AfDB to grant ECOWAS $2 mln in support of electricity reforms

Thursday, 30 June 2022 13:38
AfDB to grant ECOWAS $2 mln in support of electricity reforms

(Togo First) - The African Development Bank (AfDB) will back electricity reforms in the Economic Community of West African States (ECOWAS) with $2 million. The Board of Directors of the African Development Fund–AfDB’s concessional window–approved the facility, a technical assistance grant, on June 24 in Abidjan, according to a statement relayed by Ecofin Agency.

The money, which will go to the ECOWAS Regional Electricity Regulatory Authority, will help boost cross-border electricity trade and improve energy access in the 15 ECOWAS States, including Togo. 

The initiative is divided into five components, including work on the regulatory framework and performance indicators used by the AfDB to assess the sector, as well as a study that will assess electricity tariffs in the region.  

"Ultimately, this project will facilitate regional electricity trade and help improve access to electricity," said Solomon Sarpong, AfDB project team leader. "It will address major causes of fragility, such as infrastructure bottlenecks, youth unemployment, environmental challenges, gender inequalities, and regional development imbalances," he added. 

The grant covers approximately 6.1 million square kilometers with an estimated population of 360 million.

Ayi Renaud Dossavi

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