- BOAD commits over €38 million for solar plant construction in Togo.
- The plant will have a capacity of 42 MWp.
The West African Development Bank (BOAD) is set to finance the construction of a solar photovoltaic power plant in Awandjelo, Togo. It is providing the sum of €38 million.
The project aims to build a solar photovoltaic power plant with a capacity of 42MWp. The plant, to be connected to Togo’s national electricity grid, is being implemented under a public-private partnership (PPP). Although the identity of the independent power producer (IPP) responsible for the construction of the installation is not yet known, it is known that Awandjélo is one of the two localities selected by the Togolese government and the International Finance Corporation (IFC) for the implementation of the “Scaling Solar” programme in Togo.
The “Scaling Solar” programme organised by the IFC, the subsidiary of the World Bank Group responsible for private sector financing, is also being implemented in Niger, Ivory Coast and Senegal. The programme aims to encourage private companies to invest in solar power to supply energy to the national electricity network of the country concerned, and to ensure the rapid execution (two years at the most) of the electricity projects, thanks in particular to PPPs.