|Approval Date||06 Oct 2021|
|Signature Date||11 Nov 2021|
|Planned Completion Date||31 Dec 2025|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||23220|
The project seeks to establish a Projects Acceleration Unit in the Central African Power Pool (CAPP) that will be responsible for the early-stage project preparation and implementation supervision of priority regional power projects in the ECCAS region and bring them to “bankability expeditiously”. The project is directly targeted at the Central African Power Pool, but the benefits therefrom will be enjoyed by all the power utilities in the ECCAS member states as well as the populations they serve. The eleven (11) member countries of CAPP include Angola, Burundi, Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic (CAR), Democratic Republic of Congo (DRC), Rwanda, Sao Tome and Principe, and Chad. The project is designed to address the challenge of weak regional project preparation capacity within the CAPP/PEAC to strengthen early-stage preparation activities. The project cost is estimated at USD 3.3 million and will be largely financed from the Banks resources of USD 3.0 million and CAPP Secretariat’s in-kind contribution of USD 0.3 million. The project unit will be operationalized within six months after the coming into force of the grant agreement and supported for the initial five years till December 2025.
The Project Development Objective (PDO) is to facilitate a rapid increase in electricity trade between RMC in the Central Africa region that allows for increased access to electricity and boosts the standard of living of the population in the region by improving their socio-economic condition. By providing capacity in CAPP/PEAC for early stage project preparation and implementation supervision of priority regional energy projects there will be i.) an increase in the number of bankable regional energy projects that reach financial close and get implemented, ii) improvements in inter-connectivity of regional power systems that will contribute to increased power trade within the region, iii) this will lead to optimal utilization of regional energy resources that will help countries in the region reduce their investment requirements for developing new generation infrastructure, iv) increased regional power trade that will eventually lead to an increase in energy access in the region, as well as v) improvements in the financial viability of utilities in the region.
The project is directly targeted at the Central African Power Pool, but the benefits therefrom will be enjoyed by all the power utilities in the ECCAS member states as well as the populations they serve. Effective preparation of regional power projects will attract financing for these projects and allow them to be implemented expeditiously. Together with ongoing regulatory reforms, the region is likely to deepen intra-regional power trade to enhance electricity access and affordability, as well as contribute improve the financial viability of the utilities involved.
African Development Fund
Central African Power Pool
|Last Update||03 Oct 2022|