Ivory Coast tbg energy

How will energy be sold in Ivory Coast?

Energy produced will be sold under a power purchase agreement with the Compagnie Ivoirienne d’Électricité. Ivory Coast is ramping up energy infrastructure development projects in a bid to diversify its energy mix, expand its electric grid, attract sustainable investment, and boost socioeconomic growth.

How will the Ivory Coast power plant work?

The power plant will be fueled by natural gas and will utilize combined cycle technology, thus generating energy more efficiently. Moreover, the Ivory Coast aims to boost energy exports with the station’s output while meeting the country’s baseload requirement.

What is Ivory Coast's gas strategy?

Last year, Ivory Coast’s Minister of Mines, Petroleum and Energy Mamadou Sangafowa Coulibaly announced the country’s strategy to fast-track the development of the country’s gas reserves.

Does Ivory Coast have a reliable power supply?

Unlike other countries in sub-Saharan Africa, the Ivory Coast reliable power supply in the region, exporting electricity to neighboring Ghana, Burkina Faso, Benin, Togo, and Mali. Ivory Coast aims to produce enough renewable energy by 2030 to reduce its greenhouse gas emissions by 28%.

How much does the Ivory Coast energy station cost?

Moreover, the Ivory Coast aims to boost energy exports with the station’s output while meeting the country’s baseload requirement. The construction phased permitted the creation of approximately 800 jobs and will create 75 permanent positions during operations. Total cost of the project is estimated at €404 million.

How much oil & gas does Ivory Coast have?

Estimates put the field reserves to between 1.5 to 2 billion barrels of oil and about 1.8 to 2.4 trillion cubic feet of gas. Ivory Coast is set to build Africa’s first biomass power plant 100 km east from Abidjan.