Benin Power Compact

“I hope for an electricity sector with sustainable growth”
Ismène Ahamide Zounmenou is growing her business through MCC’s Benin Power Compact.
Only one-third of Benin’s population has access to electricity, and total per-capita consumption is low due to limited access to and availability of electric power. At the same time, rapidly growing demand, inadequate maintenance, and insufficient investment have stressed Benin’s national electrical grid, leading to poor quality service that impacts households, hurts businesses and hinders social services.
To tackle these issues, MCC is partnering with Benin through a $375 million compact designed to modernize the West African country’s power sector. The compact, which is supplemented by a $28 million contribution from the Government of Benin, aims to strengthen the national utility, attract private sector investment, and fund infrastructure investments in electricity distribution as well as off-grid electrification for poor and unserved households.
Financials
Financials as of December 31, 2020
Compact Budget
Milestones
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Entry Into Force:
June 22, 2017 -
Signed:
September 9, 2015
Compact Projects
As of December 3, 2020