How will Gabon expand its power generation capacity?

The demand for advanced technology, skilled labor and power generation services will continue to rise as Gabon expands its electricity generation capacity, presenting significant opportunities for companies in gas extraction, power generation and transmission.

How much does a hydropower project cost in Gabon?

The project will cost nearly $12.7 million. Construction of several hydropower projects is planned but there have been several years of delays and search for funding. World Bank studies indicated that Gabon’s nine provinces would require an installed capacity of at least 1,250 mw by 2040.

Does Gabon have a hydropower monopoly?

In 2019, SEEG was renationalized and holds the monopoly on power production and distribution. Gabon hydropower provides more than half (51 percent) of Gabon’s current 2,000 gigawatt (gw) of electricity per year, from an installed capacity of 720 megawatt (mw).

Can Gabon become a regional energy hub?

As Gabon transitions from oil dependency to cleaner energy, gas-fired power generation will bridge the gap and support the country’s shift. Key infrastructure developments, such as the Owendo plant and floating power solutions, position Gabon for long-term energy security and enhance its potential as a regional energy hub.

How much power does Gabon need for industrialization?

However, closer to 1,850 mw will likely be needed to power planned industrialization for new processing enterprises to transform Gabon’s natural riches such as timber, manganese, and iron, which are currently exported as raw materials. This is a best prospect industry sector for this country.

Is Gabon a gas-to-power leader?

The Owendo power plant, VAALCO’s production expansion and the commissioning of Karpower’s floating plants are positioning Gabon as an emerging gas-to-power leader, creating extensive opportunities for investors and service companies to explore at the upcoming Invest in African Energy Forum in Paris.