- The Islamic Development Bank has approved a €17.38 million loan for rural electrification in Togo.
- The Togolese government hopes to increase the national electricity access rate to 75 per cent by 2025.
The Islamic Development Bank (IsDB) has approved a €17.38 million loan for rural electrification in Togo. This project relies mainly on solar mini-grids provided by private companies.
The Islamic Development Bank (IsDB) financing was approved at its 342nd Board of Directors meeting in Jeddah, Saudi Arabia. It is a loan of 17.38 million euros for the electrification of rural areas of Togo through small autonomous solar power plants connected to mini-grids. These solutions are particularly appropriate for rural areas where the extension of the national electricity grid would be uneconomical.
The Togolese government promotes electrification via off-grid solutions through the CIZO Togo Rural Electrification Project (Pravost). Co-funded by the African Development Bank (AfDB), this project aims to provide electricity to 300,000 Togolese households. Through Pravost, the government hopes to increase the national electricity access rate to 75% by 2025 and 100% by 2030.