News

Senegal Signs First CDM Agreement with World Bank

L-R: Samuel Amet Sarr, Minister of Energy, Senegal; Meskerem Mulatu, World Bank; and Modibo Diop, Director General, Senegalese Rural Electrification Agency (ASER)4 September 2008: The Senegalese Agency for Rural

Electrification (ASER) and the World Bank have entered into an agreement for

the provision of 1.5 million compact fluorescent lamps (CFLs) to Senegal's

rural areas. The project will be carried out as a Clean Development Mechanism

(CDM) programme of activities, and is Senegal's first CDM project.

Under the

agreement, ASER's Energy Efficient Lighting Programme, which is a component of

its rural electrification plan, will provide the lamps for installation once

the targeted rural communities are electrified. According to Joëlle Chassard,

manager of the World Bank's Carbon Finance Unit, “the ASER Energy Efficient

Lighting Programme sets an example for a new approach to make energy access

more affordable and in the process scale up carbon finance in Africa. It paves

the way for the development of new programs focusing on sectoral intervention

at a national or regional level which will use carbon finance to catalyze

low-carbon energy projects.”

The

agreement signed by ASER and World Bank provides that ASER will sell 120,000

tons of CO2 equivalent greenhouse gas emissions reductions achieved by the use

of the CFLs, to the Community Development Carbon Fund, a partnership of nine

governments and 16 countries managed by the World Bank. [World Bank Announcement] [World

Bank Press Release]