MCC approves new Energy Compact for Senegal

The Millennium Challenge Corporation (MCC) has just approved a new Energy Compact for Senegal. This agreement will see $550 million for the electricity sector and $50 million for stimulating economic growth and progress.

Funding for the power sector will support three projects, including upgrading and strengthening the country’s electricity grid, increasing access to energy for rural people, and building capacity, according to a statement from the MCC.

Funding can be started as soon as the compact is adopted by the US Congress. “This Compact will help Senegal develop its electricity infrastructure and strengthen its energy sector, transforming the lives of millions of people across the country,”said Tulinabo Mushingi, the US ambassador to Senegal.

Source: AE Africa

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