Browsing: Electricity in West Africa

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West Africa region received $465 million in funding from the World Bank for regional electricity access which will see countries in the region expand electricity to over a million people.

The World group approved the funds to the new Regional Electricity Access and Battery-Energy  Storage Technologies (BEST) Project which will increase grid connections to fragile areas, strengthen WAPP’s network operation with battery energy storage technologies infrastructure and build the capacity of the ECOWAS Regional Electricity Regulatory Authority (ERERA).

Through the project, countries in the Economic Community of West African States (ECOWAS) will enhance power system stability for 3.5 million people and increase renewable energy integration in the West Africa Power Pool (WAPP).

The project will pave way for increased renewable energy generation, investment and transmission across the West Africa region.

“West Africa is on the cusp of a regional power market that promises significant development benefits and potential for private …

World Bank funding to promote electricity trade in West Africa

The world bank Board of Directors approved $300 million in International Development Association (IDA) credits and grants to support reforms that will help promote electricity trade in West Africa.

Currently, only 50 per cent of the population in West Africa have access to electricity, and those who do, pay among the highest prices in the world which is more than double those of consumers in East Africa. The West Africa Regional Energy Trade Development Policy Financing Program (West Africa Energy PDF) seeks to do away with electricity trade barriers, which will support the competitiveness of firms, lower electricity costs for consumers and improve resilience and reliability of supply.

The West Africa Energy PDF supports a policy reform program being implemented by Burkina Faso, Liberia, Mali, Côte d’Ivoire, Guinea and Sierra Leone, to facilitate trade in cleaner low-cost electricity generated from gas, hydropower and renewable energy across borders. This is going …