France's leading power firm EDF secures 50% of BBOXX’s capital in Togo

Energy
Monday, 29 October 2018 11:36
France's leading power firm EDF secures 50% of BBOXX’s capital in Togo

(Togo First) - Electricité de France (EDF) has inked an agreement to buy 50% of BBOXX’s capital in Togo. The related ceremony was chaired by Togo’s Prime Minister, Komi Selom Klassou.

The French firm’s decision to join BBOXX’s shareholding should help speed up the CI-ZO programme.

“BBOXX’s solar kits include solar panels with integrated batteries. They are easy to set up and can be paid via mobile. These kits are used for lighting and also to power various low consumption home appliances such as TV, radio, fan or  mobile phone,”  the firm explains.

Identified as one the reference initiative of G20’s Compact With Africa programme, CI-ZO is a project designed by Togo to achieve universal access to power by 2030. 

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