Guinea - Power Acces Improvement Project (PAAEG)

The Guinea Power Access Improvement Project (PAAEG) is part of the National Least Cost Power Access Rollout Programme (PNAAEMC) initiated by the Government and aimed at achieving universal access to electricity by 2030. The project is designed to address the energy infrastructure needs of areas with low access rates and the institutional weaknesses of electricity sub-sector actors. It does not include investments in the generation segment but will serve to: (i) ensure that the hydropower generated (Kaléta, Souapiti and Amaria) is delivered to end consumers; and (ii) promote private investment in green energy. It supplements recent projects financed the Bank1 and other TFPs to increase access to energy services for the population in both urban and rural areas. The PAAEG will also contribute not only to capacity building for stakeholders in the electricity sub-sector to improve its management and governance, through institutional support, but also to project preparation, including the conduct of studies on green mini grids. The overall cost of the PAAEG stands at UA 119.99 million and its implementation is planned for the period 2022-2027. The project primely contributes towards climate mitigation result. As such 100% of the total approval is attributed as climate finance, out of which 100% is mitigation finance.