World Bank to inject $150 million into Mali’s electricity sector by 2025

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In a bid to boost electricity supply in Mali, the World Bank has disclosed plans to inject $150 million by 2025, into Mali’s electricity sector.

According to news report, a financing agreement was signed in Bamako, between Prime Minister, Boubou Cisse, and Soukeyna Kane, Director, World Bank Operations for Mali.

The funding is part of the Electricity Sector Improvement Project, approved by the Bretton Woods Institution, last June.

The support of $28 million IDA grants against $122 million IDA credits, is intended to improve the reliability and efficiency of the supply of electricity in Bamako, the capital, as well as the technical and commercial performance of Energy Mali, the national electricity company.

The disbursement will be spread over the next five years, with an initial disbursement of $2 million, starting this year.

TOS TV gathered that the multiplier effect is that 25,000 new households are expected to be connected to electricity, and the current 400,000 customers, to benefit from safe and reliable electricity services.

Recall, that despite significant progress over the last decade, access to modern energy services in Mali remains low, particularly in the rural areas. In 2017, the access rate to electricity rose to around 39% nationwide, far from the ratios of neighbours, such as Senegal (64%), or Côte d’Ivoire (63%).