(Ecofin Agency) - Islamic Development Bank just signed with Burkina Faso a loan agreement for $37 million (around 18.5 billion CFA francs). The facility will be injected in the power networks extension and reinforcement project of Burkina Faso.

The project aims to improve the livelihood of people of Ouagadougou, Bobo Dioulasso and Koudougou by expanding and reinforcing power distribution and transport network. Hence, 138 km of average tension lines and 671 km of low tension lines will be built in the three concerned areas. 67 low and average tension processing posts, with a power ranging between 100 kVA and 400 kVA, will also be built in addition to a 15 kV a source substation. Also, 35 km of aerial lines will be developed between Kossodo and Ziniare and 35,000 homes will be connected to the grid as part of the project.

With the new loan, IDB has granted Burkina Faso a total $1.4 billion in financing agreements since 1978.

Gwladys Johnson