The Economic Community of West African States (ECOWAS) now has a regional electricity market.
Launched last week, the market is intended to help solve the supply and quantity shortfall and economic development of the region.
It will also enable the populations of the member states of the West African sub-regional organization to benefit from a regular, reliable and cost-effective electricity supply.
“One of the major handicaps to the sustainable development of the sub-region is the lack of supply of the desired quantity and quality of electricity,” said Abdoulaye Bio Tchané, Benin’s minister of planning and development, who presided over the ceremony. launch in the presence of a dozen ministers in charge of energy of the member countries of the zone.
According to the Beninese minister, to regulate this market which will allow “very quickly to remedy the situation”, the ECOWAS Regional Electricity Regulatory Authority (ERERA) was set up in January 2018 in Abomey- Calavi, in the north the capital of Benin.
The construction works of the premises of the regional electricity market are announced to end in 2019 in Abomey-Calavi where it will be located.
