Original disclosure @ AFDB website
Updated in EWS Sep 8, 2020
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According to bank documents, the objective of the programme is to support the GoSTP in promoting green growth and the sustainable development of STP's power system, as well as in strengthening public financial management and the business climate.
The Energy Transition and Institutional Support Programme (ETISP) is designed to promote green growth, sustainable development of the power system and strengthening public financial management. It will mainly finance urgent work to reinforce and maintain the network of existing thermal power plants, the rehabilitation of the Papagaio hydroelectric power plant (1 MW) and the hybridisation of one of the main thermal power plants (Santo Amaro) with solar photovoltaic technology. The programme will also support the implementation of an energy efficiency (EE) programme, improve airport facilities to increase exports, improve key IT systems for public financial management and strengthen institutional capacity in environmental and social management and gender equality. The proposed interventions will have a direct impact on the beneficiaries of the programme, including improved access to electricity, improved reliability of electricity supply, increased export capacity, reduced GHG emissions and institutional capacity development. The Programme is designed around three components aimed at: i) initiating the energy transition toward renewable energy; ii) providing institutional support while strengthening financial governance and the business climate; and iii) supporting the GoSTP in implementing the ETISP and building institutional capacity. The Programme will be implemented starting in 2020, in both Sao Tome and Principe islands. A period of four years is estimated for the Programme implementation, entailing a total Programme cost of UA 10.44 million.
PEDERSEN Anders Cajus
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