Construction of a 42 MWp solar PV power plant at Awandjélo in the Kara area in Togo has received a major financial boost after the West African Development Bank approved a loan of XOF25 billion to partially fund the project.
The Awandjélo solar power plant is located in Kara area in Togo.
The project’s overall objective is to contribute to the diversification of the energy mix and the reduction of energy generation costs, as well as to improved living conditions of the populations in the beneficiary municipalities.
It will target increased installed capacity by 42 MWp by 2024, increased share of renewable energy in the energy mix from 27% in 2021 to 40% in 2024, and improved electrification rate from 59% in 2021 to 75% in 2025 in the country.
The Board of Directors of the West African Development Bank (BOAD) also approved a loan amounting to XOF25 billion for the Development and asphalting of the Aleheride-Kpaza-Tchamberi road in Togo. The project seeks to open up the area in order to facilitate economic, social and cultural exchanges at national and sub-regional levels. It will target reduction in travel time by 66% and vehicle operating costs by over 60%, as well as reduction in road insecurity.
In addition, BOAD also agreed to fund the establishment and operation of a brewery complex and a can manufacturing line by Coca-Cola Donga Bottling Company SA in the industrial estate of Sèmè-Podji in Benin to a tune of XOF20 billion.
The purpose of project, from the peak year onwards, is to produce several thousands of hectoliters of fizzy drinks and mineral water and hundreds of millions of cans.