The African Development Bank (ADB) has approved a loan of 16.7 million euros to improve the electricity supply in the capital of Guinea-Bissau, the ADB said in a statement issued last Thursday.
The statement said that financing comprises a loan of 9 million euros and donation of the remaining 7.7 million euros.
The funding provides for the repair of electricity installations at 31,000 customer sites, links for 10,500 new users and improvements in commercial management and good governance of public water and electricity company EAGB, the ADB said.
The Programme to Improve Electricity Supply to Bissau has a deadline of three years to “reduce the number of daily power cuts from 22 to less than two,” the ADB said.
At the same time, it aims to reduce the rates of commercial and technical loss from 47 percent to 20 percent.
“Only 20 percent of residents in the capital have access to electricity” and whoever receives energy is connected to a “weak” grid, where “half the electricity produced is lost due to illegal connections and obsolete infrastructure” and “blackouts of over 20 hours in some areas due to excessive load,” the ADB said.
The programme includes additional funding from the European Investment Bank and the Guinea-Bissau government. (macauhub/GW)