ECOWAS BANK FOR INVESTMENT AND DEVELOPMENT (EBID) GROUP March 2006.
Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment...
Transcript of Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment...
![Page 1: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/1.jpg)
Investment Prospectus : General assessment and perspectives Cabo Verde
WWW.ECREEE.ORG
ECOWAS SUSTAINABLE ENERGY WEEK
“Towards a Viable and Robust Energy Market in the ECOWAS Region” 17 - 19 October 2016
Project funded by the European Union EuropeAid/Development Cooperation Instrument DCI-ENV/2013/335-152
![Page 2: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/2.jpg)
Analysis of renewable energy and energy efficiency policies
• National Strategy (NREAP, NEEAP, SE4ALL Action Agenda)
RENEWABLE ENERGY 2010 2020 2030
Renewable energy installed capacity in MW 2,4 MW 100 – 200 MW 150 – 300 MW
Percentage of renewable energy installed capacity 2,40% 100,00% 100,00%
Total generation from renewable energy in GWh 4,1 GWh 485,2 GWh 760,2 GWh
Total penetration of renewable energy in electricity production 1,20% 100,00% 100,00%
Improved cookstoves: measured relatively to the percentage of the population that uses firewood ND 15,70% 3,20%
Use of alternative modern cooking fuels (mostly LNG) - percentage of the population 70,20% 76,60% 91,30%
Percentage of new residences (new single-family households) with solar thermal systems ND 100,00% 100,00%
- Health centers, maternities, canteens and boarding schools (new) with solar thermal systems as percentage of the total ND 100,00% 100,00%
- New agri-food industries (water pre-heating) with solar thermal systems as percentage of the total ND 100,00% 100,00%
- Hotels (new) with solar thermal systems as percentage of the total ND 100,00% 100,00%
ENERGY EFFICIENCY Targets
Goal 2030 - 20,0% of final energy demand compared to the base scenario
Specific targets
10,0% reduction in the consumption of diesel, gasoline, petrol and jet A-1 in 2030
compared to the base scenario;
20,0% reduction in the electricity consumption in 2030 compared to the base scenario;
Reduction of technical and total losses to about 8,0%;
Reduction of the number of families using firewood (to approximately 2% in urban areas
and 10% in rural areas) and ending of the use of three-rock cookstoves
![Page 3: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/3.jpg)
Regulatory framework in place
WWW.ECREEE.ORG
CURRENT SITUATION
Energy policy
• Government energy strategy (2008); The strategic plan for renewable energy PESER was approved by resolution of the council of Ministers No. 7/2012 on December 9; NREAP, NEEAP and SE4ALL AA (2015).
Energy Law
• Law 13/VIII/2012: General protections for investors
• Law 26/VIII/2013: General fiscal incentives to investments, including for renewables
Ministerial implementation decrees
• Law Decree 14/2006: Organizational framework, role of stakeholders and tariff regulatory principles
• Law Decree 30/2006: Licensing procedures for IPPs and Auto Producers
• Law Decree 1/2011: Incentives for renewable energy development and special procedures for licensing renewable energy projects
ONGOING PROJECTS
• Legal, regulatory and administrative structure procedures preparation for launching new tenders.
• Grid Code.
• MASTER PLAN FOR THE ELECTRICITY SECTOR:
• the national authorities will have access to international know-how and expertise to the development of projection scenarios of the energy sector development and the necessary investments in line with the overall objectives of the national energy policy.
![Page 4: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/4.jpg)
New Program of Governance
WWW.ECREEE.ORG
BASIS FOR ENERGY POLICY
• The use, as far it is technically and economically feasible, alternative energy sources, particularly renewable and clean energy.
COMMITEMENTS
• Work to reduce the energy bill by at least 25% over the legislature.
• Ensure 100% coverage in terms of supply of energy and water throughout the country.
• Transform the sector of services related to renewable energy in a general industry jobs and exporter.
• Adopt a level of social tariffs for electricity and water.
• Promote a culture of optimization of energy demand.
• Reduce inefficiencies in the supply of energy.
• Qualify Regulation.
• Implement the “zero bureaucracy” in the energy sector.
MEASURES
• Promote wind energy on a large scale to the maximum penetration rate.
• Investing in the short term on solar photovoltaic for small and medium-scale projects, in the line with demand, particularly in remote areas, farms or streetlights.
• Encouraging the use of solar thermal for use in hotels, public buildings and schools.
• Using hybrid systems Diesel / Wind / Solar production of desalinated water.
