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Home Business Banking & Finance

AfDB Group approves $6 million grant to kick off Desert-to-Power West Africa energy programme

4 years ago
in Banking & Finance, Energy, highlights, Home, home-news, latest News
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The African Development Bank (AfDB) Group has approved a $6 million grant to launch the initial phase of the Desert to Power West Africa Regional Energy Program.

Desert to Power is an initiative led by the Bank to transform the Sahel by harnessing the region’s abundant solar potential. The Sahel is the ecoclimatic and biogeographic realm of transition in Africa between the Sahara to the north and the Sudanian savanna to the south.

This was disclosed by the bank via a statement issued and seen by Nairametrics.

The grant funding, which was sourced from the African Development Fund’s 15 (ADF-15) Regional Operations Envelope, will go to the West African Power Pool (WAPP) to conduct pre-feasibility studies for the construction of the Sahel Transmission Backbone that will link regional solar parks in all five countries.

The Economic Community for West African States (ECOWAS) Centre for Renewable Energy and Energy Efficiency (ECREEE) will also receive financing to expand decentralized energy systems as part of an ECOWAS Regional Mini-Grid Program. The board approval was made on 1 July 2021.

What they are saying

The AfDB stated, “The financing will also help de-risk energy investments by preparing transmission infrastructure to link countries in the Sahel region and harness a larger share of electricity from solar power. This is expected to pave the way for power trading on a regional electricity market. The G-5 Sahel countries are Burkina Faso, Chad, Mali, Mauritania, and Niger.

“The Sahel Backbone is synonymous with the West African Power Pool’s drive to reinforce interconnectivity among the ECOWAS national power systems, increase coverage area beyond the ECOWAS geographical space and augment the component of renewable energy within the energy mix.”

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Secretary-General, West African Power Pool, Mr. Siengui Apollinaire Ki said. “The approval of funding by the African Development Bank represents a concrete step towards leveraging the solar potential of the Sahel region.”

Mr. Bah F. M. Saho, acting Executive Director of ECREEE, said: “The funding for the Desert to Power initiative will allow ECREEE to upscale efforts on clean energy mini-grids and improve the availability of locally qualified personnel through the certification of technicians.”

What you should know
  • The West Africa Regional Program will contribute to the overall target of 10,000 MW of new solar generation capacity, providing electricity access to 250 million people by 2030.
  • As the regional roadmap for Desert to Power takes shape, the initiative comes as a timely enabler for concerted and large-scale solar energy deployments in the G5 Sahel region, and it is expected to help accelerate the energy transition.

Source: nairametrics
Via: norvanreports
Tags: $6 million grantAfrican Development Bank (AfDB) GroupDesert-to-Power West Africa energy programEconomic Community for West African States (ECOWAS) Centre for Renewable Energy and Energy Efficiency (ECREEE)
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