BUSINESS

Gambian Electricity Company Secures Funding For Power Projects

 

The Gambian National Water and Electric Company (NAWEC) has announced that it has secured funding for several power sector projects.

In a statement, the Managing Director NAWEC, Nani Juwara, stated that the state-owned utility had secured funding for the electrification of over 685 communities nationwide.

He made this known during the validation of the strategic roadmap 2021-2030 for the Gambian power sector.

” The roadmap aims at highlighting the investment pathways for sector stakeholders. Another important highlight of the roadmap is the least cost investment plan to ensure that electricity is accessible and affordable. As we are all aware, energy cost in The Gambia is relatively high due to the method of power generation and the age of our generation facilities.” Juwara stated.

”The overall objective of updating the roadmap was to develop a strategic Master Plan for the electricity sub-sector of the Gambia that is fully consistent with the macroeconomic, energy, investment and climate-related policies of the government of The Gambia, and represent the high-level vision of the Government for the development of the sector over the next 20 years,” he added.

The strategic roadmap highlights the medium to long term investments necessary for the improvements in the generation, transmission and distribution subsectors.

The Gambia aims at improving universal electricity access by 2025.

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