Gabon Power Market Size (2024 - 2029)

Gabon Power Market Size Summary

The Gabon power market is poised for growth, driven by foreign investments in new power plant constructions. Despite the initial setbacks due to the COVID-19 pandemic, the market has shown resilience and is expected to expand steadily. The country's energy sector is heavily reliant on fossil fuels, but declining oil and gas production may prompt an increase in imports, potentially hindering market growth. However, the push towards renewable energy, particularly hydroelectricity, presents significant opportunities. Gabon's government is actively promoting hydropower projects to reduce carbon emissions and decrease reliance on imported electricity. The development of new hydropower facilities, such as the Kinguélé Aval project, underscores the country's commitment to enhancing its renewable energy capacity.

Gabon is rich in natural resources and has a high urban electrification rate, yet rural areas still face challenges in accessing electricity. The government is encouraging foreign investment to expand the power infrastructure and meet rural electricity demands. Significant investments have been made in hydropower projects, with international partnerships playing a crucial role. Companies like ENGIE are also contributing to the solar energy sector, further diversifying Gabon's energy mix. The market remains fragmented, with key players including Eranove SA, Genser Energy Holdings Inc., and China Gezhouba Group Company Limited, all of which are expected to drive the market's growth in the coming years.