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