News

Guinea Bissau secures $45M loan from BOAD to build 22MW PV power plants

Guinea Bissau secures $45M loan from BOAD to build 22MW PV power plants
  • Comments   -   Wednesday, 04 October 2017 - 09:33

(Ecofin Agency) - The West African Development Bank (BOAD) has granted Guinea Bissau a CFA25 billion (about $45 million) loan to boost its power production capacity. The funds will serve to build a 20MW PV solar power plant in the capital city, Bissau.

Moreover, two mini-PV plants of 1MW each will be constructed in Gabu and Canchungo with part of the financing, a statement released by the bank indicates.

“The project’s development will allow around 500,000 people to have access to electricity and reduce greenhouse gases emissions by 24,100 tons,” said the minister of energy, in this regards.

Let’s recall that in March, this year, the BOAD had already provided the country $24 million to connect 350,000 people to the national power grid, through the latter’s expansion. Guinea Bissau has an electrification rate of about 22%. 

Gwladys Johnson

SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
In Cape Verde, the council of ministers has adopted a budget of...
Read more |  20 October 2017
In 2016, the current deficit of West African Economic and Monetary Union’s...
Read more |  20 October 2017
Endeavour Mining has announced on Thursday that its Houndé gold mine in...
Read more |  20 October 2017
From 2006 to 2016, Africa’s annual inflation rate has more than doubled,...
Read more |  20 October 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-10-14 08:19:56' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-09-21 08:19:56' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-10-21 08:22:41' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
listofid2=37620,37619,37618,37617,
reference=37620,37619,37618,37617,0
For some time now, Ghana has been recording, besides those from the...
Read more |  20 October 2017
“In the weeks and months to come, we will, with the help...
Read more |  19 October 2017
Ghana’s Cocoa Board (Cocobod) is currently in talks with Exim Bank China...
Read more |  19 October 2017
Morocco’s gross domestic product (GDP) at current prices, should reach $121.427 billion in...
Read more |  19 October 2017
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
Endeavour Mining has announced on Thursday that its Houndé gold mine in...
Read more |  20 October 2017
From 2006 to 2016, Africa’s annual inflation rate has more than doubled,...
Read more |  20 October 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-10-14 08:19:56' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-09-21 08:19:56' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-10-21 08:22:41' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
For some time now, Ghana has been recording, besides those from the...
Read more |  20 October 2017
“In the weeks and months to come, we will, with the help...
Read more |  19 October 2017
Ghana’s Cocoa Board (Cocobod) is currently in talks with Exim Bank China...
Read more |  19 October 2017
Morocco’s gross domestic product (GDP) at current prices, should reach $121.427 billion in...
Read more |  19 October 2017

Copyright Agence Ecofin © 2015. All Rights Reserved.