FUELING FUTURE GROWTH WITH SUSTAINABLE ENERGY
The 23rd World Energy Congress, organized by the World Energy Council, took place in Istanbul, Turkey, from the 9th to the 13th of October, 2016. Held under the auspices of the Turkish Presidency, with the theme of ‘Embracing New Frontiers’, it attracted hundreds of visitors and exhibitors from around the world. Guests of honor, amongst many other heads of state, included Turkish President Recep Tayyip Erdoğan and Russian President Vladimir Putin. The congress, in addition to serving as the premier platform for the world’s leaders and thinkers to debate solutions to energy issues, gave leading companies the opportunity to present their products and services to delegates, conference attendees, and interested visitors. Present were such giants as EnerjiSA, EUAS, IGDAS, Koc, Socar and Teias. Other companies included Siemens, and many other organizations from Asia, Europe, and the rest of the world. White Storm Capital was there to invite investors and businesses to take a closer look at what Equatorial Guinea (EG) has to offer in the field of energy- both renewable and traditional.
Since 2011, Sociedad de Electricidad de Guinea Ecuatorial (SEGESA), EG’s national electricity company, has invested over $2 billion in various power projects. EG is on track to reaching the highest per capita power rates in central Africa and will satisfy domestic power demand by 2017, with enough excess output for exports. Furthermore, recognizing the importance of environmentally friendly and sustainable power supplies, SEGESA initiated the era of green-power generation in EG through its construction of the Djibloho hydroelectric power station. More environmentally friendly power plants are to be opened soon. Most importantly, SEGESA declares itself to be open to collaboration and partnerships with international experts, businesses, and investors.
EG is at the forefront of energy in a global context. While, at present, it continues to satisfy its energy needs through traditional means thanks to its large hydrocarbon deposits, it has set out plans to transform itself into an environmentally friendly net energy exporter. White Storm Capital, which is based in Malabo, EG, maintains close ties with the relevant local ministries, regulatory bodies, as well as the private sector. It is ideally suited to help you establish a presence in the country and to let your business grow and prosper. So, if you are considering expanding your business into this part of Africa, but are skeptical for whatever reason, do reach out to any of our Growth Partner Associates to find out how they can Simplify your entrance into EG, facilitate your operations, and help your business grow!
Written by: Robert Romaniuk | White Storm Capital