BOAD approves XOF15 billion financing for electricity project covering the north of Togo and Benin

Energy

Friday, 26 June 2020 10:13

BOAD approves XOF15 billion financing for electricity project covering the north of Togo and Benin

(Togo First) - A major milestone has been reached for the project to build a 161kV power transmission line connecting Natitingou, Tanguieta, Porga, and the Benin/Togo border.

The Communauté Electrique du Bénin (CEB), which is in charge of the project, indeed secured XOF15 billion from the West African Development Bank (BOAD) to partially fund its development. The Bank’s board of directors approved the financing on June 24, 2020, during a videoconference.

The project primarily aims at “meeting the demand for electricity and securing power supply for communities in the Far North of Benin and Togo.” Besides a transmission line (which should be an interconnection point with Burkina Faso), the project also involves building transformer substations in Benin.

The 124km-long power line falls under the CEB’s expansion strategy and should help the company complete its network in the previously mentioned regions. In addition to this project, the BOAD approved others worth a total of XOF228 billion.

Séna Akoda

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