Ivory Coast Highlights Energy Progress at New York Roundtable on West Africa’s Power Solutions

During a roundtable discussion organized by Power Africa and the Millennium Challenge Corporation (MCC) on September 24, 2024, in New York, Ivory Coast’s Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, showcased the country's achievements in the energy sector over the past decade. The roundtable, titled "An Energy Solution for West Africa," provided a platform for discussing innovative energy solutions for the region.

Minister Sangafowa-Coulibaly emphasized the substantial progress made by Ivory Coast in both electricity generation and renewable energy. He highlighted that the country’s investment plan is designed not only to meet domestic electricity demands but also to supply energy to neighboring countries. However, he acknowledged some challenges, particularly the limited availability of natural gas and the financial stability of the sector, which is impacted by the selling price of electricity per kilowatt-hour (kWh).

The minister pointed out that while renewable energy sources are crucial, their intermittent nature requires reliable gas-powered electricity to ensure consistent supply. He stressed that natural gas is the most affordable and dependable option for Africa, calling for increased investments in gas exploration and exploitation. Additionally, Sangafowa-Coulibaly advocated for better access to low-interest financing for the private sector, enabling the production and sale of electricity at lower costs.

Alice Albright, Executive Director of the MCC, commended Ivory Coast’s energy policies and the country’s efforts over recent years. She noted that Ivory Coast's selection as a regional energy hub within the MCC’s regional compact, backed by $300 million in funding, reflects its leadership in energy infrastructure. This financial package will further enhance the nation's production, transportation, and distribution networks, solidifying its role as a key player in West Africa's energy future.