Does Cabo Verde have electricity?

Access to electricity in Cabo Verde reached 93% in 2018 from 87.1% in 2012 though in rural areas access remains below the national average (83.1%). Renewable energy accounts for 20.3% of total supply and an electricity sector Master Plan (2018-2040) was designed to help achieve 50% of renewable energy generation by 2030.

Will Cabo Verde privatize Electra?

“ The project will build on recent efforts from the World Bank to support the Government of Cabo Verde in the privatization of the electricity utility ELECTRA. A first step has been taken with the enactment of the power sector reform decree law, supported by the Cabo Verde First Equitable and Sustainable Recovery Development Policy Financing.

What is the World Bank's goal for Cabo Verde?

The World Bank’s objective for Cabo Verde is to help the government sustain high levels of growth and reduce unemployment, poverty and inequality. Located 500 km off the west coast of Africa, Cabo Verde is an archipelago comprising ten islands, nine of which are inhabited.

How will the Electra project support the government of Cabo Verde?

Finally, the project will support the Government of Cabo Verde’s goal to mobilize private and public capital for energy sector investments, by increasing stakeholders’ capacity and supporting the restructuring and privatization of the electricity utility ELECTRA.

Does Cabo Verde use biomass?

Traditionally, the population of Cabo Verde use biomass as a primary renewable energy resource, which still covers a significant proportion of household energy needs (for cooking), especially in rural areas (55 percent).

Is Cabo Verde a good place to live?

Cabo Verde is performing relatively well across a range of gender indicators related to human development, but women’s economic empowerment is still hampered. On the Global Gender Gap Index, Cabo Verde ranks among the world’s best in the “health and survival” and “school enrollment” dimensions.