Search and Filter Through Our Comprehensive Database of Tender Awards and Bid Results in Pumped Hydro Energy Storage (PHS) Plant Sector in Ivory Coast (C?te d'Ivoire)
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Ivory Coast (C?te d'Ivoire) Pumped Hydro Energy Storage (PHS) Plant Industry Analysis
The Pumped Hydro Energy Storage (PHS) Plant industry in Ivory Coast is currently experiencing a surge in construction of new projects. This is due to the country's growing demand for electricity, which is expected to increase by 6% annually over the next decade. The government has set a target of achieving universal access to electricity by 225, which has led to a significant increase in investment in the energy sector.
One of the major drivers of the PHS industry in Ivory Coast is the country's abundant water resources. The country has several large rivers, including the Bandama, Sassandra, and Cavally, which provide ample opportunities for the construction of hydroelectric power plants. The PHS plants use excess electricity generated during periods of low demand to pump water from a lower reservoir to a higher one. This water is then released during periods of high demand to generate electricity.
Another driver of the PHS industry in Ivory Coast is the country's commitment to renewable energy. The government has set a target of generating 42% of the country's electricity from renewable sources by 23. This has led to a significant increase in investment in renewable energy projects, including PHS plants.
The outlook for the PHS industry in Ivory Coast is positive, with several new projects currently under construction. One of the largest projects is the Soubre hydroelectric dam, which is expected to generate 275 MW of electricity when completed. The government is also planning to build several smaller PHS plants across the country to help meet the growing demand for electricity.
In conclusion, the PHS industry in Ivory Coast is experiencing significant growth due to the country's abundant water resources, commitment to renewable energy, and growing demand for electricity. The construction of new projects is expected to continue in the coming years, providing opportunities for investors and contributing to the country's economic development.
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