ECOWAS to give 3 member states US$108m for power generation

Abuja, Nigeria (PANA) - The West African regional bloc ECOWAS is to give US$108 million in grants to three of its member states to boost their power generation capacity, under the region’s emergency power supply programme designed to provide sustainable solution to the energy crisis in the affected countries.

Mali will get US$54.34 million, about half of the total grant, followed by The Gambia with US$31.90 million and Sierra Leone US$21.8 million.

According to the ECOWAS Commission, the agreement for the grants will be signed by Commission President Kadre Desire Ouedraogo, representatives of the three states and the West African Power Pool (WAPP), on Monday in Abidjan, Cote d'Ivoire, on the margin of the 71st Session of the ECOWAS Council of Ministers.

The Cotonou-based WAPP, which provides the mechanism for pooling the energy resources of the region and coordination of trade in the sector, will serve as the implementing agency for the programme.

Similar grants have been extended to Guinea Bissau and Guinea.

The latest grants, to be disbursed in two tranches over 12 months, will enable the beneficiary states rehabilitate and maintain identified equipment, build capacity and develop platforms for monitoring and coordination.

President Ouedraogo was quoted as saying the grants would not only improve energy access to the citizens, one of the cardinal programmes of the Community, but also contribute to stimulating the economic development of the beneficiary member states and the region.
-0- PANA SEG 15Dec2013

15 december 2013 08:51:53




xhtml CSS