IFC and EDF Group sign off-grid electrification agreement


Issue 282 - 25 Jul 2014 | 2 minute read

The World Bank’s International Finance Corporation (IFC) and France’s EDF Group have signed an agreement to co-operate in the development of off-grid electrification in emerging markets, predominantly in sub-Saharan Africa. IFC said the pair would develop “affordable and sustainable solutions for rural electrification”, working together to source financing for potential projects, share expertise and explore co-investment opportunities, with a joint investment vehicle on the cards. A pilot project is being put in place in Benin, where 25,000 people will be supplied with power using solar and diesel-powered hybrid networks and two biomass-fired power plants.

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