La Banque Agricole (formerly Caisse Nationale de Credit Agricole du Senegal)

La Banque Agricole (LBA) (formerly, Caisse Nationale de Crédit Agricole du Sénégal (CNCAS), is a direct access, private sector entity based in Senegal. LBA specializes in the financing of agricultural value chains with the aim of promoting activities in rural areas of Senegal and improving economic, social and environmental development and sustainability. LBA promotes responsible and sustainable investments, resulting in an increased number of projects to upgrade agricultural infrastructures with increased resource efficiency and greater adoption of clean and environmentally sound technologies. In order to contribute to the priority sectors of Senegal’s economy, LBA provides investments in the areas of clean energy, energy generation and access, agricultural practices, infrastructure modernization, waste management and resource efficiency, clean technologies and adaptation to climate change. 

Together with GCF, LBA intends to undertake the following activities: developing, constructing, operating and maintaining, for a period of 25 years, an independent kinetic power plant of 5-megawatt capacity; installing a solar energy supply solution for the Guédé Chantier pumping station to enable full solarization of two of the four existing pumps using a photovoltaic pumping system; and partially renewing a fleet of trucks to mitigate carbon dioxide emissions, reduce pollution and the risk of accidents, and increase energy efficiency, among others.