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At the occasion of the Future Investment Initiative (FII) 2025, held in Dakar and organized by the Senegalese National Agency for Investment Promotion and Major Works (APIX S.A.), and presided over by His Excellency Bassirou Diomaye Faye, President of the Republic of Senegal, the Secretary General of the West African Power Pool (WAPP), Mr. Abdoulaye DIA, spoke during a high-level panel dedicated to the strategic role of regional power pools in reducing energy costs and optimizing power sector investments.
The panel explored key questions such as:
- What role can regional power pools play in reducing costs and optimizing infrastructure?
- How can energy costs be sustainably lowered while strengthening the competitiveness of extractive and energy-intensive industries?
Mr. DIA highlighted that:
• The establishment of the ECOWAS Regional Electricity Market is already delivering tangible results, with 91.6 TWh generated in 2023 and 7.9 TWh traded, representing 8.5% of total regional production.
• Progressive grid integration enhances availability capacity, enables investment pooling, and supports access to more affordable and reliable electricity.
• A fully integrated market pave the way for an optimized energy mix, combining hydropower, solar, and thermal resources, thereby supporting industrial transformation and the development of extractive industries across the continent.
The WAPP thus reaffirms its commitment to interconnecting, stabilizing, and greening the West African power system, building a market that is competitive, sustainable, and attractive to investors.
Together, let us build a stronger, more integrated, and more competitive regional electricity market.
#FII2025 #WAPP #ECOWAS #EnergyIntegration #InvestInAfrica #PoweringWestAfrica
#RegionalMarket #SustainableEnergy