The World Bank Board of Directors has approved a total of $300m in International Development Association credits and grants to support reforms that will help promote electricity trade in West Africa.
“The West Africa Regional Energy Trade Development Policy Financing Programme seeks to remove barriers to electricity trade, which will lower electricity costs for consumers, support the competitiveness of firms and improve resilience and reliability of supply,” the World Bank said on Wednesday.
The statement said within a few years, they would have completed the primary interconnectors that would link them together. The World Bank Vice-President for Western and Central Africa, Ousmane Diagana. “West Africa has huge potential for clean and green energy generation, which countries can unlock and pool together to bring lower cost electricity to communities and help create jobs.
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