Hydro-rich Guinea seeks firms to operate state-owned utility

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Guinea's Ministry of Energy and Hydraulics invites expressions of interest from firms to manage state-owned electric utility Electricite de Guinee (EDG). Responses are due May 14.

The ministry hired the World Bank's International Finance Corp. to be its lead adviser to structure a private sector participation transaction for an EDG management contract. The World Bank recruited consultants in January to develop an atlas of hydropower development sites in Guinea and in 2013 to help the ministry advance private hydro development.

The ministry said its objective is to gradually introduce greater private sector participation in the electricity sector. Its power system includes an interconnected western network supplying the largest concentration of electricity consumers, including Conakry, as well as a small interconnected network in the center of the country, and isolated centers elsewhere in the country.

It said Guinea is known for having the largest hydropower potential in West Africa with capacity estimated at 6,000 MW. Projects include 75-MW Garafiri, undergoing rehabilitation on the Konkoure River; 515-MW Souapiti, proposed for the Konkoure; 90-MW Fomi, to be built on the Niandan River; and 240-MW Kaleta, being built on the Konkoure.

Management services sought for EDG include implementation of a restructuring and recovery program and improvement of the utility's technical, commercial and financial performance. The government is interested in finding a strategic partner willing to invest in EDG by a mutually agreed upon date.

Expressions of interest not to exceed 50 pages, in French or English, are due to the address below by delivery, mail or e-mail by May 14.

For information, contact International Finance Corp. (IFC), Elan Cusiac-Barr, Advisory Services in Public Private Partnerships, Rue Aime Cesaire X Impasse FN 18 Prolongee, Fann Residence, BP 3296, Dakar, Senegal; (221) 338587100; E-mail: ecusiacbarr@ifc.org.

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