World Bank approves $82.5 million funding to boost Mauritania’s energy and mineral resources

The World Bank approved the “DREAM” project, a major initiative aimed at supporting the development of energy resources and the mineral sector in Mauritania. With a funding of $82.5 million, the project is set to enhance the country’s energy infrastructure by developing electricity storage systems, advancing battery technology, and fostering the growth of green hydrogen. The project is a crucial step in promoting economic growth, creating jobs, and ensuring long-term energy security in Mauritania.

The DREAM project aligns with Mauritania’s national energy objectives and supports the broader goal of achieving universal electricity access by 2030, as outlined in the Energy Charter 300 initiative. The project’s key components include the construction of the country’s first large-scale battery-based electricity storage facility, which will enable Mauritania to fully harness its abundant solar and wind resources, ensuring a more reliable and sustainable electricity supply. Furthermore, it supports the implementation of the recently adopted Green Hydrogen Code, helping to develop legal frameworks, environmental standards, and institutional capacities while attracting private investment.

This initiative underscores the strong collaboration between Mauritania and 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), and others. Together, these partnerships will help Mauritania realise its vision of energy security and establish a robust foundation for sustainable development, benefiting both its citizens and the broader economy.