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.
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 - 155 days so far
Approved by GCF Board
21 Aug 2020
Under implementation
Completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Grant | USD 2,216,478 |
Loan | USD 89,565,974 |
Cofinancing
Cofinancer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 18,546,109 |
Co-Financing | Loan | USD 124,569,263 |
Co-Financing | Grant | USD 6,820,156 |
GCF Contacts
General media inquiries
GCF CommunicationsPhone +82 10 4458 7751
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Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6157
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6155
Send e-mail
Accredited Entity

Banque Ouest Africaine de Développement (West African Development Bank)
Director of the Environment and Climate Finance Direction (DEFIC)
68, av de la Liberation, Lome, Togo
National Designated Authority
Ministry of Environment and Sustainable Development
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal