The International Development Association (IDA) has approved $87 million in financing to support Guinea-Bissau in launching a large-scale solar project and expanding electricity access. This initiative aims to install 17.5 MW of solar power and improve the national grid, significantly increasing the country’s electricity capacity.
Expanding Guinea-Bissau solar projects and grid infrastructure
Guinea-Bissau is poised to significantly enhance its electricity infrastructure, courtesy of an $87 million investment by the International Development Association (IDA). This crucial financing will back the country’s inaugural large-scale solar project, which will include the installation of 17.5 MW of solar power. Additionally, the project will facilitate the expansion of the national power grid, bringing reliable electricity to thousands of households for the first time.
The investment package comprises $42 million in grants and $45 million in credits, earmarked for constructing a 10 MW solar power plant in Bissau and a 7.5 MW solar power plant in Bafata. These solar power plants are pivotal in supplying clean energy to the nation while decreasing dependence on costly and polluting diesel generators.
A boost to the power sector through Guinea-Bissau solar projects
The funding is sourced from the IDA’s Scale-Up Facility (SUF) and the Green, Resilient, and Inclusive Development (GRID) program. This financing will also upgrade the national power grid, enabling electricity to reach more homes and businesses. The project is projected to benefit nearly 250,000 people, effectively doubling Guinea-Bissau’s electricity generation capacity.
The solar power plants will integrate with the national grid, which will see an expansion involving 50 km of new medium-voltage distribution lines and 70 km of low-voltage distribution lines. This expansion will enable the electrification of Bissau and surrounding areas, including Bissora, Bafata, and Gabu districts. Furthermore, the project will install 15,000 new electricity meters, ensuring that more households and businesses gain access to reliable and affordable electricity.
Transforming Guinea-Bissau’s energy sector with solar projects
The World Bank has highlighted the transformative potential of this project. Nathan Belete, World Bank Country Director for Guinea-Bissau, underscored this investment’s role in meeting the country’s energy needs. He emphasized, “This project is a critical step in addressing Guinea-Bissau’s pressing energy needs. By doubling electricity generation capacity, we are not only improving access to reliable and affordable energy but also laying the foundation for sustainable economic growth.”
This project is part of a broader World Bank commitment to enhancing access to clean energy in Guinea-Bissau. The World Bank and IDA have been closely collaborating with the Guinean government to elevate the country’s energy sector and develop renewable energy sources.
Economic impact of Guinea-Bissau solar projects
The solar project is anticipated to significantly impact Guinea-Bissau’s economy. By providing dependable electricity, the project will bolster the growth of small and medium-sized enterprises, which constitute the backbone of the nation’s economy. It will also uplift thousands of people’s quality of life by supplying electricity to homes, schools, and hospitals.
Moreover, the project is expected to generate hundreds of jobs in the construction and operation of the solar power plants and the expansion of the power grid. This will offer much-needed employment opportunities in a nation grappling with high unemployment rates.
The $87 million investment by the IDA represents a vital advancement in addressing Guinea-Bissau’s energy challenges. The solar project and the power grid expansion will deliver reliable and affordable electricity to thousands, support economic growth, and create jobs. This initiative marks a significant milestone in Guinea-Bissau’s quest for a sustainable and clean energy future. For more detailed insights into similar initiatives, visit PVknowhow.com.