West Africa to jump start power market with $568mln power line

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West Africa's regional bloc said it has launched a 330 kilowatt interconnection line to supply electricity from Nigeria to Niger, Burkina Faso, Benin and Togo at a cost of $568mln.

Once the newly-launched project is completed, all 14 member countries of the Economic Community of west African States will be connected, which will jump start a regional electricity market, the group said in a statement.

ECOWAS has said it plans to pool resources to establish an electricity market to end blackouts that have blighted its member states for decades. Two similar projects are ongoing — the construction of nearly 1,700km line to connect Senegal, the Gambia, Guinea, Guinea Bissau and 1,300km interconnection lines from Ivory Coast, Liberia, Sierra Leone, and Guinea.

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