“The implementation of the PEPT programme has proved decisive in improving access to electricity for disadvantaged people in rural and urban areas of Ivory Coast: explains Zahalo Silué, chairman of the PEPT fund management committee. Under this initiative launched by the Ivorian government in October 2014, each household pays 1,000 francs (less than €2) for connection to the electricity grid, instead of 150,000 francs, more than €228.
The PEPT fund finances the remaining amount of the connection cost, around 149,000 francs (around $227), by offering the customer financing that can be repaid over a period of between 2 and 10 years. This strategy has enabled Ivory Coast: to increase the rate of access to electricity for its population to over 71% by 2021, according to the World Bank. To date, the PEPT programme has enabled 1.6 million households to be connected to the electricity networks. According to the IFC, the proceeds of the recent social bond will help to increase the rate of access to electricity by at least 13% over the next four years.
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