
Electra is the main electricity and water company in . It was founded as a public company on April 17, 1982 (under decree-law no. 37/1982) by the merger of Electricidade e Água do Mindelo (EAM - Mindelo Electricity and Water), Central Eléctrica da Praia (CEP - Praia Central Electricity) and Electricidade e Água do Sal (EAS - Sal Electricity and Water). In 1998 it was c. . Cape Verde aims to get 50% of its electricity from resources by 2030 and 100% by 2050. This coincides with aims to bring down energy import costs and help the environment by reducing . The country has integrated wind and solar in its energy system. It also has the potential to utilize emerging technologies as . [pdf]
Cape Verde has but one electricity company (Electra) and Cape Verde has one of the highest electricity prices in the world. Furthermore, the electric system is inefficient and registers energy losses of around 30%.
The Cape Verdean government has approved the privatisation process of Electra, an electricity and water company, involving the division into two companies, for production and distribution of electricity, and subsequent sale of up to 75% of the capital to strategic partners.
Despite contributing to an above-average electrification rate of 95 per cent in Cape Verde, the state-owned electricity company Electra hasn’t been as profitable as expected. The government wishes to reboot the company to take advantage of the country’s immense potential in renewable energy.
Efficient electricity in Cape Verde is crucial to the tourism industry, the main driver of the national economy. Cape Verde officials call on CPCS to help them restructure and transfer the national electricity utility to the private sector.
Solid waste can also represent an adequate option while ocean and geothermic energy are being tested, with uncertainties remaining as to their efficiency. Cape Verde has an estimated potential of 2,600 MW of renew-able energy, and more than 650 MW have been studied in concrete projects, which have lower production costs than fossil fuels.
Verdun Oil Company II LLC completed the acquisition of EP Energy Corporation. Verdun Oil Company II LLC completed the acquisition of EP Energy Corporation. Verdun Oil Company II LLC agreed to acquire EP Energy Corporation for $1.4 billion on July 26, 2021. The transaction is subject to FTC approval.

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In 2018, with an "average operating generation capacity of 2,279 MW", the country had an electricity consumption of 415 kWh per person, per year, about 50 kWh higher than the then prevailing average for Sub-Saharan Africa. It is estimated that 85 percent of electricity consumption in Mozambique is consumed by industry. As of March 2021, the electrification rate for Mozambique's estimated 32 million citizens was 3. [pdf]
Mozambique has abundant energy sources available for exploitation. As of 2021, the country was ranked first in energy potential of all the countries in the Southern African Power Pool (SAPP), with an estimated energy capacity of 187,000 MW. Available energy sources include coal, hydroelectricity, natural gas, solar energy and wind power.
In Mozambique, Motraco (Companhia de Transmissão de Moçambique / Mozambique Transmission Company), operates energy transmission for 2 main clients: Mozal, an aluminium smelter located in Beluluane Industrial Park (Maputo) and EDM (Electricidade de Moçambique / Electricity of Mozambique).
In this new age of industrialisation, Mozambique’s energy potential places the country at the forefront of global energy investments. As it continues to develop its infrastructure and expertise in energy production, Mozambique is set to play a pivotal role in meeting future energy demands.
As it continues to develop its infrastructure and expertise in energy production, Mozambique is set to play a pivotal role in meeting future energy demands. With significant projects in the pipeline, the country’s readiness and commitment to energy development make it a key player in the global energy transition.
Mozambique is a net exporter of energy to countries in the Southern African Power Pool (SAPP) – South Africa being the largest importer. The government view energy exports as a key driver of the Mozambican economy, having passed a new electricity law that simplifies permitting and encourages IPPs activities.
The Mozambique Gas & Energy Summit & Exhibition’s mission is to provide a thought leadership platform promoting key investments and business opportunities within Mozambique’s energy sector. The country is leading energy exports in the region and the Summit will attract all key stakeholders from across the local and international energy value chain.
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