Browsing: Electricity in Burkina Faso

Burkina Faso bags $450m to increase access to electricity

The government of Burkina Faso and the US government’s Millennium Challenge Corporation (MCC) signed a $450 million compact agreement to address low access to electricity in the country.

The compact deal will invest in the power sector to broaden and sustain the country’s economic growth.

“We are marking a new chapter in the partnership between the United States and the people of Burkina Faso with the signing of this second MCC-Burkina Faso Compact,” said Sean Cairncross MCC CEO.

“This compact will address the high cost, poor quality, and low access to electricity in Burkina Faso and will also support the country’s increased participation in regional power markets and the development of a potential MCC regional investment.” He added

In addition to the $450 million pledged by the MCC for the second compact, Burkina Faso’s government pledged to invest $50 million toward the compact’s projects.

An estimate of 8 million people …