Decree No. 14/2012 establishing an Agreement between the ECOWAS Bank for Investment and Development (EBID) and Cape Verde partially financing the project for reinforcing electricity production and distribution systems of the islands of Santo Antão, Fogo, São Nicolau and Boavista.

This Decree approves the Agreement between the ECOWAS Bank for Investment and Development of the Economic Community of Western States of Africa (CEDEAO) - BIDC and the Government of the Republic of Cape Verde for the partial financing (€3.937.000,00) of the project for the reinforcement of the electricity production and distribution systems of the islands of Santo Antão, Fogo, São Nicolau and Boavista in the Republic of Cape Verde. This Agreement, signed on 19 November 2012 in English, and consisting of 10 Sections and 2 Annexes, establishes the requirements to be satisfied in order to benefit from this project which main objectives are: to satisfy the demand for electricity on the above mentioned four islands through the rehabilitation and expansion of the current electricity production and distribution capacity. The specific objectives are: to improve the efficiency of electricity production and distribution on the four islands, to increase the reliability of electricity supply on the network; and to improve the access to electricity of consumers in rural areas and villages that are currently not connected.