World Bank Group member the International Finance Corporation (IFC) and Burkina Faso energy company Sodigaz have entered into an agreement to boost access to cleaner energy solutions for thousands of households and businesses in Burkina Faso.
Under the agreement, the IFC’s advisory services team will support Sodigaz to upgrade and expand its liquefied petroleum gas (LPG) distribution and service stations, increase solar home kit sales and introduce solar minigrid solutions.
The goal is for LPG to replace firewood, charcoal and other higher-carbon fuels that dominate the domestic market, helping to reduce Burkina Faso’s greenhouse-gas emissions and pollution, and improving the lives of women who bear the brunt of pollution and negative health outcomes from cooking with these fuels, the companies say.
“Our aim, with the IFC’s support and global expertise, is to become a leading player in providing off-grid clean energy solutions in Burkina Faso.
“If we can supply enough LPG to help people switch from dirty cooking fuels and also increase the use of solar energy solutions, we will improve the health and environment for millions of Burkinabè, especially women,” says Sodigaz CEO Lala Bolly.
Limited supply of sustainable energy and fuel options for households and industry in Burkina Faso is noted to have been a major constraint to the country’s social and economic development.
LPG is considered an important transition fuel for many Burkinabè as the country’s energy base transitions to greener options.
For the next four years, the IFC aims to deliver up to $1.2-billion in investments in the Sahel, including mobilisation in key sectors, such as infrastructure, green energy, agribusiness and value chain development, for growth and social progress and financial inclusion.