Energy efficiency in Senegal: The AfDB approves a loan of more than 5.5 billion – Lequotidien

Energy efficiency in Senegal: The AfDB approves a loan of more than 5.5 billion – Lequotidien
Energy efficiency in Senegal: The AfDB approves a loan of more than 5.5 billion – Lequotidien

To finance the Project to Promote Efficient Lighting Lamps (Ppleef), the African Development Bank (Bad) approved a loan of 8.51 million euros, or approximately 5.574 million CFA francs in Senegal .By D. FAYE –

Senegal wants to advance energy efficiency. For this, a project to promote efficient lighting lamps in Senegal (Ppleef) has been set up. And for its financing, the African Development Bank (AfDB) has decided to allocate to Senegal an amount of 8.51 million euros, or approximately 5 billion 574 million CFA francs. This loan was approved last Monday by the multinational development financial institution.

Which explains that “this project constitutes the Bank’s first investment entirely dedicated to energy efficiency on the demand side, thus establishing a new benchmark for sustainable development in Africa. The Efficient Lighting Lamp Promotion Project is poised to transform energy use in Senegal, benefiting nearly 700,000 households and 80,000 small businesses in the Dakar, Thiès and Diourbel regions. By replacing obsolete and inefficient incandescent bulbs with modern LED lighting, the project will achieve significant energy savings, reduce electricity costs and reduce carbon emissions. The centerpiece of the initiative is its innovative on-bill financing model, which allows consumers to repay the cost of new lighting through monthly energy savings. This model ensures that the program is both accessible and affordable for all participants.

The Chief Energy Efficiency Officer in the Renewable Energy and Energy Efficiency Department of the African Development Bank, highlighted the broader scope of the initiative. “Senegal’s Project to Promote Efficient Lighting Lamps is an important step in Senegal’s national commitment to sustainable development and universal access to energy. This project will reduce demand and energy consumption at peak times, and the on-bill financing approach will be used later to introduce more efficient appliances. As the first phase of Senegal’s efficient lighting program, Ppleef will pave the way for a more sustainable energy future, not only in Senegal, but also across Africa,” comments Jalel Chabchoub.

Beyond its immediate benefits for Senegal, it is indicated, “the project is a reproducible and scalable model for other African countries. By reducing energy consumption, this project delays the need for costly investments in new power plants, particularly during periods of high demand.

“This project will have a positive impact on the budgets of households and small businesses by reducing their energy bills,” said Ms. Mame Coumba Ndiaye quoted in the press release. The Director General of the Agency for the Economy and Energy Management (Aeme) of Senegal specifies: “It will relieve the network with an annual electricity saving of more than 189 GWh. These savings will be redirected towards strengthening the availability of electricity and improving access for populations.”
Over the period 2019-2024, the document highlights, “the Bank has committed approximately $6 billion to energy projects across Africa. Thanks to the launch of Ppleef and the dynamic driven by the ”Mission 300” initiative, launched jointly by the African Development Bank Group and the World Bank Group, alongside other partners, Africa is achieving significant progress to make up for its deficit in access to energy. These efforts highlight a growing commitment to sustainable development and energy equity across the continent.
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