Benin Shifts Power Strategy, Enlists Private Investment for Universal electricity Access
Porto-Novo, Benin – Benin is dramatically reshaping its energy sector, prioritizing private sector investment to achieve universal electricity access by 2030. The country plans to leverage €720 million in private capital – representing 76% of the total funding – alongside a €192.9 million state contribution, marking a significant departure from a historically state-dominated model.
This ambitious plan addresses a critical development gap: as of late 2024, only 42.6% of Benin’s population had access to electricity, despite a total installed capacity of 199.8 MW, with renewables accounting for just 16% of that capacity. the shift aims to attract self-reliant power producers through a more favorable regulatory habitat and improved financial viability, while also integrating with the West African power grid to ensure a stable supply. Benin’s strategy aligns with the broader “Mission 300″ initiative, a continent-wide effort involving 18 African nations to accelerate electricity access.
Private investors are expected to mobilize approximately €97 million specifically for off-grid electrification projects, including mini-grids and solar kits. The overall private sector contribution of €720 million will be crucial in meeting Benin’s electrification targets. The government intends to foster a more attractive investment climate and strengthen the financial foundations of the power system to encourage participation from independent producers.
