How will the Electra project support the government of Cabo Verde?

Finally, the project will support the Government of Cabo Verde’s goal to mobilize private and public capital for energy sector investments, by increasing stakeholders’ capacity and supporting the restructuring and privatization of the electricity utility ELECTRA.

Will Cabo Verde privatize Electra?

“ The project will build on recent efforts from the World Bank to support the Government of Cabo Verde in the privatization of the electricity utility ELECTRA. A first step has been taken with the enactment of the power sector reform decree law, supported by the Cabo Verde First Equitable and Sustainable Recovery Development Policy Financing.

Does Cape Verde have solar power?

In 2012 Cape Verde had an installed electricity generation capacity of around 300 MW, of which about 24% from wind power plants and 3% from photovoltaic stations. While solar power has an enormous potential as a source of renewable energy, natural conditions in Cape Verde are one of the best in the world for the production on wind energy.

Is Cape Verde a viable alternative to fossil fuels?

Solid waste can also represent an adequate option while ocean and geothermic energy are being tested, with uncertainties remaining as to their efficiency. Cape Verde has an estimated potential of 2,600 MW of renew-able energy, and more than 650 MW have been studied in concrete projects, which have lower production costs than fossil fuels.

What is the EU – Cape Verde special partnership?

The EU – Cape Verde Special Partnership was approved by the Council at the end of 2007 and is now in its implementation phase on the six priority sectors: governance, security, information society, regional integration, normative and technical convergence towards EU standards and fight against poverty.