News

Burkina Faso to double its electricity generating capacity by 2020

  • Comments   -   Friday, 13 April 2018 - 18:07

(Ecofin Agency) - The Burkinabe government plans to increase its electrification rate to 45% from the current 20%, by 2020. This was announced by Paul Kaba Thiéba (photo), the Prime Minister during a parliamentary audience.

According to the official, the national energy strategy is based on three main objectives. The government plans to bridge the 50 MW electricity deficit in the national grid, an increase by 15% on a year-on-year basis.

It also wants to increase the sector’s competitiveness by lowering the cost of electricity which currently stands between CFA125 and CFA130 (about 24 cents).

Let’s recall that Burkina Faso has an installed capacity of about 350 MW and aims to build, among others, 8 solar plants totaling 100 MW, in the coming years.

Gwladys Johnson Akinocho


APPP2018 480x110 ENG

Due to ecosystem degradation, Africa loses $68 billion annually, a report from the...
Read more |  18 September 2018
AXA Assurance Maroc SA acquired stakes in Dabadoc, a Moroccan startup that...
Read more |  18 September 2018
Last weekend, Cradle Arc announced that its PL33/2005 and PL180/2008 prospecting permits...
Read more |  17 September 2018
Last Saturday, Egypt’s oil minister Tarek al-Moulla informed in a release that...
Read more |  17 September 2018
Blue Garnet Ventures, an investment company that invests in African companies specialized...
Read more |  17 September 2018
Tunisia plans to issue $1 billion Eurobonds at the beginning of October 2018...
Read more |  17 September 2018
Every payment above EGP100,000 (about $5,500) to government institutions should be done electronically...
Read more |  17 September 2018
Due to ecosystem degradation, Africa loses $68 billion annually, a report from the...
Read more |  18 September 2018
AXA Assurance Maroc SA acquired stakes in Dabadoc, a Moroccan startup that...
Read more |  18 September 2018
Last weekend, Cradle Arc announced that its PL33/2005 and PL180/2008 prospecting permits...
Read more |  17 September 2018
Last Saturday, Egypt’s oil minister Tarek al-Moulla informed in a release that...
Read more |  17 September 2018
Blue Garnet Ventures, an investment company that invests in African companies specialized...
Read more |  17 September 2018
Tunisia plans to issue $1 billion Eurobonds at the beginning of October 2018...
Read more |  17 September 2018
Every payment above EGP100,000 (about $5,500) to government institutions should be done electronically...
Read more |  17 September 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.