AfDB to support Burkina Faso’s solar program with €48,82 million
Post date: 09/12/2019 - 16:41
The Board of Directors of the African Development Bank (AfDB) has approved a €48.82 million ($53.99 million) loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply. Yeleen, which is to be implemented under the Bank’s Desert to Power ( DTP) Initiative, and which will span a period of five years from 2020 to 2024, is the second project under the DTP initiative in Burkina Faso. The total project cost is estimated at €136.69 million. The rest of the financing for Yeleen is provided by Agence Française de Développement (AFD), European Union (EU), and Société Nationale d'électricité du Burkina Faso (SONABEL).
The electricity access rate in Burkina Faso is one of the lowest in Africa at around 21 percent at national level in 2018. Upon completion, the project will increase and diversify electricity supply through the construction of four new 52 MW PV plants and extend power distribution networks to connect 30,000 new households, or about 200,000 people. It will increase Burkina Faso’s generation capacity by 15 percent, which will help to reduce Burkina Faso’s reliance on fossil fuel imports.