Guinea receives $106 M for electrification projects
Guinea: The World Bank and the French Development Agency (AFD) have lent $106 million to Guinea to rehabilitate and extend the electricity transmission network in Grand Conakry.
It is a major operation for Guinea.
The funds are intended to support two projects in the electricity sector. The first concerns the rehabilitation and extension of the electricity grid in Conakry and surrounding cities, including Coyah, Dubréka, Manéah, Forécariah and Kindia.
The Conakry Power Grid Rehabilitation and Extension Project has also received funding from the African Development Fund (ADF). The African Development Bank (AfDB) Group institution has injected $11 million.
This project consists of two components, the first of which concerns the rehabilitation and construction of 20 km of mixed line and 87 km of low-voltage line, the construction of 43 medium and low voltage 630 kVA cabin substations, the construction of 20,000 connections and the installation of 20,000 prepaid metres. In parallel, institutional support is included, including the recruitment of a firm of experts to ensure the financial management of the company Électricité de Guinée (EDG), the public electricity transmission and distribution company. The recovery of this company is also the condition set by the World Bank and AFD for the release of this new financing.
The second part provides for the revision of the electricity regulatory framework, in particular that of public-private partnerships.
Source: Afrik 21