ADB: new financing agreements for electrical infrastructures in Burkina Faso and Cameroon
21 September 2010
The African Development Bank has just signed an agreement with Burkina Faso for a grant of 39 million dollars to finance a project for the development of electrical infrastructures and rural electrification.
According to Mme Cheikhrouhou, representative of the ADB, "the project should undeniably contribute to the government's aim to increase the rate of access to electricity in the country from 18 percent in 2007 to 60 percent by the end of the project, in 2014", reports a press release by the institution.
The project consists of the renovation and extension of 1800 km of medium/low voltage, the construction of about 20,000 branch lines and 750 street lighting units. Almost 150 localities are affected, with a total population of 800,000 inhabitants.
Wednesday September 15, the African Development Fund (ADF), the concessional window of the African Development Bank, approved a loan to Cameroon of 47.79 million dollars.
This relates to a project to reinforce and to extend electrical networks for the benefit of 423 localities, which as yet have no supply.