FP138

ASER Solar Rural Electrification Project

ASER Solar Rural Electrification Project

While almost all of Senegal’s urban areas have access to electricity, about 58 percent of people in rural areas do not. For basic energy needs, these households mainly rely on fuelwood for cooking, and kerosene lamps for lighting. This is expensive and causes health and environmental hazards.

This project supports the Senegalese government’s aim to achieve universal energy access by 2025. The main causes of low electricity usage rates in the countryside are high upfront investment costs and prohibitive operational costs to run remote electricity assets, tied to low and widely dispersed electricity consumption. GCF will provide the concessional financing needed to mobilise private sector participation in providing rural households with access to modern solar-powered mini-grids in 1,000 isolated villages. Based on a public private partnership business model for investing and operating small scale green mini grids, it will promote jobs creation and include a green stimulus package to support COVID-19 recovery.  

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

12 Jun 2019 - 437 days

Concept note received

12 Jun 2019

Funding proposal received

22 Jan 2020

Cleared by GCF Secretariat

31 Mar 2020

Cleared by iTAP

28 Jul 2020

Approved

21 Aug 2020 - 424 days so far

Approved by GCF Board

21 Aug 2020

FAA executed

24 Jun 2021

Under implementation

Completed

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
GrantUSD 2,118,540
LoanUSD 85,608,408
Total GCF Financing
USD 87,726,948

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 17,726,630
Co-FinancingLoanUSD 119,065,040
Co-FinancingGrantUSD 6,518,801
Total Co-Financing
USD 143,310,472

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

Banque Ouest Africaine de Développement (West African Development Bank)
Mr Elie Aloko
Director of the Environment and Climate Finance Direction (DEFIC)
68, av de la Liberation, Lome, Togo
Phone (228) 9999 8693/9350 9987
Phone (228) 2223 2757/ 2223 2692
ealoko@boad.org
Mr. Ibrahim Traore
Head of Climate Finance Division
More contacts

National Designated Authority

Senegal
Ministry of Environment and Sustainable Development
Ms. Madeleine Diouf Sarr
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal

Documents