Public Management

World Bank supports electrification program in Sierra Leone with $50mln

World Bank supports electrification program in Sierra Leone with $50mln
Monday, 01 February 2021 17:29

The World Bank announced it has approved the disbursement of $50 million to support the electricity sector in Sierra Leone. The money will be provided by the International Development Association (IDA) in partnership with the Japan Policy and Human Resources Development Fund, which is granting $2.7 million of the amount. It will bring clean energy to 276,000 Sierra Leoneans and 700 schools and health centers.

The project will help prevent the emission of 15,135 tons of greenhouse gases per year, the institution said. Sierra Leone has an electrification rate of 23%, well below the average 30% in the subregion. However, the government is striving to reach this regional threshold by 2030.

To achieve the goal, the government bets on the extension of the Bumbuna II dam, which will provide an additional 80 MW. Rehabilitation and extension work on the Bo-Kenema grid will connect 500,000 people, while solar solutions provider Easy Solar has announced that it will serve 300,000 people in 2019.

In addition to improving living conditions, access to cleaner and sustainable energy, the project will enable the country to save on the funds spent on diesel to operate generators.
“Improving access to electricity in Sierra Leone is a critical development accelerator. This project will help address the country’s key infrastructure deficits, which is one of the most fundamental elements for promoting sustainable growth and job creation in the COVID-19 recovery,” said Gayle Martin, World Bank country manager for Sierra Leone.

Gwladys Johnson Akinocho

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
29 African currencies weaken amid Middle East war, oil surge Rising import costs, debt pressures fuel inflation, food risks Institutions urge...
New Casablanca-based firm targets M&A, capital raising, and strategic advisory Launch reflects rising demand for specialized financial advice in...
Bank of Africa proposes 1.091 billion dirham capital increase via bonus shares Board also suggests higher dividend of 5 dirhams per share Strong 2025...
BRVM plans first ETFs and derivatives on UEMOA market Delegation visits Nigeria’s NGX to learn from its experience Move aims to boost liquidity,...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
Enter your email to receive our newsletter

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

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


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.