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Signature(s)

Amount
€ 15,250,000
Countries
Sector(s)
Burkina Faso : € 15,250,000
Energy : € 15,250,000
Signature date(s)
28/12/2004 : € 15,250,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
26 November 2004
Status
Reference
Signed | 28/12/2004
20020377
Project name
Promoter - financial intermediary
SONABEL III
Société Nationale d’Electricité du Burkina Faso (SONABEL)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 15.25 million.
EUR 77.1 million.
Location
Sector(s)
Description
Objectives

The project consists of the 338 km electrical interconnection between Bobo-Dioulasso and Ouagadougou, construction of transformer stations, upgrading of the network in Ouagadougou and electrification of provincial towns located along the route. Imported energy will thus be transmitted to the country's main consuming centre, Ougadougou.

The project represents the logical continuation of the electrical interconnection between the Ivory Coast (Ferkessédougou) and Burkina Faso (Bobo-Dioulasso), for which the EIB has already provided finance. Imported energy will thus be transported to the country's main consumer centre, Ougadougou. For a country such as Burkina Faso, this is the most economic solution for coping with growing energy demand, allowing a considerable reduction in state subsidies on the price of fuel for thermal energy. Moreover, this project will support the privatisation process in this sector.

Environmental aspects
Procurement

Environmental aspects mainly concern the visual impact and destruction of forest. About 157 ha of forest will be cut and an equivalent area reforested. In addition, up to 52 village houses will be moved. The owners will be compensated and resettled in the same villages. No nature conservation sites will be affected by the project. The Ministry of the Environment has approved the project and an Environmental and Social Management Plan has been prepared including a number of mitigating measures such as reforestation and compensation for the land owners.

In general, international open tendering procedures are applied. Components earmarked for EIB financing are published in the EU Official Journal.

Link to source
Summary sheet
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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