The World Bank has granted $311 million in International Development Association financing to improve West Africa’s capacity for grid-connected renewable energy.
It was stated that the new Regional Emergency Solar Power Intervention Project would improve both current and future electricity in Chad, Liberia, Sierra Leone, and Togo. It was mentioned that West Africa has one of the lowest rates of electrification and some of the most expensive electricity prices in Sub-Saharan Africa.
“The project has established a regional approach to expand the potential of power commerce in West Africa, in addition to enhancing the dependability of energy supply in each of the beneficiary nations. “
The new initiative is a component of the World Bank Group’s effort to expedite on an emergency basis and the deployment of more renewable energy in the region.