
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.

Sephu plant will serve as an addition to the 180 kW grid-connected ground-mounted solar photovoltaic power station in Rubesa (near ), which became operational in October 2021. The Sephu plant is currently under construction over an area of 65 acres in Yongtru village, situated in the . Upon its completion, the overall installed capacity of the facility will reach 22.38 megawatts and is expected to be complete by March 2025. It was initially planned. [pdf]
The Sephu project will be Bhutan’s largest solar facility. Credit: Bhutan ministry of energy and natural resources The Bhutanese government has started construction on the country’s first utility-scale solar farm, the Sephu solar project, which boasts a capacity of 17.38MW.
“We did the studies on renewable energy management master planning in 2016 and the reports say Bhutan has a capacity for 12 Giga watts of solar energy and 760 MW of wind so we have a lot to tap as there is a lot of opportunity for solar energy solar power to grow in Bhutan. There is a lot of potential and I think this is the right step.”
The Bhutanese government has started construction on the country’s first utility-scale solar farm, the 17.38MW Sephu solar project.
The Prime Minister Dasho Dr Lotay Tshering was the Chief Guest. Bhutan Solar Initiative Project (BSIP) set up under Royal Command has implemented two Solar PV Projects in Thimphu. 250kW Rooftop Centenary Farmers Market (CMF) and 500kW Ground mounted at Dechencholing.
In 2021, the first planned mega solar power plant, a 30 megawatt, in Shingkhar Bumthang was dropped because the community refused to give clearance for various reasons. The plant was expected to generate 46.19 million units of energy annually with an annual revenue generation of Nu 233.725 million.
Minister of Energy and Natural Resources, Loknath Sharma said, “Sephu solar plant is the first medium solar farm in the country.” The minister said that Sephu solar plant marked the beginning of achieving a 500-megawatt energy target through solar power in the next three years. He said that the plant project is undertaken by the ministry.
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