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Burkina Faso: Boosting the production of energy infrastructure
The president of the West African Development Bank (WADB), Abdoulaye Bio-Tchane, announced the signing of two financing agreements, constituting the sixth of its kind between BOAD and the National Electricity Company of Burkina Faso (SONABEL). Burkina Faso has undertaken a major investment program of approximately 352 000 billion CFA francs(744 billion dollars) in 2025, to permanently secure power supply to the country through a modern and innovative grid expected to dramatically improve the lives of its residents.
The West African Development Bank (WADB) loan of 10 billion CFA francs is funded for strengthening the capacity of the “Komsilga” central with additional capacity of 36 to 40 MW and a second loan of 15 billion CFA francs for strengthening the capacity of the Bobo II central through the acquisition, installation and implementation of the 20 MW diesel-powered heavy fuel oil. The WADB investment in Burkina Faso has reached 194 133 billion CFA francs of which 37 768 billion CFA francs are invested in the energy sector. Globally, the energy Sector is in crisis throughout the sub region, with its recurring power shortages are undoubtedly harming people and national economies. With only an electrification rate of 17%, the countries of the West African Economic and Monetary Union (WAEMU) have therefore to work hard to accelerate access to electricity. This improvement of access of the populations to electricity is at the heart of the WADB. The Bank is pursuing its contribution to the works relative to the implementation of the Regional Initiative for the sustainable energy (IRED). Thus, the Heads of State have adopted a common vision with the objective to increase the rate of electrification to 80% by 2020 and to 100 % by 2030, within a vast market of exchanges of electrical energy integrated and harmonised in the sub-region of West Africa.