IDA issues $43m financing for Gambian electricity project
The Gambia has secured an additional GMD2.2 billion ($43 million) from the International Development Association to help finance a project to improve access to electricity and water in the country.
The financing will accelerate the implementation of the Gambia Electricity Restoration and Modernization Project, which aims to increase the availability and reliability of solar electricity and improve the capacity of the National Water and Electricity Corporation to distribute electricity. The project includes the installation of four solar photovoltaic power plants with a capacity of 200MWp in Greater Banjul, in the west of The Gambia; the rehabilitation of 17km of transmission lines, and the connection of 20 solar photovoltaic systems with battery storage to the national grid.
The project is being financed by several development partners, including the World Bank, the European Union, and the European Investment Bank.
