The World Bank will provide financing of US$78 million to Guinea-Bissau to install a high-voltage power grid, announced the Guinean Ministry of Natural Resources.
After a “negotiation meeting with the World Bank in Paris, it was decided that Guinea-Bissau will receive US$78 million” within the framework of the Organisation for the Exploration of the Gambia River Basin (OMVG, its French acronym) according to a statement from the Ministry.
The funding is earmarked for “management of construction of 218 kilometres of the high voltage power transmission grid,” and “two transformer stations in strategic distribution sites; Saltinho and Bambadinca.”
The project will now be put up for tender and makes use of the electricity to be produced from this year at the Kaleta Dam in Guinea-Conakry.
In full operation the Kaleta dam will produce about 900 gigawatt / hours of electricity per year.
Starting this year, with a single turbine, 200 megawatts of power will be available to the four countries of the OMVG (Guinea-Bissau, Senegal, Gambia and Guinea-Conakry).
At the same time construction of the second dam included in the OMVG will begin in Sambangalou (Senegal).
With both facilities up and running and with interconnection cables linked up, the Government estimates that Guinea-Bissau will have 40 percent of its energy needs covered. (macauhub/GW)