Project ID: P170236
Renewable Energies and Energy Efficiency Improvement in Public Services Project
Special Projects Management Unit
Date of entry into force
The Renewable Energy and Improved Energy Efficiency in Public Utilities Project aims to increase renewable energy production and improve the performance of the electricity sector in Cabo Verde by leveraging private financing.
This project fits within the Renewable Energy penetration targets defined in the Energy Sector Master Plan 2018-2040 approved by the Government, of 30% by 2025 and more than 50% by 2030. In this context, the Government of Cabo Verde has negotiated with the International Development Association (IDA) of the World Bank Group its financing for a total amount of USD 16,500,000 (sixteen million US dollars).
Title Purpose Objetive Beneficiaries Amount in USD
This component aims to reduce the tax burden of the energy sector on the sector
Component 2: Consulting Services for Restructuring and Privatization of the Electricity Sector
$2,000,000.00 (USD) 202.000.000,00 CVE
Project Objective Indicators
Project Component Indicators
MICE - Ministry of Industry, Commerce and Energy
ARME - Multisectoral Economic Regulation Agency
CERMI - Cabo Verde Renewable Energy Center