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WB grants Togo $200mn to tackle power cuts

July 14, 2024
in World
WB grants Togo $200mn to tackle power cuts

LOME: The World Bank will grant Togo $200 million for energy infrastructure projects to help tackle the West African country’s devastating electricity crisis, according to agreements signed Friday.

In recent months, Togo has been battered by power cuts that have spurred rising discontent at a time of already febrile political tensions.

Hailing the agreement as timely, the country’s economy and finance minister Sani Yaya said the funding would help build new transmission lines, benefitting Togolese living in rural areas in particular. “It will help to strengthen the supply of electrical energy to enable more than 1.5 million people to benefit from better access to electricity,” the minister said.

The crisis is in large part caused by regional powerhouse Nigeria limiting its electricity deliveries to Togo, Niger and Benin since May 1 for a period of six months.

Togo imports a large part of its electricity from Nigeria and is several million dollars in debt to Nigeria’s electricity operator, according to the operator’s accounts.

Besides the electricity infrastructure funding, the World Bank agreed to provide another $75 million to improve the management of Togo’s public sector human resources and finances.

It also allocated $23 million to provide further support to refugees, displaced persons and the communities hosting them in northern Togo.

Tags: TogoWorld Bank
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