Energy Resource Development Project
Mauritania Develops Energy Sector with Support from the World Bank
In a culmination of Mauritania's efforts to develop the energy sector and enhance energy infrastructure, the World Bank today approved the "Energy Resource Development and Mining Sector Support Project," known as the "DREAM" project.
This project, with a financial envelope of $82.5 million USD, aims, among other things, to develop electricity storage and battery usage, promote green hydrogen development, and support strategic sector reforms.
In this regard, the DREAM project represents a strategic step toward achieving national energy goals, as it boosts economic growth, supports job creation, and ensures long-term energy security.
It is also a pivotal step towards accelerating the realization of the "Energy Pact 300" initiative, which will significantly contribute to achieving the goal of universal electricity access by 2030.
The project will enable the funding and construction of Mauritania's first large-scale electricity storage facility using batteries, allowing the country to make optimal use of its abundant solar and wind energy resources, ensuring more reliable electricity supplies.
Additionally, the DREAM project will contribute to the implementation of the recently adopted Green Hydrogen Code, including the development of legal and regulatory frameworks, strengthening environmental and social standards, attracting private investments, building institutional capacity, supporting technical education, and developing national skills.
The project reflects the close and successful collaboration between Mauritania and its international partners: the World Bank, the International Finance Corporation (IFC), the German Agency for International Cooperation (GIZ), the European Union, the United Nations Development Program (UNDP), the French Development Agency (AFD), the Energy Sector Management Assistance Program (ESMAP), the Public-Private Infrastructure Advisory Facility (PPIAF), and the Korea-World Bank Partnership Fund (KWPF).
Through these multilateral partnerships, Mauritania reaffirms its commitment to continuing the implementation of development projects that fulfill its vision for energy security, benefiting citizens and enhancing its ability to attract investments.