Benin: MCC plans ‘$370m engagement’

The US Millennium Challenge Corporation (MCC) is planning a $370m ‘engagement’ for Benin, including grants for solar projects, network expansion, policy reform, support for the offtaker and more commercial tariffs, MCC vice-president Kamran Khan told the Africa Energy Forum in Dubai on 9 June. This “classic MCC package” is scheduled to go to the agency’s board for approval in H2 2015. The MCC board in December 2011 declared Benin eligible to develop a second compact, but it subsequently failed to meet MCC indicators and was not reselected as eligible until the US 2014 financial year.