INDUSTRY TRENDS

World Bank backs rural electrification in Togo with CFA40 billion loan

The World Bank (WB) will spend CFA39.7 billion in Togo for its Regional Emergency Solar Power Intervention Project (RESPITE).   The two parties signed the related loan agreement on February 21, 2023, in Lomé, Togo. 

Part of the funds, which will be provided through the World Bank’s International Development Association (IDA), will serve to build a 25 MWp solar plant with 40 MWh of battery storage in Dapaong.

Another part of the loan will be used to install 1,853 street lights and connect about 12,100 rural households. 

Besides Togo, the project will be implemented in Liberia, Sierra Leone, and Chad.   It will help boost access to energy in these countries where electricity costs are the highest in the West and Central Africa region.