Six WAEMU nations, Togo included, will get €100M to boost their clean power utilization

Energy
Wednesday, 27 February 2019 18:01
Six WAEMU nations, Togo included, will get €100M to boost their clean power utilization

(Togo First) - On Feb 27, 2019, the board of Green Climate Fund (GCF) approved a €100 million financing for the BOAD to boost clean power utilization across the WAEMU, sources close to the regional bank revealed.

In effect, the monies will be used to implement the FP105 project in WAEMU’s six countries. The latter aim at de-carbonizing their energy mix and improving access to clean energy.

Through this project, the BOAD plans to provide least advanced francophone countries in West Africa (Togo, Benin, Burkina-Faso, Guinea Bissau, Mali, Niger), funds to reinforce their actions relating to the transition from fossil energy to renewables.

For Togo which aims for renewables to contribute 50% of its energy mix by 2030, it should present multiple projects to capture a substantial portion of the GCF facility.   

Séna Akoda

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