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Electricity

Siemens plans to expand to Burkina Faso

Thursday, 26 April 2018 18:21

(Ecofin Agency) - German power producer Siemens is considering expanding to Burkina Faso. This was revealed by André Bouffioux, MD of the Siemens’ Belgian subsidiary (charged to develop the company’s activities in West Africa) during a visit with the Burkinabe president Roch Marc Christian Kaboré.

“We discussed how Siemens could help Burkina Faso develop in electricity supply and efficiency in the framework of the country’s master development plan,” said Mr. Bouffioux.

Talks focused on Burkina Faso’s energy needs as well as the different ways to meet them. If ongoing negotiations are successful, renewable energy will be the prioritized form of energy as Siemens specializes in this type of energy.  

The company also wants the partnership to be profitable to Burkina Faso, “otherwise we won’t invest,” said the company representative. Moreover, the company pledged to invest in education sector if ever the cooperation is a success.

Gwladys Johnson Akinocho

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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