Ivory Coast President Wants to Open Power Sector to Competition
- Monopoly in power, water sectors must end to bring prices down
- Latest rise in electricity prices annulled by government
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Ivory Coast will open up power and water distribution to competition to cut prices for consumers and companies in the West African nation, President Alassane Ouattara said on Sunday.
“We must end the monopoly of CIE and SODECI,” Ouattara said in an address to the nation broadcast on state-owned television Radiodiffusion Television Ivoirienne, referring to the main power and water companies. “I’m calling on all who wish to invest in this sector to do it so we can have a healthy competition that will allow to control the prices and bring the cost of electricity down.”