HUGE BOOST AS TOGO MINISTRY OF ENERGY GETS MASSIVE DEVELOPMENY FUNDS

The Ministry of Energy of Togo has been allocated a provisional budget of CFA57 billion under the 2024 finance bill. 

With the funds, the Ministry will accelerate existing projects aimed at achieving universal access to power in Togo.

In detail, the money will finance the CIZO off-grid project, the PRAVOST (which is the social component of the CIZO), the Tinga project, and various mini-grid projects in rural areas.

The financing should also help further expand Blitta’s solar plant and even start developing a PV plant in Sokodé. 

According to the latest data, Togo’s current electrification rate is 59%.

SOURCE: TogoFirst