Compact with Africa: Côte d'Ivoire Leveraging the Compact with Africa to Catalyze Private Sector Investment Presented by: Honourable Minister Mr. Thierry TANOH Africa Investment Forum Minister for Petroleum, Energy and Renewable Energy November 7th, 2018 1
Po Policy priorities and refo forms ms Catalyzing Private Sector Investment 1: Reliability and Security of supply 2: Access to energy for all o o Increase electricity generation capacity; Electrify all localities by 2025; o o Develop the transmission and distribution network; Promote effective access to electricity for economically weak households. o Set up a Liquefied Natural Gas (LNG) unit. 4: Regional energy hub 3: Environmental concerns o o Further develop electricity interconnections between Increase the share of renewable energies in the States; energy mix (42% in 2030). o Ensure the adaptation of the legal framework linked to the advent of the regional market. 2
St Status us o of P Priority A Actions ns Next Steps Expected Compact with Africa Focus Actions Progress – Costs Area(s) Required Support (M$) Next Steps: Increased emphasis on ü Improve network performance ü Macro economic stability ü the fight against fraud; Financial Invest: Performance of public ü Other network investment projects ü viability of utilities 4500 Improving network ü Mobilization of private ü the performance; Required Support: institutional investments electricity TA: De-risk investments ü Technical assistance Increase in hydropower ü ü sector 10 Business environment ü production Vs reduction and regulation in gas thermal production Next Steps: Set up guarantee mechanisms and ensure the ü Launch of the second ü raising of financing from commercial banks Financing: phase of the mission to 1000 refinance the short-term Implement sustainable concessional financing ü Mobilization of private ü debt of the Electricity institutional investments Financing Sector guaranteed by the Operationalize the National Energy ü TA: World Bank; Management Fund Macro economic stability ü 2 Participation in the ü Required Support: Scaling solar initiative Technical assistance ü 3
In Investment Opportunities in the Electricity Sector Pipeline of Seven Priority Projects to Catalyze Private Sector Investment: 1 2 3 4 Power Generation Power Generation Power Generation Off-Grid 295 235 262 300 US$M US$M US$M US$M Biomass to Power Mini-hydro to Power Mini-grid and Solar Solar PV Plants Plants Plants kits 5 6 7 Transmission Distribution Supply 91 985 160 US$M US$M US$M Extension of Security of Gas Green Corridor Distribution Network Supply US$ 2.42 Billion Total Portfolio Value 4
Pi Pipeline Pr Project 2 (RE Generation): Bi Biomass power plants IMPACT 178 80 235 62 000 kTCO2/year Electrified Emissions MW Million US$ households avoided Creating an enabling environment for private sector investment… Renewable Energy Roadmap Published in July 2018 to achieve Renewable Energy Target by 2030 • Installed Capacity Biomass (MW) Renewable Energy Policy Paper will be published in December 2018 • 20 Strategy to boost Private Investment in the Off-Grid Space will be adopted before End December • SERES BIOMASS PROJECT Mini-grid Regulation and a Decree for tax exemption for Solar products to encourage private sector • 20 COCOA BIOMASS PROJECT investment in the Off-Grid Space BIOMASS PROJECT 3 10 (call for tenders) Support required: Biomass Financing structure BIOMASS PROJECT 4 10 o (call for tenders) o Bi or multi-lateral partner: Donations, Technical assistance for project concessional loans, guarantees....... management; BIOMASS PROJECT 5 20 o o Government: Environmental and Social Capacity building (procurement, (call for tenders) Management Plan negotiations and pricing); 80 80 Total To o o Private sector: Investment Financing sought: loans, concessional financing, guarantees 5
Thank you for your attention. 6
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