The African Development Fund (ADF) is to release €3.73 million to Togo to help the country develop mini-electrical networks in 317 localities, local media reported, after the ADF Board of Directors gave its approval on 15 December.
The funding is for the preparatory phase of the Rural Electrification of 317 Localities by Solar Mini Grids Project in Togo and consists of a €2.73 million ADF loan and a US$1 million grant from the Sustainable Energy Fund for Africa (SEFA). The funding also covers technical assistance to build the capacity of the project’s implementing agency.
In this context, the Director of the Renewable Energy and Energy Efficiency Department of the African Development Bank Group, Daniel Schroth said that this project will support the country’s goal of “achieving universal access to electricity by 2030”.
The ADF is the Bank Group’s concessional financing window that provides low-income Regional Member Countries (RMCs) with grants and concessional loans, guarantees as well as technical assistance for studies and capacity building to support the implementation of projects and programmes that promote poverty reduction and economic development.