News Industry

Benin bets on private sector to reach universal electricity by 2030

Benin bets on private sector to reach universal electricity by 2030
Tuesday, 30 September 2025 04:04
  • National plan targets universal electricity and 50% clean cooking by 2030
  • €816 mln investment planned, with private sector covering 76%
  • Strategy shifts from state do minance to private-led power generation

Benin has launched its national energy plan, setting the goal of universal electricity access and 50% clean cooking coverage by 2030. The strategy relies heavily on private investment to expand local power generation and meet rising demand.

The plan outlines €816 million in spending for hydro, solar, and thermal power plants. Of this, the state will provide €192.9 million, while the private sector is expected to contribute €623.4 million, or 76% of the total.

For off-grid electrification through mini-grids and solar kits, private investors are also expected to mobilize about €97 million. In total, private sector contributions should reach €720 million to help the country achieve its targets.

This approach marks a departure from a state-dominated model. The government aims to create a more attractive regulatory framework and strengthen the financial viability of the system to draw in independent producers. The plan also highlights regional integration through the West African power grid, a step seen as key to securing supply and reassuring investors.

Benin has aligned its strategy with Mission 300, joining 17 other African countries in a continent-wide push to expand electricity access. By the end of 2024, the country’s electricity access rate stood at 42.6%, with total installed capacity at 199.8 MW, of which only 16% came from renewable sources.

On the same topic
Gold Fields will transfer the Damang mine to the Ghanaian state on April 18 after a one-year transition period. A feasibility study confirms the...
Sonatrach to begin drilling at Kafra block in Niger Operations target oil potential across 23,737 sq km area Project revives 2018 discovery with...
Rockefeller, GEAPP commit over $100 million to Mission 300 initiative Funds support electrification planning, coordination, and investment...
Burundi solar project gets funding boost, two-year extension for expansion Plan includes 12,000 solar systems, monitoring across 700 public...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
03

MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....

MTN Zambia Links Mobile Money to Bank POS in New Partnership
04

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
05

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.