The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.
Yeleen, which is to be implemented under the Bank’s Desert to Power ( DTP) Initiative, and which will span a period of five years from 2020-2024, is the second project under the DTP initiative in Burkina Faso. The total project cost is estimated at €136.69 million. The rest of the financing for Yeleen is provided by Agence Française de Développement (AFD), European Union (EU), and Société Nationale d’électricité du Burkina Faso (SONABEL).
The electricity access rate in Burkina Faso is one of the lowest in Africa at around 21% at national level in 2018. Upon completion, the project will increase and diversify electricity supply through the construction of four new 52 MWc photovoltaic (PV) plants and extend power distribution networks to connect 30,000 new households, or about 200,000 people. It will also contribute to the avoidance of 48,000 tCO2eq emissions annually.
Wale Shonibare, the Bank’s Acting Vice-President for Power, Energy, Climate Change & Green Growth said: “This project will augment the Bank’s efforts to ensure inclusive access to energy through improvements in rural electrification, regional interconnections and energy sector reforms. Notably, it will increase Burkina Faso’s generation capacity by 15%, which will greatly help to reduce Burkina Faso’s reliance on fossil fuel imports.”
Dr. Daniel Schroth, the Bank’s Acting Director for Renewable Energy & Energy Efficiency also added that the approval would further the Desert to Power Initiative’s momentum in line with commitments made at the Sahel G5 Summit on 13th September in Ouagadougou.
“With this project, we are making concrete progress on two of the five priority areas under the Desert to Power initiative which include adding new solar generation capacity and strengthening the transmission and distribution networks,” said Schroth.
The current project is part of Burkina Faso’s broader 2025 Solar Programme, known as “Yeleen” with three components: (i) Development of photovoltaic plants (PV) connected to the interconnected national grid; (ii) Increase in the electricity distribution network; and (iii) Rural electrification by mini-grids (isolated) and individual solar systems. The rural electrification “ Yeleen rural electrification project” which aims to to increase electricity access in Burkina Faso by connecting 150,000 households to solar mini- grids (50,000 household) and through stand-alone solar kits systems (100,000 households) was approved by the Bank in December 2018 with joint financing with EU and GCF.
The project aligns with Bank’s Country strategy paper for Burkina Faso (CSP 2017-2021), its High-5 “Light Up and Power Africa”initiative, and the Bank’s Climate Change plan. Desert to Power initiative aims to accelerate economic development by adding solar energy generation capacity of up to 10 GW by 2025 through a combination of public and private interventions.
Policy Measures to Advance Jordan’s Transition to Renewables
A new report published today by the International Renewable Energy Agency (IRENA) has identified a series of policy measures that can help advance the energy transition towards renewable energy in Jordan.
The “Renewables Readiness Assessment: The Hashemite Kingdom of Jordan” – developed in co-operation with Jordan’s Ministry of Energy and Mineral Resources, suggests opportunities exist to deepen private sector engagement in national efforts to reach a 31 per cent share of renewables in total power by 2030.
“The recommendations of this report comply with the newly issued Energy strategy 2020-2030 and its action plan,” said H.E. Engineer Hala Zawati, Minister of Energy and Mineral Resources in Jordan. “We are fully aware that to achieve all these ambitious targets, a strong partnership between the public and private sectors is needed. We are also eager to work with international friends and partners to make renewable energy a main pillar of the Jordan energy sector.”
The report presents policy action areas to increase energy security and boost supply diversity through the accelerated uptake of renewables and includes ideas to boost end-use electrification and increase the availability of energy transition investments from domestic institutions.
Jordan’s share of electricity from renewables grew from almost zero in 2014 to around 20 per cent in 2020 thanks to enabling frameworks and policies that have supported the deployment of renewable energy technologies, including solar photovoltaic (PV) and onshore wind.
“Jordan boasts significant renewable energy resource potential that if realised will reduce consumer energy costs, improve national energy security, create jobs and stimulate sustainable growth – boosting post COVID-19 economic recovery efforts,” said IRENA Director-General Francesco La Camera. “This report highlights a series of policy and regulatory measures that will allow Jordan to build on its energy transition progress to date and align it with 2030 national decarbonisation goals.”
Capacity building in local financing institutions and project developers can drive their engagement in the energy transition, the report says, while helping the country to meet its needs in important areas such as the build-out of electric charging infrastructure for the transport system.
Challenges associated with integrating higher shares of renewables in Jordan can be addressed by building and upgrading transmission and distribution infrastructure, deploying storage, promoting demand-side management and incentivising electrification of heating, cooling and transportation.
Renewables Readiness Assessment: Jordan lists concrete recommendations around the following seven action areas:
- Provide the conditions for renewables to grow in the power sector
- Foster continued growth of renewable power generation
- Plan for the integration of higher shares of renewable power
- Incentivise the use of renewables for heating and cooling
- Support renewable options for transport and mobility
- Catalyse renewable energy investment
- Strengthen local industries and create jobs in renewables
World Bank Supports Angolan’s Electrification with $250 Million
The World Bank approved $250 million to improve the operational performance of the electricity sector utilities and increase electricity access in selected cities of Angola.
