Energy
Burkina Faso: Sonabel and the energy regulator among the major beneficiaries of Millennium Challenge Corp’s $450m funding

Burkina Faso: Sonabel and the energy regulator among the major beneficiaries of Millennium Challenge Corp’s $450m funding

The American agency wants to strengthen Ouagadougou and Bobo-Dioulasso’s electrical grids, and to launch a call for tenders to attract independent solar energy producers.

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            ▪ Burkina Faso: Sonabel and the energy regulator among the major beneficiaries of Millennium Challenge Corp’s $450m funding

▪ The American agency wants to strengthen Ouagadougou and Bobo-Dioulasso’s electrical grids, and to launch a call for tenders to attract independent solar energy producers.

http://www.jeuneafriquebusinessplus.com/en/805312/burkina-faso-sonabel-and-the-energy-regulator-among-the-major-beneficiaries-of-millennium-challenge-corps-450m-funding/

01/09/2020 at 19h54, by Valentin Grille

One of the four funding packages unveiled by the independent agency, which is headed by Sean Cairncross, is being channelled towards the organisational strengthening of Burkina Faso’s electricity sector. A source explained to Jeune Afrique Business+ that a $47m cheque is being signed with the intention of supporting Sonabel (Société Nationale d’Electricité du Burkina) and the energy regulator, the Autorité de Régulation du Sous-secteur de l’Electricité (ARSE). The sum will be used for internal reorganisation within the two bodies, mainly to improve their legal structures.

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