IFC partners Sodigaz to boost access to cleaner energy solutions

BURKINA FASOThe International Finance Corporation (IFC) and Sodigaz, an energy company, have announced an agreement to boost access to cleaner energy solutions for thousands of households and businesses in Burkina Faso

Under the agreement, IFC’s Advisory Services team will support Sodigaz to upgrade and expand its liquified petroleum gas (LPG) distribution and service stations, increase solar home kit sales, and introduce solar mini grid solutions.

The company is the country’s leading distributor of LPG and in 2019 also launched solar power 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 emissions of greenhouse gases and other pollutants, and improving lives of women who bear the brunt of pollution and negative health outcomes from cooking with these fuels.

"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."

“Our aim, with IFC’s support and global expertise, is to become a leading player in providing off-grid clean energy solutions in Burkina Faso,” said Lala Bolly, Chief Executive Officer of Sodigaz.

“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.”

Limited supply of sustainable energy and fuel options for households and industry in Burkina Faso has 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.

IFC is proud to support Sodigaz’ ambition to help Burkina Faso switch to cleaner energy. Africa’s growing economies need new solutions to longstanding energy challenges and private sector companies like Sodigaz can help meet that need, while also improving living standards for millions of Burkinabè,” said Ronke Ogunsulire, IFC’s country manager for Burkina Faso.

For the next four years, IFC aims to deliver up to US$1.2 billion in investments in the Sahel, including mobilization, in key sectors for growth and social progress, such as infrastructure, green energy, agribusiness and value chain development, and financial inclusion.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.