Search EN menu en EIB GROUP CLIENT PORTAL
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    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

    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.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

    Related publications