IFC to support Niger developing up to 50 MW of grid-connected solar power
Post date: 17/06/2021 - 08:46
The International Finance Corporation (IFC), part of the World Bank Group, and the Government of Niger announced a partnership under the World Bank Group's »Scaling Solar« program to develop up to 50 MW of grid-connected solar power, equivalent to roughly 20 percent of the country's current installed capacity. The project will help to power homes, schools, businesses, and hospitals in Niger, where most lack access to electricity.
Under the agreement, IFC, together with its sister organizations, the World Bank and the Multilateral Investment Guarantee Agency (MIGA), will work with the Ministry of Petroleum, Energy and Renewable Energy and the country's electricity utility, Société Nigérienne d'Électricité (NIGELEC), to attract private sector partners to develop, tender, and finance utility-scale solar power, quickly and affordably. Niger aims to generate 30 percent of its power through sustainable sources by 2035. »To achieve this goal, the use of solar energy will be critical,« said Mahamane Sani Mahamadou, Minister of Petroleum, Energy and Renewable Energy.
»Scaling Solar« is developed in partnership with the governments of Denmark, Korea, the Netherlands, United Kingdom, furthermore with the United States Agency for International Development (USAID)'s Power Africa, and the Private Infrastructure Development Group (PIDG). The initiative helps governments procure and develop privately funded, grid-connected utility-scale solar projects to produce electricity at competitive tariffs. Senegal and Zambia have successfully commissioned plants under the »Scaling Solar« program. Other countries in the pipeline are Afghanistan, Côte d'Ivoire, Madagascar, Togo, and Uzbekistan.