FP093
Yeleen Rural Electrification Project in Burkina Faso
Yeleen Rural Electrification Project in Burkina Faso
Shifting rural energy models designed to increase people’s “access to energy” to focus on “access to clean energy.”
Burkina Faso is a landlocked Least Developed Country where electricity generation is 80 percent reliant on fossil fuels. While 70 percent of the country’s population lives in rural areas, only 3 percent of these people have access to electricity. The government of Burkina Faso currently subsidises diesel generation in the remote areas, a situation which is unsustainable from both climate change and economic standpoints.
This project aims to create a paradigm shift towards low-emissions electricity access by using a public sector intervention to provide an enabling environment for the private sector which will operate solar mini-grids. The project will include installing 100 mini-grids in Burkina Faso using result based payments to private sector operators, and improving the regulatory framework in order to mobilise private sector capital in renewable energy based rural electrification investments. Micro-finance institutions will be encouraged to provide loans to productive users in the areas where solar mini-grids will be installed.
The project has an estimated lifespan of nearly 7 years.
Project timeline
Pipeline
25 Jun 2018 - 118 days
Funding proposal received
25 Jun 2018
Cleared by iTAP
26 Sep 2018
Approved
20 Oct 2018 - 696 days
Approved by GCF Board
20 Oct 2018
Legal opinion on AE's Internal Approval
04 Dec 2019
FAA executed
22 Jun 2020
Under implementation
14 Sep 2020 - 1,512 days so far
FAA effective
14 Sep 2020
To be completed
14 Jun 2027 - 954 days to go
One region
- Africa
One country
Two priority groups
- Least Developed Countries
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Loan | USD 9,409,190 |
Grant | USD 14,113,785 |
Guarantee | USD 3,063,457 |
Total GCF Financing |
---|
USD 26,586,433 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Equity | USD 15,207,877 |
Co-Financing | Loan | USD 5,689,277 |
Co-Financing | Grant | USD 6,564,551 |
Co-Financing | Grant | USD 4,048,140 |
Total Co-Financing |
---|
USD 31,509,846 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
African Development Bank
Climate Finance Expert
CCIA. Rue Jean Paul 11, Plateau, 01 BP 1387 Abidjan 01., Abidjan, Cote d'Ivoire
More contacts
National Designated Authority
Prime Ministry
Policy Officer
Policy Officer
Documents
Title | Type | Date |
---|---|---|
Gender assessment for FP093: Yeleen Rural Electrification Project in Burkina Faso | Gender assessment | 10 Jan 2019 |
Gender action plan for FP093: Yeleen Rural Electrification Project in Burkina Faso | Gender action plan | 10 Jan 2019 |
Yeleen rural electrification project in Burkina Faso | Approved funding proposal | 22 Dec 2018 |
Environmental and social safeguards (ESS) report for FP093: Yeleen Rural Electrification Project in Burkina Faso | Environmental and Social Safeguards report | 27 Sep 2018 |