Yeleen Rural Electrification Project in Burkina Faso

  • Mitigation
  • Under implementation
Date approved
20 Oct 2018
Est. completion
14 Jun 2027
ESS Category
Category B
Financing
Public sector
Entity
African Development Bank

Overview

Shifting rural energy models designed to increase people’s “access to energy” to focus on “access to clean energy.”

Burkina Faso is a landlocked Least Developed Country where electricity generation is 80 percent reliant on fossil fuels. While 70 percent of the country’s population lives in rural areas, only 3 percent of these people have access to electricity. The government of Burkina Faso currently subsidises diesel generation in the remote areas, a situation which is unsustainable from both climate change and economic standpoints.

This project aims to create a paradigm shift towards low-emissions electricity access by using a public sector intervention to provide an enabling environment for the private sector which will operate solar mini-grids. The project will include installing 100 mini-grids in Burkina Faso using result based payments to private sector operators, and improving the regulatory framework in order to mobilise private sector capital in renewable energy based rural electrification investments. Micro-finance institutions will be encouraged to provide loans to productive users in the areas where solar mini-grids will be installed.

The project has an estimated lifespan of nearly 7 years.

Result areas

Project timeline

  • Pipeline

    118 days

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    696 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,101 days so far

    • FAA effective

  • To be completed

    364 days to go

    Not started

  • Total project value $ 61.8 million

  • Tonnes of CO2 equivalent avoided 390 thousand

  • Total number of beneficiaries 335 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 61.8 million

Show details

GCF-financing

  • Loan USD 10,012,107.67
  • Grant USD 15,018,161.5
  • Guarantee USD 3,259,755.98
  • Total GCF-financing USD 28,290,025.15

Co-financing

  • Equity USD 16,182,360.06
  • Loan USD 6,053,832.54
  • Grant USD 6,985,191.39
  • Grant USD 4,307,534.69
  • Total co-financing USD 33,528,918.68

Documents

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