Powering Progress: UN Efforts for Energy Access in Guinea
To address this critical need, the UN in Guinea is working with the government to support rural electrification initiatives and improve the living conditions of communities. Despite
Several private projects aimed at harnessing Guinea's solar energy potential and gas-powered thermal plants are being implemented with the goal of producing and selling energy throughout Guinea and to neighboring countries. Other SOEs are found in the telecommunications, road construction, lottery, and transportation sectors.
Guinea has experienced significantly weakened liquidity levels over the last several years due to government mismanagement, populist policies, corruption, and a decrease in mining revenue due to lower global commodity prices.
Guinea's hydropower potential is estimated at more than 6,000MW, making it a potential exporter of power to neighboring countries. The largest energy sector investment in Guinea is the 450MW Souapiti dam project (valued at USD 2.1 billion), begun in late 2015 with Chinese investment.
The largest energy sector investment in Guinea is the 450MW Souapiti dam project (valued at USD 2.1 billion), begun in late 2015 with Chinese investment. A Chinese firm likewise completed the 240MW Kaleta Dam (valued at USD 526 million) in May 2015.
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