WADB grants 41 million USD loan to expand electricity power station in Burkina Faso
28 January 2011
The West African Development Bank (WADB) has signed a loan agreement with the government of Burkina Faso as partial financing for a project to increase the capacity of the power station in Komsilga.
The signing took place Saturday January 22 January 2011 in the presence of the Minister for the Economy of Burkina Faso, Lucien Bembamba and of the President of the WADB, Abdoulaye Bio Tchaneen, says a press release from the WADB, reported by the newspaper Le Pays.
The loan, which amounts to 41.8 million dollars, will partly finance this project, which consists of providing better coverage by the network and securing the electricity supply across the country, in particular at Ouagadougou.
The power station, the total cost of which comes to 76.2 billion USD, will benefit from two diesel groups, each of 18 MW, using heavy fuel.
October 15 last, the WADB had granted a total of 20 million USD for this project and 31.3 million USD to increase the production capacity of the Bobo II power station.