- Senegal set to open the sector for private investments
- SENELEC to be restructured
- To grant private licences for transmission and distribution
Senegal is set to allow private investments its electricity sector, this comes after its Parliament passed a set of Bills providing the legal framework for the reform of its electricity sector. The country operates a monopoly with state ownership of electric utilities. Energy Minister Aissatou Sophie Gladima announced, the country will restructure state-owned power company SENELEC and grant licences to private investors in the transmission and distribution sectors.
According to Gladima ”The objective of this reform is to have a legal and institutional framework for the energy sector conducive to improving financial viability and good governance for the supply of electricity”.
The new law will establish a regulatory authority for Senegal, the regulatory authority will develop a framework for the achievement of 100% access to electricity by 2025.