Togo and other African countries get $200 million from world bank to support off grid electrification

Investments
Thursday, 24 May 2018 16:40
Togo and other African countries get $200 million from world bank to support off grid electrification

(Togo First) - The World Bank has granted a funding of $200 million (about CFA110 billion) to 19 West African and Sahel countries, including Togo. This is in the framework of its Regional off-grid electrification project (ROGEP), which aims to provide beneficiaries support to foster a sustainable and scalable off-grid electrification market to meet the electrification needs of unserved populations (remote areas).

Under the project, standalone solar systems will be provided to households, public services, etc.

Funding allocated is divided into two parts. First is $60 million (about CFA33 billion) to organize the electrification market. And second is for a credit line of $140 million (about CFA77 billion) which will be used to support and develop supply and demand for off-grid solar systems. This component should interest solar equipment importers and distributors, as well as these equipment end-users, and households.

ROGEP is to be carried out for over five years, from April 2017 to August 2022. This in two distinct stages, namely: a one-year preparatory stage (already completed) and four years of effective implementation (ongoing).

Séna Akoda

togofirst mobile

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.