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Burkina secures CFA40b from World Bank for electricity sector

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The World Bank has granted Burkina Faso 40 billion CFA to develop the electricity sector, the Energy Ministry told APA Thursday.The support is part of Burkina’s Electricity Sector Support Project (PASEL). Through this financing, the World Bank is making available to Burkina Faso additional financing that will allow the country to install solar power stations connected to the network.

The World Bank has pledged to improve people’s access to electricity through this project, whose overall objective is to provide energy at a lower cost to the residents in cities and the countryside.

This additional loan brings the total amount of World Bank’s financing in Burkina Faso’s electricity sector to $82.5 billion.

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