What does Gabon Power Company do?

Gabon Power Company develops and co-finances projects to provide cost-effective and sustainable energy that supports Gabon’s economic activity. Our projects aim to accelerate the growth of the economy for the benefit of the population and future generations.

Does Gabon have a hydropower monopoly?

In 2019, SEEG was renationalized and holds the monopoly on power production and distribution. Gabon hydropower provides more than half (51 percent) of Gabon’s current 2,000 gigawatt (gw) of electricity per year, from an installed capacity of 720 megawatt (mw).

How much does a hydropower project cost in Gabon?

The project will cost nearly $12.7 million. Construction of several hydropower projects is planned but there have been several years of delays and search for funding. World Bank studies indicated that Gabon’s nine provinces would require an installed capacity of at least 1,250 mw by 2040.

How much power does Gabon need for industrialization?

However, closer to 1,850 mw will likely be needed to power planned industrialization for new processing enterprises to transform Gabon’s natural riches such as timber, manganese, and iron, which are currently exported as raw materials. This is a best prospect industry sector for this country.