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Project ID: P170236
Renewable Energies and Energy Efficiency Improvement in Public Services Project
Project Area

Energy

MANAGEMENT UNIT

Special Projects Management Unit

Effective Date

15/11/2021

Closing Date

31/12/2026

Status

Ongoing

Total Amount

$16,500,000.00 (USD)

1.666.500.000,00 CVE

Inicial Amount

$16,500,000.00 (USD)

1.666.500.000,00 CVE

Additional Value

$0.00 (USD)

0,00 CVE

1%

% Execution

Goal

The Renewable Energy and Improved Energy Efficiency in Public Utilities Project aims to increase renewable energy production and improve the performance of the electricity sector in Cabo Verde by leveraging private financing.

Description

This project fits within the Renewable Energy penetration targets defined in the Energy Sector Master Plan 2018-2040 approved by the Government, of 30% by 2025 and more than 50% by 2030. In this context, the Government of Cabo Verde has negotiated with the International Development Association (IDA) of the World Bank Group its financing for a total amount of USD 16,500,000 (sixteen million US dollars).

Components​

Title Amount In USD

Indicators

Beneficiary Entities