Côte d'Ivoire Energy

Chapter | Energy & Mining from The Report: Cote d'Ivoire 2022

As the country returns to robust economic growth and its population expands, electricity demand is set to rise. At the same time, new offshore discoveries promise a brighter future for the hydrocarbons sector, while the renewables segment will be instrumental in helping Côte d’Ivoire achieve its clean energy goals and improve access in remote areas. Against this backdrop, demand for projects...

After achieving a region-leading economic recovery in the decade since political stability was established, future growth and industrialisation strategy will continue to be shaped by the National Development Plan 2021-25, which constitutes a holistic approach to achieving emerging market status and meaningful poverty reduction by 2030.

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Côte d’Ivoire’s robust economic growth in the years since the country regained political stability in 2011 has resulted in a surge in energy consumption, particularly in urban areas. As of 2020 the electricity sector was the third largest in Africa in terms of installed capacity, and total energy consumption increased by 14.2% between 2011 and 2020.

Emerging markets are exploring opportunities to help meet the EU’s energy demand following the bloc’s announcement to ban seaborne imports of oil from Russia. The move, announced in May 2022 and set to be implemented by the end of the year, forms part of the sanctions crafted in response to Russia’s invasion of Ukraine in February 2022.

As mining investment continues to increase across the region, many West African countries have introduced regulations to ensure that mining operators take into account the needs of local communities and the potential impact on the environment.

With potentially significant untapped resources and the government committed to making mining a key pillar of growth for the economy, Côte d’Ivoire’s extractive minerals sector looks set for robust growth. Gold, nickel, bauxite, diamonds, manganese, columbite and tantalite are already in production, and Côte d’Ivoire’s miners are ready to become key players in the country’s...

In September 2021 Côte d’Ivoire announced the country’s first large-scale oil and gas discovery in two decades. The discovery was made by Italy’s Eni in Block CI-101 on the Baleine prospect, some 60 km off the coast on the Gulf of Guinea. According to initial estimates, the discovery is thought to total 1.5bn-2bn barrels of oil and 1.8trn-2.4trn cu feet of natural gas. This...

What is the investment potential for solar energy projects in Côte d’Ivoire?

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