Ivory Coast mobilizes $85m to connect 400,000 households to electricity grid

“ The Ivorian government has just mobilized 50 billion CFA francs ($ 85 million) from donors as part of its Electricity for All Program (PEPT), which will reach 400,000 households in 2019 and 2020” . This was announced by the Ivorian Minister of Petroleum, Energy and Renewable Energies, Abdourahmane Cissé during a session of the Committee on Economic and Financial Affairs of the National Assembly.

This amount has been mobilized from several donors. These include the World Bank, the European Union and the French Development Agency (AFD), which contributed 35 billion FCFA (approximately $ 59.3 million), as well as the African Development Bank ( AfDB) which raised financing of CFAF 15 billion (approximately $ 25.4 million).

This investment will connect 400,000 households in 2019 and 2020, to reach one million households that will have benefited from PEPT at the end of 2020 in Côte d’Ivoire. “  In the last few years, a lot has been done. We have more than doubled the number of electrified localities. The coverage rate, which represents the percentage of electrified localities in the total number of localities in Côte d’Ivoire, was around 33% in 2011,  “said Abdourahmane Cissé, adding that ” we want to reach 80% in 2020  ”. .

Note that the PEPT is a government initiative that allows Ivorian populations to have access to electricity by paying only 1000 FCFA (about $ 1.69) instead of 150 000 FCFA ($ 254).

 

Source: Agence Ecofin

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