The Togolese government plans to mobilize 3 billion dollars, including 1.68 billion from the private sector, to finance a National Energy Pact whose signature is scheduled for next September.
In detail, we learn that these resources will be mainly directed towards energy production in order to reduce the energy deficit. The initiative is announced in a context of crisis in the sector, which has led the government to carry out a series of reforms including the revision of electricity tariff rates.
Lomé’s objective is to achieve universal access to electricity by 2030. This has been a goal of the authorities for several years, and is well integrated into the national energy strategy. The latter also aims to increase the share of renewable energies to 50% of installed capacity by 2025.
In 2024, an envelope of 57 billion CFA francs (approximately 100 million USD) was injected into the energy sector, according to the supervising ministry.
