World Bank to inject $150m into Mali’s electricity sector by 2025

The World Bank plans to inject $150 million by 2025 into Mali’s electricity sector. A financing agreement was signed in Bamako between Prime Minister Boubou Cisse and Soukeyna Kane, Director of World Bank Operations for Mali.

This funding is part of the Electricity Sector Improvement Project (PASEM) approved by the Bretton Woods Institution last June.

The support of $28 million IDA grants against $122 million IDA credits, is intended to improve the reliability and efficiency of the supply of electricity in Bamako, the capital, as well as the technical and commercial performance of Energy Mali (EDM), the national electricity company.

The disbursement will be spread over the next five years, with an initial disbursement of $2 million starting this year.

25,000 new households are expected to be connected to electricity and the current 400,000 customers, to benefit from safe and reliable electricity services, thanks to the improved performance of EDM, and the strengthening of the transmission and distribution of electricity. ‘electric energy.

Despite significant progress over the last decade, access to modern energy services in Mali remains low, particularly in rural areas. In 2017, the access rate to electricity rose to around 39% nationwide, far from the ratios of neighbors such as Senegal (64%) or Côte d’Ivoire (63%).

 

Source: AE-Africa

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