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 - 769 days

Approved by GCF Board

21 Aug 2020

Legal opinion on AE's Internal Approval

08 Dec 2020

FAA executed

24 Jun 2021

Under implementation

28 Sep 2022 - 69 days so far

FAA effective

28 Sep 2022

Disbursement - USD 22,403,869

21 Nov 2022

Disbursement - USD 399,353

21 Nov 2022

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 financing29% disbursed

InstrumentAmount
GrantUSD 1,884,120
LoanUSD 76,135,709
Total GCF Financing
USD 78,019,830

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 15,765,152
Co-FinancingLoanUSD 105,890,315
Co-FinancingGrantUSD 5,797,486
Total Co-Financing
USD 127,452,953

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 6186 (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. Honoré Dhisso TOE
Primary

Environment and Climate Finance Manager
68, Av. de la Liberation, Lomé, Togo
Phone +228 22 23 26 32
Phone +228 99 99 86 78
dtoe@boad.org
Mr. Eric AMOUSSOU
Secondary

Principal Environmental Specialist
68 Av. de la Liberation, Lomé, Togo
Phone +228 90 32 80 97
Phone +228 22 23 27 28
eamoussou@boad.org
More contacts

National Designated Authority

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

Documents