Description

West Africa is an energy-rich region with abundant oil, gas, and hydro resources. The lack of energy infrastructure, gas supply issues, and non-cost-reflective tariffs restrict reliable electricity supply which is very important for the growing economies. Complications in the West African gas pipeline (WAGP) and rampant gas flaring has led to great gas supply issues. Most countries have started power sector reforms but are still in the developing stages. This study investigates the five main criteria to get a full overview of investment opportunities in Nigeria, Ghana, Ivory Coast and Senegal. These criteria are: legal and regulatory environment, deregulation, power purchase agreement, tariff structure, and fuel market overview.