Electricity

Guinea Bissau: ADB backs power supply with FCFA 19 billion

Friday, 20 November 2015 07:43

Guinea Bissau just benefited from a 19 billion FCFA grant from the African Development Bank (ADB). This funding is to be used to improve power supply in the country, Xinhua agency reports citing an official source.

This grant is to be injected into projects related to the transportation of electricity from the Sambangalou and Kaleta dams, respectively in Senegal and Guinea, to Bissau, the capital city. It is a sealing stone to the various commitments previously taken by partners to Guinea Bissau’s development during the country’s meeting in Bruxelles eight months earlier.

Currently experiencing a power crisis, Guinea Bissau has decided to remediate by taking significant action. To this end, the country recently signed with Société Africaine des Biocarburants et des Energies Renouvelables (SABER) an agreement to benefit from its technical assistance towards the implementation of its Scheme for Valorization of Renewable Energies (PROVER/GB) which should allow for the installation of 32 MW.

Aaron Akinocho

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.