Equatorial Guinea - Master plan for the production, transportation, distribution and development of renewable energy — Equatorial Guinea

Overview

The project is included in the Bank's Indicative Operational Program for the period 2024-2026. The energy sector is a priority for the Government of the Republic of Equatorial Guinea as it aligns with the pillars [(ii) Social inclusion and sustainable peace and (iii) Production, productivity and industrialization] of the National Economic and Social Development Plan (PNDES) for the period 2020-2035. The Country Strategy Paper (CSP) for the period 2023-2028 aims to support the economic diversification of the RGE for green, inclusive and resilient growth with a view to accelerating the country's structural transformation. To achieve this objective, the following two priority areas are proposed for the Bank's interventions during this period: Pillar 1 “Promoting value chains with high growth and job creation potential” and Pillar 2 “Developing human capital and governance in support of inclusion.” The development of the energy sector is therefore essential for the achievement of the CSP, especially for pillar 1. Through the optimal investment program that will result from the master plan, the Bank could therefore identify operations in the energy sector.