries for the benefit of developing countries. It has been carrying out a mission in Lomé for some days now.

"Without electricity, society and the economy lack dynamism. I am particularly proud that the Team Europe Initiative with France, Germany and the European Union has been able to contribute to this important project," said Dénis Koen, Director of International Partnerships at the European Commission. 

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