Renewables: Togo and three other West African countries get $311M financing from the World Bank
(Togo First) – Togo, Chad, Liberia, and Sierra Leone will receive $311 million from the World Bank as part of the Regional Emergency Solar Power Intervention Project (RESPITE). The latter was approved on December 20, 2022, by the Bank’s fund for the poorest, the International Development Association (IDA).
The RESPITE aims mainly to “rapidly increase grid-connected renewable energy capacity and strengthen regional integration in the participating countries,” according to the World Bank. Also, part of the financing, a $20 million grant, will “help facilitate future regional power trade and strengthen the institutional and technical capacities of the West Africa Power Pool (WAPP).” The latter is a network that regroups 14 of the 15 Ecowas countries and whose construction should be completed this year.
Moreover, the project “will finance the installation and operation of approximately 106 megawatts of solar photovoltaic with battery energy”, and expand by 41 megawatts the hydroelectric capacity of the four recipient countries.
“Solutions supported by the new project are manyfold and have substantial benefits for the countries and the region. Among others, it will provide fiscal space for countries to address food crisis resulting from the war in Ukraine, initiate development of competitively tendered grid-connected clean energy to alleviate current power supply crisis, positively address climate change by helping countries to move away from expensive and polluting fuels, and help synchronize the WAPP network to enhance regional integration in the energy sector,” said Rhonda Jordan-Antoine, World Bank Task Team Leader of the project.
Ayi Renaud Dossavi