Togo will hold a roundtable June 27-28 to discuss ways to secure funding for its electrification strategy
Tuesday, 26 June 2018 14:33 
(Togo First) - With the support of International Finance Corporation (IFC), Togo’s government has adopted a national electrification plan. The initiative falls in line with the country’s goal to achieve SDG 7: providing reliable and cheap energy to all Togolese.
The initiative will require a global investment of 1,000 billion according to the Togolese minister of energy and mines, Marc Ably-Bidamon. These funds, the government plans to mobilize from various parties with 50% coming from private sector.
In fact, a roundtable with potential lenders and investors will be held next June 27-28, under the aegis of the ministry of energy and with the support of World Bank, GIZ, African Company for Biofuels and Renewable Energies (SABER).
EDF Energies Nouvelles, Engie, Siemens, Green Light Planet, Mekta, Bboxx, Fenix International and Sunna Design are the companies expected at the meeting. In addition to these international firms are some local and regional actors.
Other important figures expected at the event are Ségolène Royal, former French minister of Ecology, who represents ASI (Global Solar Alliance), and Amadou Hott, Vice-President of the African Development Bank.
The great interest shown by these parties attests to the attractiveness of Togo’s power sector, the government said.
Regarding the recently adopted strategy, it aims to develop more than 300 mini-solar plants via PPPs. An official launching ceremony will take place June 27, at Hotel 2 février, and will be presided by President Faure Gnassingbé himself.
Fiacre E. Kakpo
