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projectFP093

Yeleen Rural Electrification Project in Burkina Faso

390000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Energy generation and access

Location & People

Region
  • Africa
Country
  • Burkina Faso BFA
Beneficiaries (approx.) 335,000

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
  • Instrument Guarantee USD
Co-Financing
  • European Union / African Development Fund Grant USD
  • Banks / DFI Loan USD
  • Private developer equity Equity USD

Project owners

Accredited Entity Executing Entity
  • Burkina Rural Electrification Agency (ABER) Burkina Faso
  • African Guarantee Fund (AGF)
Yeleen Rural Electrification Project in Burkina Faso Approved October 2018 Est. implementation period 6.75 years
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.
Type
Document title
Published date
ESS report FP093 - AfDB - Burkina Faso 27 Sep 2018
Approved funding proposal FP093 - AfDB - Burkina Faso 22 Dec 2018
Gender assessment FP093 - AfDB - Burkina Faso 10 Jan 2019
Gender action plan FP093 - AfDB - Burkina Faso 10 Jan 2019
Accredited Entity
  • African Development Bank (AfDB) Mr. Timothy Afful-Koomson
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