Two electricity distribution stations worth $22m inaugurated in Abidjan

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The Ivorian electricity network now has two additional distribution stations. Located in Bingerville and Anani, the infrastructures costing $ 22 million were financed thanks to a loan from BOAD.

Côte d’Ivoire has just inaugurated two electrical distribution stations worth 12.4 billion CFA francs (over $ 22 million). The infrastructures, located in Bingerville and Anani in the district of Abidjan, were inaugurated by Hamed Bakayoko, the Ivorian Prime Minister.

Funding for their establishment was ensured through a loan allocated by the West African Development Bank. It has an 8% interest rate and will be repaid over 15 years with a 3-year grace period.

The installation of these distribution stations will allow the reduction of line losses recorded by the national electricity network. Over the past ten years, the country has implemented 20 such facilities.

Côte d’Ivoire currently has an electrification rate of around 80% and expects to achieve universal access to energy by 2025.

 

Source: Agence Ecofin

The post Two electricity distribution stations worth $22m inaugurated in Abidjan appeared first on Energy News | Oil and Gas News.

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