The Islamic Development Bank (IsDB) approved a €55.19 million financing package to support the Mauritania-Mali Electricity Interconnection Project and the construction of solar power plants in Mali. The project is in line with IsDB’s priorities to enhance energy security and promote sustainable development in the region.
IsDB Supports Mauritania Mali electricity Interconnection Project
The Islamic Development Bank (IsDB) has approved a €55.19 million financing package to support the Mauritania-Mali Electricity Interconnection Project. This initiative also includes the development of solar power plants in Mali. The approval came during the 363rd meeting of the IsDB Board of Executive Directors in Jeddah, Saudi Arabia, chaired by President Dr. Muhammad Al Jasser.
The Mauritania-Mali Electricity Interconnection Project is one of several major initiatives approved by the IsDB as part of a larger $1.365 billion package for 12 member countries. The project is designed to strengthen energy security by linking the two nations’ power systems, improve regional connectivity, and support sustainable development in both Mauritania and Mali through cleaner electricity.
Energy Projects to Drive Economic Growth with Mauritania Mali electricity
The Mauritania-Mali Electricity Interconnection Project aims to enhance energy transmission between the two countries. The project will involve the construction of 1,373 km of 225 kV dual-circuit transmission lines with a capacity of 600 MW, extending from Nouakchott to N’éma in Mauritania and connecting to Mali. It also includes building 11 new substations and extending access to 150 villages, which will directly benefit approximately 480,000 people.
The project will also include the construction of solar power plants in Mali, significantly boosting the country’s renewable energy capacity. This aligns with Mali’s broader energy strategy, which includes other major developments like the 100 MWp Safo solar power plant and a partnership to build West Africa’s largest solar power plant. For those interested in the technical aspects, understanding the solar panel manufacturing process reveals what goes into creating these vital energy sources. This interconnection will play a crucial role in ensuring stable and reliable energy supplies, thereby supporting economic growth and development in the region.
The IsDB’s financing is complemented by a $60 million concessional loan from the Saudi Fund for Development (SFD) for the same project. This joint support underscores the project’s regional importance. Mauritania is increasingly seen as a key player in the region’s energy future, with ambitious projects like the $300 million Mauritania solar wind plant positioning the nation as a potential strategic export hub for ECOWAS solar energy.
The IsDB’s support for the Mauritania-Mali Electricity Interconnection Project demonstrates its commitment to addressing the energy needs of its member countries. By investing in renewable energy and regional connectivity, the bank aims to contribute to the long-term economic development of the region.
IsDB’s Broader Development Agenda for Mauritania Mali electricity
In addition to the Mauritania-Mali Interconnection Project, the IsDB Board of Executive Directors approved several other major projects. These include a $200 million loan for the Bangladesh Metro Rail Line 5 Project, a $300 million loan for the Uzbekistan Tashkent Samarkand Toll Road Project, and a $100 million loan for the Bangladesh Dhaka Mass Rapid Transit (MRT) Line 6 Project.
The board also approved a $10 million loan for the Uzbekistan Health and Nutrition Project, a $100 million loan for the Bangladesh Dhaka Elevated Expressway Project, and a $10 million loan for the Uzbekistan Municipal Services Development Project. These projects reflect the IsDB’s continued efforts to support infrastructure development, health, and social services in its member countries.
The IsDB is a multilateral development bank that aims to support the economic development and social progress of its member countries. The bank provides financial and technical assistance for projects in a wide range of sectors, including infrastructure, energy, health, and education. The Mauritania-Mali Interconnection Project is just one example of the bank’s efforts to promote sustainable development in its member countries.
The Islamic Development Bank’s approval of the €55.19 million financing package marks a significant step forward in the region’s energy development. By supporting the construction of solar power plants and enhancing energy connectivity between Mauritania and Mali, the IsDB is helping to pave the way for a more sustainable and prosperous future for both countries. To learn more about the fundamentals of solar energy projects, you can explore our Free E-Course.
