Why is Chad a good place to invest in solar power?

Chad’s location in the Sahel, which features brilliant sunshine especially during the dry season, and lack of alternate fuel sources such as coal make solar power an attractive export and investment sector. Chad currently generates electricity by consuming oil.

How does Chad generate electricity?

Chad currently generates electricity by consuming oil. With the declining cost of new solar generation plants, the Government of Chad and development partners have prioritized solar power throughout the country. Machinery and parts for electricity transmission and distribution are also in demand. Opportunities

How much oil does Chad have?

Chad ranks as the tenth-largest oil reserve holder among African countries, with 1.5 billion barrels of proven reserves as of 2018 and production of over 140,000 barrels per day in 2020. Petroleum is Chad’s primary source of public revenue, and around 90 percent of oil production is exported.

Why is electrification important in Chad?

The Government of Chad and development partners like the World Bank are prioritizing electrification to promote economic growth and inclusion. Per capita electricity consumption is one of lowest in the world and tariffs are among the highest.