Gabon Power Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gabon Power Market Analysis
The Gabon power market is expected to register a CAGR of more than 3.4% during the forecast period.
The Gabon power market was negatively impacted by the COVID-19 pandemic due to regional lockdowns and decreased power demand. However, the market rebounded in 2022. The country's power sector is expected to be driven by the investment of foreign players for the construction of new power plants during the forecast period. However, Gabon also has a large share of electricity being generated through fossil fuels. With the declining production of oil and gas, the country may increase its import, which is expected to restrain the growth of the Gabon power market.
The increase in the capacity of renewables to decrease the carbon footprint is expected to create an opportunity for renewable energy companies during the forecast period.
Gabon Power Market Trends
This section covers the major market trends shaping the Gabon Power Market according to our research experts:
Hydropower Sector is Expected to Dominate the Market
Hydroelectricity is one of the major sources of electricity in Gabon. In 2021, the country's installed hydropower capacity was 331 MW. However, the country still relies on the import of electricity. In 2021, it imported 550 GWh of electricity from foreign grid lines to fulfill its electricity requirement.
Due to the increasing electricity demand, the Ministry of Water Resources & Electricity planned to increase the hydropower generation capacities in the coming years to become self-dependent and cut down the import of electricity.
The Poubara dam is the largest power plant with an installed capacity of 160 MW. Other hydropower projects currently in the planning stage or under construction include the Ngoulmendjim dam, Empress Eugenie Falls dam, and FE2 Falls dam.
The Gabonese government passed various tenders regarding hydropower plants to reduce the country's carbon footprint eventually.
In March 2022, the Multilateral Investment Guarantee Agency (MIGA) issued guarantees to Meridiam for equity investments into Asonha Energie SA, which will build and operate the 35MW Kinguélé Aval Hydropower Plant in Gabon. The 20-year guarantees totaling around USD 28.7 million protect from breach of contract, expropriation, transfer restriction, currency inconvertibility, and war and civil disturbance.
With various hydropower projects expected to come online over the forecast period, the hydropower segment is expected to continue its dominance in the market studied.
Foreign Investment for Increasing Power Generation Capacity
Gabon is one of the richest countries in central Africa, where urban electrification reached more than 91.7% in 2020. However, access to electricity in rural areas is still low compared to urban areas. The Gabonese government is inviting foreign investment to increase installed capacity to fulfill the rural area electricity requirement.
In 2019, the African Development Bank and the GPC-Eranove Consortium signed an agreement to finance the Ngoulmendjim (73 MW) construction and Dibwangui (15 MW) hydropower plants in Gabon, with a total investment of USD 170 million. CGGC, a China-based company specializing in the construction of hydroelectric power stations, committed to funding the USD 200 million power project to strengthen the China-Africa cooperation under the Belt and Road Initiative.
In July 2021, the African Development Bank Group approved a USD 41.4 million loan package for the construction of the Kinguélé Aval hydroelectric project in Gabon.
Apart from the hydropower projects, in August 2019, a French company, ENGIE, through its subsidiary, Ausar Energy, won the tender to build eight solar power plants.
Foreign investment is expected to drive the growth of the Gabon power market over the forecast period.
Gabon Power Industry Overview
The Gabon power market is fragmented. The key players in this market (in no particular order) are Eranove SA, Genser Energy Holdings Inc., China Gezhouba Group Company Limited, Engie SA, TBEA Co. Ltd, and others.
Gabon Power Market Leaders
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Eranove SA
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Genser Energy Holdings Inc.
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China Gezhouba Group Company Limited
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Engie SA
*Disclaimer: Major Players sorted in no particular order
Gabon Power Market News
In August 2022, Solen SA Gabon launched the construction of the Ayémé Plaine solar power plant in the Komo Department, Estuaire province of Gabon. The plant will be built over an area of 250 hectares of land and will have a capacity of 120 MW.
In September 2021, Wärtsilä and Gabon Power Company (GPC) signed a concession agreement with the Government of Gabon for the development, supply, construction, operation, and maintenance of a 120 MW gas power plant.
Gabon Power Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Installed Power Generation Capacity and Forecast in GW, until 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 By Power Generation
5.1.1 Hydropower
5.1.2 Natural Gas
5.1.3 Others
5.2 By Power Transmission and Distribution
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Eranove SA
6.3.2 Genser Energy Holdings Inc.
6.3.3 China Gezhouba Group Company Limited
6.3.4 Engie SA
6.3.5 TBEA Co. Ltd
6.3.6 Wartsila Oyj Abp
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Gabon Power Industry Segmentation
The generation of electricity through various sources like fossil fuels, renewable energies, nuclear energy, etc., and the transmission and distribution of electricity to the end user is considered the power market.
The market is segmented by sector into power generation (hydropower, natural gas, and others) and transmission and distribution. The market sizing and forecasts have been done based on electricity generation capacity (MW).
| By Power Generation | |
| Hydropower | |
| Natural Gas | |
| Others |
Gabon Power Market Research FAQs
What is the current Gabon Power Market size?
The Gabon Power Market is projected to register a CAGR of greater than 3.40% during the forecast period (2024-2029)
Who are the key players in Gabon Power Market?
Eranove SA , Genser Energy Holdings Inc. , China Gezhouba Group Company Limited and Engie SA are the major companies operating in the Gabon Power Market.
What years does this Gabon Power Market cover?
The report covers the Gabon Power Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Gabon Power Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Gabon Power Industry Report
Statistics for the 2024 Gabon Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gabon Power analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