The Electricity Sector Improvement and Access Project will finance electrification investments in the provinces of Luanda, Benguela, Huila, and Huambo, delivering 196,500 new electricity connections that will benefit close to one million people and 93,857 public lights.
The project will focus on electricity access expansion and improvement of revenue collection, electricity service improvement, capacity improvement of the public electricity producer (PRODEL, Empresa Pública de Produção de Electricidade), and strengthening sustainable management of generation plants. The project also aims to increase the commercial performance of the national electricity distribution company (Empresa Nacional de Distribuição de Electricidade, ENDE) as well as provide financing to the national transport network Rede Nacional de Transporte, RNT) for targeted interventions to improve and optimize the dispatch of electricity supply and the overall management of the national transmission network. Furthermore, the Project will also finance immediate measures to raise the operational, commercial and technical capacity of the three national power utilities, leading to significant electricity service improvement.
“Investment in infrastructure, especially in energy, is key to economic development ”, said Jean-Christophe Carret, World Bank Country Director to Angola “Quality access to electricity services will have a spillover effect in many other sectors, including agribusiness, health, education, just to name a few.”
Angola’s power generation capacity, largely based on hydropower, has developed at a fast pace with the national installed generation capacity quadrupling in just one decade, but transport, distribution and cost recovery remain very challenging. Less than 40 percent of Angolans have access to electricity, with inadequate electricity services impacting poverty, productivity and regional disparities. Therefore, the project aims to deliver the most critical actions needed to help expand electricity access, improve the operational and commercial performance of utilities, and ultimately boost their creditworthiness. This, in turn, will contribute to reducing extreme poverty, improving the resilience of communities to impacts arising from COVID-19, and increasing shared prosperity.
The total project cost is $417 million, financed with a $250 million loan from the World Bank and a credit of $167 million from Agence Française de Développement.
IEA and SICA to collaborate on clean energy transitions in Central America
The International Energy Agency (IEA) and the Central American Integration System (SICA) have signed a Memorandum of Understanding (MoU) to promote clean energy transitions in Central America. Under the MoU, the two organisations will expand their cooperation on energy data and statistics, energy efficiency and climate resilience of electricity systems. These have all been identified as key areas for energy transitions and climate change mitigation in the region under SICA’s Central American 2030 Sustainable Energy Strategy.
“The IEA is pleased to team up with SICA to expand our work in Central America, a dynamic region that is home to over 55 million people and has excellent clean energy potential with distinctive transition opportunities and challenges,” said IEA Deputy Executive Director David Turk.
Under its Clean Energy Transitions Programme, the IEA has been expanding its collaboration in Latin America. This is taking place both bilaterally with key partner countries – including the two largest economies, Brazil and Mexico – and on a regional level through cooperation with leading regional organisations, including the Latin American Energy Organisation (OLADE) and the Inter-American Development Bank. The signing of the IEA-SICA Memorandum of Understanding is a new milestone for the IEA’s engagement with the region.
“Today’s signing ceremony marks an important step for SICA’s work on clean energy transitions – an important priority for our member countries, which can now benefit from the IEA’s leading analysis and expertise,” said Vinicio Cerezo, SICA Secretary General.
The Central American Integration System (Sistema de Integración Centroamericana, or SICA) is an economic and political organisation composed of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panamá and the Dominican Republic, that works to foster closer ties and integration across Central America and the Dominican Republic to promote peace, liberty, democracy and development in the region.
Belarus human rights situation deteriorating further
A “systematic crackdown” against dissent in Belarus is continuing, months since the country’s disputed presidential election last year, UN rights...
Natalia Vodianova joins UNFPA to tackle stigma and advance women’s health
The UN’s sexual and reproductive health agency, UNFPA, on Wednesday appointed supermodel, philanthropist, and impact investor Natalia Vodianova as its...
SCO: Potential and Challenges to Regional Integration
The modern system of the world is facing the state of imbalance as it passes through the phase of change...
Georgia’s Blue Economy Can Be a Vehicle for Accelerating Climate Change Adaptation
Greening the Coast and Blueing the Sea for a Resilient Georgia – a virtual event on climate change and marine...
Possibility of an alliance in Sino-Russian Relations
The defense ministers’ meeting of NATO member states was held in video format a few days ago (17/2/2021). During the...
Council of Europe fights for your Right to Know, too
Authors: Eugene Matos de Lara and Audrey Beaulieu “People have the right to know what those in power are doing”...
Pakistan PM visited Sri Lanka to further strengthen the existing friendship to new heights
At the formal invitation of the Prime Minister of the Democratic Socialist Republic of Sri Lanka, H.E. Mahinda Rajapaksa, the...
Defense3 days ago
The world arms sales market
Economy3 days ago
Capitalism and the Fabrication of Food Insecurity
Middle East2 days ago
Turkey signals sweeping regional ambitions
Green Planet3 days ago
When Sea Levels Rise And Coastal Waters Darken…
Africa2 days ago
A Fault Line Named Farmajo
Diplomacy2 days ago
Can diplomats be proactive online without becoming “wolf-warrior”?
Terrorism3 days ago
‘Disturbing spike’ in Afghan civilian casualties after peace talks began
Americas2 days ago
Possible Directions for U.S. Policies in the Biden Era