With energy demand growing at an average of 10% per year, addressing the institutional, financial, capacity, and knowledge barriers to the development of low carbon energy pathways are central to Mali’s core development objectives.
Source: World Bank
Mali is tapping $40 million in grant and near-zero interest credit financing from the SREP to support policy and institutional strategies, financial and regulatory frameworks, and sustainable investments in renewable energy solutions. The goal is to target proven technologies and best practices that will allow productive use of energy and improve the livelihoods of Malian populations.
Focus is on removing barriers inhibiting the scaling-up of private sector investments and increasing electricity access in rural areas through standardized business models for solar PV and biofuel hybrid mini-grid schemes and development of mini/micro hydroelectricity.
Urban rates of electricity access are around 55%, but nearly 75% of the population lives in rural areas where electricity access is 15%
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Project for Scaling Up Renewable Energy in Mali||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 1.5||FUNDING (USD MILLION) 1||MDBAFDB|
|Rural Electrification Hybrid Systems||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 14.9||FUNDING (USD MILLION) 41||MDBIBRD|
|Segou Solar Park||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 25||FUNDING (USD MILLION) 18||MDBAFDB|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.