now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk

Asia Connect
China loan for Burkina Faso solar project approved
The 25MWp solar facility will also feature a 20MWh battery storage system
Michael Marray 15 May 2024

The transitional parliament of Burkina Faso has agreed to sign off on a loan from China to develop the Donsin solar power plant and accompanying electricity storage system.

The concessional loan agreement for 30 billion CFA francs (US$49.3 million) was initially signed in September 2023 by the Burkinabe government and the Export-Import Bank of China. The CFA franc is the currency of eight countries across West Africa.

The loan agreement, put forward by President Ibrahim Traoré and the Council of Ministers, needed parliamentary approval. The 25-megawatt (peak) solar power plant at Donsin airport site in the Loumbila district of central Burkina Faso will also feature a 5MW / 20MWh battery storage system.

Burkina Faso’s Ministry of Energy, Mines, and Quarries wants to enhance the reliability of energy supply at Donsin airport while reducing reliance on imported power.

La Société nationale d'électricité du Burkina Faso (Sonabel) is the offtaker and represents the country in the West African Power Pool.

Conversation
Rachna Jain
Rachna Jain
director, Asia-Pacific infrastructure & project finance
Fitch Ratings
- JOINED THE EVENT -
7th Asia Sustainable Infrastructure Finance Leaders Dialogue
Infrastructure of the future
View Highlights
Conversation
Angus Hui
Angus Hui
deputy chief investment officer and head of fixed income
Fullerton Fund Management
- JOINED THE EVENT -
18th Asia Bond Markets Summit - Asean Edition
Investing in the new normal
View Highlights