Meeting with Gesto Energy consortium

NEWS

Meeting with Gesto Energy consortium

On 08 March of 2016, the Energy General Directorate meet with the Gesto Energy /VIiera de Almeida & Associados consortium, hired by the German International cooperation society (GIZ), to support Cape Verde in the procedure preparation, legal, regulatory and administrate structure for the establishment of new Independent production tenders (Renewable Energies). The meeting had as a goal the planning of all project steps and the establishment of all targets, having always as a scope the mitigation and the exposure of the State in the financing of Renewable energy projects.

The defined strategy for the energy sector is based in the private sector increasing evolvement, through families and companies, that, progressively, is substituting the public sector investment. The state assume his sponsor role creating all the conditions to substitute the public investment to the private investment for the transformation of the energy sector.

The DGE (Energy General Directorate) in partnership with GIZ is developing a set of actions that assure a transparent and a regulatory distortion free energy market, this actions are able to take investment that guarantees the balanced security patterns compliance, the constancy of supply and demand, optimizing its economic costs in order to ensure business competitiveness in a free market and minimize unwanted impacts in the final consumer.