Gabon: Société d’Energie et d’Eau

In 1997, Gabon privatized its electricity and water utility, Société d’Energie et d’Eau du Gabon (SEEG). The transaction was the continent’s first privatization of a water and electricity utility involving full commitment for future investment, and the first full concession in Sub-Saharan Africa under a contract that introduced coverage targets for expanding service to previously unconnected rural areas. The 20-year concession contract
covers the production, delivery, and supply of drinking water and electricity in the country, primarily in the three main cities of Libreville, Port-Gentil, and Franceville, which together are home to almost one million people. The transaction closed in July 1997.

Translations