NewsBenin Floats Electricity Generation Company

Benin Floats Electricity Generation Company

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SAN FRANCISCO, December 05, (THEWILL) – Benin Republic has set up an electricity generation company, called Beninese Electricity Production Company (SBPE), to achieve its dream of energy autonomy, the Council of Ministers indicated in Cotonou.

In Benin, 75 per cent of households do not have access to electricity. After the opening of the energy sector to private investors in February 2020 (for the production, transmission, distribution and marketing of electricity), the country announces the creation of the Beninese Electricity Production Company (SBPE) and the approval of its statutes.

In a statement on Friday, the Council said the SBPE is distinct from the Beninese Electricity Energy Company (SBEE) whose essential mission will be refocused on distribution,

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The SBPE will be a public capital company responsible for the production and sale of electricity through the exploitation of its own assets, purchase of solar energy produced by private operators and the sale of electricity to SBEE and the development of renewable energies.

The new company will have state production assets currently in operation or under construction, such as the Maria-Gléta 2 thermal power plant, commissioned in August 2019, the Maria-Gléta 3 thermal power plant, whose construction process is underway, and the photovoltaic solar power plant built as part of the DEFISSOL project.

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