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Recently, the African Development Bank (AfDB) has approved 18 million euros in funding for energy sector reform in Burkina Faso, with a focus on developing solar projects
.
The budget support will fund the Energy Sector Reform Support Program (PARSE), whose main objective is to create the conditions for inclusive energy in the country by establishing a legal and institutional framework conducive to public and private investment in the
sector.
Burkina Faso faces structural energy shortages that have led to frequent power
outages.
The country's electricity supply rate remains among the lowest in sub-Saharan Africa, a situation that has severely affected Burkina Faso's industrialization
.
The government of Burkina Faso has begun to adopt a new approach to promote the energy mix, with a focus on solar energy
.
The ADB's funds will be disbursed in two tranches of €12 million, followed by €6 million, aimed at supporting the government's efforts to
reduce the energy gap in Burkina Faso.
:/, please indicate the source for reprinting)
Recently, the African Development Bank (AfDB) has approved 18 million euros in funding for energy sector reform in Burkina Faso, with a focus on developing solar projects
.
The budget support will fund the Energy Sector Reform Support Program (PARSE), whose main objective is to create the conditions for inclusive energy in the country by establishing a legal and institutional framework conducive to public and private investment in the
sector.
Burkina Faso faces structural energy shortages that have led to frequent power
outages.
The country's electricity supply rate remains among the lowest in sub-Saharan Africa, a situation that has severely affected Burkina Faso's industrialization
.
The government of Burkina Faso has begun to adopt a new approach to promote the energy mix, with a focus on solar energy
.
The ADB's funds will be disbursed in two tranches of €12 million, followed by €6 million, aimed at supporting the government's efforts to
reduce the energy gap in Burkina Faso.
:/, please indicate the source for reprinting)
/
