CAPITAL : Yamoussoukro
POPULATION : 22,16 millions inhabitants
GDP 2014 : 34,25 billion dollars
ELECTRICITY PRODUCTION (2015) : 7 748 GWh
ELECTRICITY CONSUMPTION : 240 kWh/inhabitant*
*France : 7 500 kWh/in.
ENERGY MIX OVERVIEW
- The Ivorian power industry has historically been among the most important of West Africa
- The country exports its production surplus (approx. 8% of total in 2013) towards Benin, Burkina Faso, Ghana, Mali and Togo
- The hydropower capacity is mainly originated by 3 large dams built in the 70’s.
- The country enjoys a steady economic growth (8.5% annually over the last 4 years)
- Internal power demand increases 10% every year
MARKET OUTLOOK AND PROJECTS TO COME
POLITICAL AND REGULATORY FRAMEWORK
Ivory Coast is the most advanced country in the region regarding PPP contracts, and it notably possesses a very attractive investments code. The national power company (“Compagnie Ivoirienne d’Electricité” : CIE) holds a quasi-monopoly on transmission and distribution. The CIE is in charge of settlements with independent producers (electricity and gas) in accordance with the terms of the Power Purchase Agreements (PPA) which normalize the relations.
Ivory Coast intends to reach an installed capacity of 4000 MW in 2020, mainly with private sector participation thanks to PPAs. This plan includes a section on renewable energies, which must reach 15% of the electric mix in 2020, and 20% in 2030 (large hydropower excluded). A new law defining the regulatory framework for renewable energies is being prepared.
- The undeveloped potential for hydropower is estimated at 7000 MW, of which 1847 MW could be economically exploitable.
- As part of the 2020 plan, 7 new projects totaling a capacity of 1150 MW have been announced.
- These new projects will use PPP processes.
- Ivory Coast is well endowed with solar energy with an average GHI of 2077 kWh/m². Especially, the northern part of the country has a strong potential thanks to abundant solar irradiation.
- As part of the electricity for all objective, the State is getting interested in mini-grids, for which photovoltaic is perfectly suited. Indeed, numerous public lighting projects using solar street-lamps have already emerged.
- At 3,76 m/s, the average wind speed is rather low. Only a few regions (west coast, Korhogo) have interesting winds.
- Ivory Coast has one of the best potentials in Africa, with an annual capacity valued at 12 million tons of biomass.
- This resource is decentralized and abundant, which makes it the most promising renewable energy in the short term. That’s why biomass is expected to fulfill most of the objective to reach 15% renewables in 2020.
- The private sector is interested in this energy for auto consumption ends.
- The Biokala project, realized by SIFCA and EDF, will become the largest biomass plant of Africa with 46 MW. The plant will be fueled by 400 000 tons of vegetal waste from palm oil production. Other projects (Sitrade, Groupe Eoulee) are being developed
An analysis by Finergreen, expert in renewable energy.