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ECOWAS to invest $36 million in electricity interconnection in West Africa

The growing demand for energy, induced by rapid population growth (around 2.5% per year), urbanization and economic development, requires urgent action to leverage the enormous renewable energy resources of West Africa. To achieve this goal, the Economic Community of West African States is planning to build electricity interconnection lines and power plants.

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The six member states of the Economic Community of West African States (ECOWAS) are considering the construction of electricity interconnection lines and new power plants in the region. The announcement was made during a meeting in Bamako, Mali, focusing on the security of payments relating to cross-border electricity exchanges in West Africa.

The countries in question are Burkina Faso, Côte d’Ivoire, Guinea, Liberia, Mali, and Sierra Leone.

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Three goals to ensure universal access to modern energy services

The Sustainable Energy for All (SE4All) initiative, launched by the Secretary-General of the United Nations, has set three goals to be met by 2024: ensuring universal access to modern energy services, doubling the rate of improvement in energy efficiency, and doubling the share of renewable energy.

According to an adviser in charge of electricity interconnection in the ECOWAS zone “Over the period 2019-2033, ECOWAS, through its regional electricity market, plans to build electricity interconnection lines and power plants. The total investment planned for the period is about $36 million (about FCFA 18.2 billion). Of this amount, $25 million (about FCFA 13 billion) will be dedicated to electricity generation and $10 million (about FCFA 5 billion) to energy transmission.”

West African countries face energy vulnerability

In the coming years, the growing energy demand caused by rapid population growth (about 2.5% per year), urbanization and economic development will require urgent measures to exploit the region’s huge renewable energy resources.

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“The rate of access to electricity in the region is among the lowest in the world, with only 42% of the total population and 8% of rural residents being served by the grid. The region faces energy vulnerability, volatile oil prices and unreliable systems,” said one expert, participating anonymously.

Second, energy poverty and its consequences for local economies and social development are expected to be the predominant challenge for West Africa until 2030. Access to electricity varies greatly: in Niger, the electrification rate is barely 9%, while Cape Verde has almost reached the goal of universal access.

It is increasingly urgent to reduce emissions

The economies of West Africa are already facing the effects of climate change and will do so even more in the coming decades. It is therefore increasingly urgent to reduce emissions and encourage appropriate adaptation measures at the regional level. At the same time, West African countries need to achieve sustainable development objectives. Given the region’s vulnerability to climate change, the urgent need for reliable and affordable energy sources poses a dilemma for policymakers.

It should be noted that an estimated 23,000 MW of hydropower potential is concentrated in 5 of the 15 member states of ECOWAS, of which only about 16% has been exploited. According to preliminary estimates, the region’s hydropower potential is about 6,000 MW. Many other forms of energy can be exploited. ECOWAS is subsequently among the strongest supporters of the SE4All initiative, which aims to help member states overcome energy poverty and is implementing a number of initiatives to achieve the objectives set.

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(Featured image by Matthew Henry via Unsplash)

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First published in Financial Afrik, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Angelique Moss is a London-based entrepreneur, writer, and traveller. The world of business, finance, and technology, is her preferred cup of tea. She also writes about the developments and discussions on health, art, luxury and media. A top writer for several Medium publications, she has published hundreds of widely read articles on investing, stocks, global markets, cannabis, and technology for multiple platforms. She is also interested in culture, history, and social affairs.