FP093

Yeleen Rural Electrification Project in Burkina Faso

Yeleen Rural Electrification Project in Burkina Faso

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion 14 Jun 2027
  • ESS Category Category B

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.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
335,000
Theme

Mitigation

Result areas

Project timeline

Pipeline

25 Jun 2018 - 118 days

Funding proposal received

25 Jun 2018

Cleared by iTAP

26 Sep 2018

Approved

20 Oct 2018 - 696 days

Approved by GCF Board

20 Oct 2018

Legal opinion on AE's Internal Approval

04 Dec 2019

FAA executed

22 Jun 2020

Under implementation

14 Sep 2020 - 377 days so far

FAA effective

14 Sep 2020

Completed

14 Jun 2027 - 2,088 days to go

One region

  • Africa

One country

Two priority groups

  • Least Developed Countries
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
LoanUSD 10,153,482
GrantUSD 15,230,224
GuaranteeUSD 3,305,785
Total GCF Financing
USD 28,689,492

Cofinancing

CofinancerInstrumentAmount
Co-FinancingEquityUSD 16,410,861
Co-FinancingLoanUSD 6,139,315
Co-FinancingGrantUSD 7,083,825
Co-FinancingGrantUSD 4,368,358
Total Co-Financing
USD 34,002,361

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6485 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

African Development Bank
Mr. Timothy Afful-Koomson
Chief Climate Finance Officer
More contacts

National Designated Authority

Burkina Faso
Prime Ministry
Mr. Issaka Ouedraogo
Adviser to the Prime Minister/Environment Inspector
01 PO BOX 4223, Ouagadougou
Phone +226 70 00 87 69
Phone +226 76 64 95 66
isk.isk22@yahoo.fr

Documents