Veolia wins contract to improve Guinea Conakry electricity grid
Veolia has won a four-year performance contract for a value of EUR11.3 Million to provide electricity management services to Electricité de Guinée (EDG). This contract, awarded to Veolia through its subsidiary Veolia Africa, follows the Guinea Conakry's government strategy to support the recovery of the electricity market through an ambitious modernization plan launched in 2012.
Within the framework of this contract, Veolia will improve the management of facilities, the efficiency of the energy distribution network and the expansion of the network within the country. Key specific areas will be covered: customer relationship management, technical performance, planning - operations & maintenance of installations, financial stewardship, human resources management, procurement and inventory management.
Veolia will provide EDG with experienced operational staff to oversee operations and with experts to bring complementary expertise to specific projects, such as IT systems, and improvement of the operational performance. Veolia and EDG staff will work together to co-manage the public company based on key performance indicators to ensure in full transparency the implementation of this strategic project.
This project demonstrates the willingness of the Guinea Conakry authorities to develop, improve and strengthen the capacities and the quality of energy infrastructures in the country.
"This contract is a milestone in Veolia's development in Africa and reinforces its leadership position in the management of electricity's production and distribution in the continent. We are committed to support the Guinea Conakry in its challenge to respond to increasing electricity demand and to improve the quality of life of its inhabitants." says Patrice Fonlladosa, Chairman and CEO Africa & Middle East at Veolia.