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.

What is the energy sector in Cape Verde?

Cape Verde energy sector is strongly characterized by consumption of fossil fuels (derived oil-primary imported oil), biomass (wood) and use of renewable energy particularly wind and solar power.

Will Cape Verde provide 100% of its electricity by 2040?

Cape Verde's authorities say they want to provide 100% of its electricity from renewable sources by 2040. Produced by Nicolas Negoce Edited by Munira Hussein 95% of Cape Verde has access to the electricity but a third of the population still relies on firewood and charcoal for cooking.

Does Cape Verde have biomass?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Cape Verde: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.

How does Manuel Nunes help Cape Verde?

Cape Verde is an archipelago making it an expensive challenge to connect the various islands to the electric grid. Manuel Nunes helps remote island communities, who find it a challenge to meet electricity costs, with affordable solar panels allowing them access to renewable and cheaper electricity.