By 2035, the average electricity generation cost in Guinea Bissau is estimated to be reduced to US$ 0.12/kWh. As part of the OMVG interconnection project, Guinea Bissau will benefit from the electricity production of hydroelectric projects under development in Guinea.
In Bissau and Gabu, solar photovoltaic (PV) plants will help reduce the average cost of electricity and diversify the energy mix. Battery storage will help integrate this variable energy source into the grid. In Bafata, Gabu, and Cacheu, the PV plants will provide cheaper and cleaner local power generation than current diesel production.
The Electricity Access Expansion Project (EAGB), under the supervision of the Ministry of Natural Resources and Energy, has had a historical dismal performance, which has constrained the provision of electricity and water services mainly to the capital, Bissau. The Bank’s investment in densifying the distribution grid around OMVG substation is expected to increase access to electricity to 39%.
Guinea Bissau receives a capacity of 27.5 MW and an energy share of 167 GWh per year from the Kaléta (240MW) and Soaupiti (480MW) hydropower plants. The Power Purchase Agreement was signed in December 2019.
Guinea Bissau: Power Sector Policy Note E XECUTIVE SUMMARY The electricity sector in Guinea Bissau is in the midst of a transformational reform towards a sustainable development characterized by reliable, greener and affordable service delivery.
According to a feasibility study completed in April 2020 with the support of the World Bank and ESMAP, 30 MW of solar PV in Bissau and 36 MW in countryside cities, as well as two solar PV mini-grids in the Bijagos islands, could be developed.