Guinea: $66 million from the African Development Bank to expand access to electricity

On July 14, 2022 in Abidjan, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $66.39 million support package for Guinea. The funding is intended to help it increase access to electricity.

It consists of a $4.17 million grant and a $9.37 million loan from the African Development Fund (https://bit.ly/3uL2VBZ) (the concessional arm of the African Development Bank Group) and a $24.13 million grant and $28.72 million loan from the Transition Support Facility (https://bit.ly/3z9MySc). The project is co-financed by the French Development Agency, the Islamic Development Bank, the Sustainable Energy Fund for Africa, hosted by the Bank, USAID, through the Africa Energy program, and the Guinean government. .

The project to improve access to electricity in Guinea will improve the living conditions of the populations and the productivity of the beneficiary companies thanks to access to regular, reliable and less expensive energy services, explained Léandre Bassolé, Bank Group country for Guinea. “In addition to the deployment of electricity infrastructure, the project will support the reform initiatives of the electricity sub-sector and the capacity building of its stakeholders. It will also promote the productive use of electricity by providing women’s groups with equipment to increase their productivity. Finally, public lighting will increase safety and give women more time to carry out their commercial activities and school children with opportunities to improve their academic performance,” said Bassolé.

Some 797 medium voltage lines connecting 40 localities in the country will be built, as well as 47 kilometers of mixed lines, 984 kilometers of low voltage lines, 21 high and low voltage substations and 128 H61 substations (transformers whose power varies between 50 and 160 kVA) . The project will also provide 37,367 house connection kits.

The project will cover the main towns and surrounding localities of Kankan, Kérouané and Siguiri in the Upper Guinea region, and Nzérékoré, Beyla and Lola in Guinée Forestière. These regions are among the localities where access to electricity is relatively low compared to the rest of the country. They have a population of approximately 1.2 million (52.1% female).

There will be approximately 100,000 direct beneficiaries of the project (including 72,112 new subscribers) made up of individual households, women’s associations, health centers, schools and businesses.

Over the past decade, the African Development Bank Group has tripled its net commitments to Guinea. The Bank Group’s current portfolio comprises 21 operations totaling approximately US$625 million. The focus is on energy and transport infrastructure (65.7%), aimed at strengthening regional integration. The remaining investments cover mining (15.9%), governance (6.7%), agriculture (4.2%), environment (3%), social sector (2.6%) and finance (1.9%).

The Bank bases its country strategy for Guinea on two priorities: improving access to electricity and developing agro-industrial sectors.

Distributed by APO Group for the African Development Bank (AfDB) Group.

Media contact: Alexis Adélé, Communication and External Relations Department: [email protected]

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Present in 41 African countries with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states. For more information: www.AfDB.org

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been checked or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

Sara H. Byrd