• The Unbundling of ELECTRA
REDUCE THE COST OF CONTEXT AND PROMOTE ECONOMIC EFFICIENCY
![Page 5: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/5.jpg)
Pipelines of the IP
WWW.ECREEE.ORG
Pipeline 1
• Production, transport and distribution (on-grid)
Pipeline 2
•Not connected to the grid(Mini-Grids and standalone systems)
Pipeline 3
•Bioenergy and sustainable cooking
Pipeline 4
• Energy Efficiency
Pipeline 5
• Enabling environment
![Page 6: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/6.jpg)
Projects connected to the grid
• Identified needs • Presently there are no technical conditions to install more
medium/large scale on-grid renewable energy projects in major island (Santiago, São Vicente, Sal and Boavista)
• Only smaller islands have technical conditions to install new small scale on-grid renewable project
• Identified type of projects • No on-grid projects under development were identified yet
(Call for Projects still ongoing)
WWW.ECREEE.ORG
Pipeline 1
• Production, transport and distribution (on-grid)
![Page 7: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/7.jpg)
Projects not connected to the grid
• Identified needs • There are opportunities for off-grid projects in some rural
communities in Santiago and Santo Antão islands
• Identified type of projects • Some potential projects were already identified. Waiting for
details (Call for Projects still ongoing)
WWW.ECREEE.ORG
Pipeline 2
•Not connected to the grid (Mini-Grids and standalone systems)
![Page 8: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/8.jpg)
Projects of energy efficiency
• Identified needs • Eco-labeling system for Cape Verde
• Efficiency improvement for Public and Private Buildings
• Identified type of projects • Some potential projects were already identified. Waiting for
details (Call for Projects still ongoing)
WWW.ECREEE.ORG
Pipeline 4
• Energy efficiency
![Page 9: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/9.jpg)
Projects to improve enabling environment for energy investments
• Identified needs • Household Renewable Systems regulation development
(Micro-generation regulation) • Creation of conditions to increase the renewable energy
integration capacity in Cape Verde (storage projects and RE management systems)
• Creation of conditions to increase energy efficiency in Cape Verde
• Among others
• Identified type of projects • Some potential projects were already identified. Waiting for
details (Call for Projects still ongoing)
WWW.ECREEE.ORG
Pipeline 5
• Enabling environment
![Page 10: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/10.jpg)
Identified projects in the country (baseline)
# PROJECTS # MW
Wind Solar Hydro Biomass/MSW Hybrid Other Wind Solar Hydro Biomass/MSW Hybrid
Pipeline 1 19 12 4 0 1 0 108,42 27,285 125 0 2
Pipeline 2 0 0 0 0 0 0 0 0 0 0 0 Pipeline 3 0 0 0 2 0 0 0 0 0 7,5 0 Pipeline 4 - - - - - 0 - - - - -
Pipeline 5 - - - - - - - - - -
TOTAL
19 12 4 2 1 0 108 MW 27 MW 125 MW 8 MW 2 MW
38
270 MW
Pipeline 1 Generation, Transmission and Distribution (on-grid)
Pipeline 2 Off-Grid (Mini-grids and standalone systems)
Pipeline 3 Bioenergy and Cooking projects
Pipeline 4 Energy Efficiency
Pipeline 5 Enabling Environment
19
12
4 0 1
Pipeline (Projects)
Wind Solar Hydro Biomass/MSW Hybrid
108.42
27.285
125
0 2
Pipeline (MW)
Wind Solar Hydro Biomass/MSW Hybrid
Presented baseline projects are still not assessed nor validated!! Call for projects process is still ongoing and other projects will be surely added.
![Page 11: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/11.jpg)
Cabo Verde - SE4All Investment Prospectus development status and next steps
• SE4ALL Investment Prospectus start date: 2016 June 29th
• First Mission: 2016 September 19th to 23rd • Project selection criteria definition
• Consultation meetings with Energy Sector relevant stakeholders (Regulatory Agency, Private Promoters, National Utility, Donors, …)
• Call for Projects (“Project Fiches”) launch: 2016 November 30th
• Deadline for “Project Fiches” submission: 2016 October 31st
• Project Fiches analysis and submitted projects assessment and evaluation
• Second Mission • Presentation and discussion of the suggested Investment Prospectus Pipelines
• Consultation and clarification meetings with project promoters (if/when needed)
• SE4ALL Investment Prospectus draft preparation
• SE4ALL Investment Prospectus review and validation (Government, ECREEE and AfDB Quality Circle Review)
• SE4ALL Investment Prospectus expected finish date: 2017 March 31st
![Page 12: Investment Prospectus : General assessment and ... · Investment Prospectus : General assessment and perspectives Cabo Verde ECOWAS SUSTAINABLE ENERGY WEEK “Towards a Viable and](https://reader036.fdocuments.in/reader036/viewer/2022062917/5ed5289b4f7c22423b199249/html5/thumbnails/12.jpg)
Dynamics of the energy sector to unlock private investment in the country
ONGOING PROJECTS
• Legal, regulatory and administrative structure procedures preparation for launching new tenders
• MASTER PLAN FOR THE ELECTRICITY SECTOR
PRELIMINARY IDENTIFIED PROJECTS
• Household Renewable Systems regulation development (Micro-generation regulation)
• Creation of conditions to increase the renewable energy absorption capacity in Cabo Verde: • High-penetration Grid Management System for the major island of the Archipelago • Pumped storage solution to increase renewable energy penetration in Santiago island • Among others
• Creation of conditions to increase energy efficiency in Cape Verde: • Energy efficiency improvement project for Public Buildings • Energy efficiency Program for Private Sector • Among others