FP138

ASER Solar Rural Electrification Project

ASER Solar Rural Electrification Project

  • Status Under implementation
  • Date approved 21 Aug 2020 at B.26
  • Est. completion 28 Mar 2028
  • ESS Category Category B

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 - 666 days so far

FAA effective

28 Sep 2022

Disbursement - USD 420,669

21 Nov 2022

Disbursement - USD 23,599,718

21 Nov 2022

To be completed

28 Mar 2028 - 1,344 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 financing29% disbursed

InstrumentAmount
GrantUSD 1,984,689
LoanUSD 80,199,598
Total GCF Financing
USD 82,184,287

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 16,606,647
Co-FinancingLoanUSD 111,542,412
Co-FinancingGrantUSD 6,106,937
Total Co-Financing
USD 134,255,997

GCF Contacts

General media inquiries

GCF Communications
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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 6714 (KST)
Send e-mail

Accredited Entity

Banque Ouest Africaine de Développement (West African Development Bank)
Mr. Moubarak Moukaila
Primary

Head of the Department of Environment and Climate Finance
Phone (228) 90 72 24 72
mmoukaila@boad.org
Mr. Ibrahim Traore
Secondary

Head of Climate Project Development
Phone (228) 22 23 26 92
itraore@boad.org
More contacts

National Designated Authority

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

Documents