Eritrea - Desert to Power - 12 MW Mini Grid Project - Tesseney Kerekebet and Barentu — Eritrea

Overview

The Bank, using resources from the Transition Facility, will finance 15 million UA (85%) of the total cost, and the GoSE will finance a total of 2.56 million UA in the form of counterpart contributions in kind. The Bank's role is crucial because of its expertise in infrastructure development, energy, sustainable livelihoods and agriculture, as well as its experience in countries in transition. The Bank is currently supporting Eritrea's energy transition through the Dekemhare PV/BESS solar power plant. The Bank will help Eritrea achieve its goal of creating local content and local businesses to implement the proposed 12 MW mini-grid and future installations. This project primarily contributes to climate mitigation results. As such, 100% of the total approved amount is attributed as climate finance, of which 100% is dedicated to mitigation.