Electricity for all: Tinga Fund gets CFA3 billion for pilot phase

Energy

Monday, 28 March 2022 13:00

Electricity for all: Tinga Fund gets CFA3 billion for pilot phase

(Togo First) - The Tinga Fund, set up to boost access to electricity in Togo, will enter its pilot phase on April 1, 2022. The fund, which has a seed capital of CFA3 billion, was presented by Mila Aziable, minister of energy and mines, at the last Council of Ministers held on March 25.

The pilot phase of the facility will extend over nine months, deployed in the regions of Kara and Savanes. "The fund will allow about thirty-three thousand (33,000) households to be connected to electricity against the payment of an initial amount of one thousand (1,000) FCFA instead of an average cost of one hundred thousand (100,000) FCFA. The remaining access fees will be reimbursed over up to ten (10) years depending on household income," the government wrote in a statement issued after the council.

The project’s objective is to increase electrification rates in the Savanes and Kara regions to 31% (from 22%) and 50% (from 35%), respectively, over the next decade.

The Tinga Fund, let’s recall, was announced in November 2021, in line with the Togolese authorities' ambition to achieve universal access to electricity in the country by 2030.

Ayi Renaud Dossavi

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