West Africa Regional Energy Trade Development Policy Financing Program (WB-P171225)

Countries
  • Burkina Faso
  • Guinea
  • Ivory Coast
  • Liberia
  • Mali
  • Sierra Leone
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 1, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Governments of Cote d'Ivoire, Guinea, Mali, Burkina Faso, Sierra Leone, Liberia
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 4, 2020

Disclosed by Bank Jan 3, 2020


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Project Description

According to bank documents, the project objective is to increase regional electricity trade to increase energy security, lower electricity cost and therefore support economic growth and shared prosperity in the region. Key expected results include an increase in the number of contracts that specifically enforce payment and supply; a reduction in trade arrears; reduction in weighted average cost of power; increase in share of renewable energy and an improvement in the financial condition of utilities.

Investment Description
  • World Bank (WB)
Contact Information

Governments of Cote d'Ivoire, Guinea, Mali, Burkina Faso, Sierra Leone, Liberia
Abdourahmane Cisse
Minister of Energy
abdourahmane.cisse@presidence.ci

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.