Estimates put the field reserves to between 1.5 to 2 billion barrels of oil and about 1.8 to 2.4 trillion cubic feet of gas. Ivory Coast is set to build Africa’s first biomass power plant 100 km east from Abidjan.
How will energy be sold in Ivory Coast?
Energy produced will be sold under a power purchase agreement with the Compagnie Ivoirienne d’Électricité. Ivory Coast is ramping up energy infrastructure development projects in a bid to diversify its energy mix, expand its electric grid, attract sustainable investment, and boost socioeconomic growth.
How will the Ivory Coast power plant work?
The power plant will be fueled by natural gas and will utilize combined cycle technology, thus generating energy more efficiently. Moreover, the Ivory Coast aims to boost energy exports with the station’s output while meeting the country’s baseload requirement.
Which countries are producing oil palms in Africa?
Due to its profitability, there are also significant emerging oil palm industries in much of tropical Africa with Nigeria, Ghana, Ivory Coast, Cameroon, Sierra Leon, Benin, Angola, and DRC as the main producers (in that order) (Paterson 2021a ).