Mauritania: World Bank approves loan for electricity resources
The World Bank has approved the DREAM project, an initiative aimed at supporting the development of energy resources and mineral stores in Mauritania.
According to the Moroccan government-friendly North Africa Post on March 31st, the bank has funded Mauritania with $82.5 million.
This project will enhance the country’s energy infrastructure through the development of electricity storage systems, advancing battery technology, and supporting the growth of green hydrogen. The project is set to greatly promote economic growth in Mauritania, creating jobs, and ensuring long-term energy security.
The DREAM project supports Mauritania’s national energy objectives, also helping achieve the broader goal of establishing universal electricity access by 2030, which is outlined in the Energy Charter 300 initiative.
DREAM’s key components also include the construction of the country’s first large-scale battery-based electricity storage facility, which will allow Mauritania to fully harness its solar and wind resources ensuring a greener, more sustainable electricity supply.
Mauritania is currently in collaboration with several international partners, including the World Bank, the International Finance Corporation (IFC), the German Agency for International Cooperation (GIZ), the European Union, the United Nations Development Programme (UNDP). These partnerships aim to aid Mauritania in realizing its vision of energy security and to establish a secure foundation for sustainable development.
The North African country has taken other steps to improve its electricity connection across Western Sahara. In February, Mauritania signed an agreement with Morocco to connect their electricity grids. The two countries also coordinated over telecoms and infrastructure in January.
The North Africa Post, Maghrebi, World Bank
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