Electricité de Guinée (EDG) and Swiss developer of integrated renewable energy projects, Terra Sola Group, have signed a memorandum of understanding to invest in a US$500 million programme to accelerate Guinea's electrification, particularly in rural areas, by stabilising existing transmission and distribution networks, which will help to boost the country's socio-economic development.

This programme includes several solar power plants, energy storage and distribution systems. It also includes high-quality training and a high-level qualification to EDG employees in order to participate in the industrial development of Guinea. To do this, financial, technological and economic project developers and partners have been gathered to set up zero-carbon power plants on a large scale, mainly in Africa and the Middle East, where energy demand is high.

It is anticipated that the development of this project will be completed within nine months, and that construction of the first power plant will begin in the fourth quarter of 2023.