Électricité de Guinée

Stock performance

History

Électricité de Guinée (EDG) is the state-owned concessionaire for electricity generation, transmission, and distribution. Its supply was transformed in the 2010s by Chinese-built hydropower dams on the Konkouré River, Kaléta and Souapiti, which greatly increased capacity, although outages remain frequent.

Business model

EDG generates power from hydroelectric plants and thermal plants, buys electricity from independent producers, and sells it to households and businesses, but high losses and low bill collection leave it dependent on government subsidies.

Market position

EDG is the national electricity utility, while mining companies largely generate their own power.

Country impact

Guinea's hydropower potential is among the largest in West Africa, but unreliable power supply remains a major constraint on industry, and dry-season shortages, worsened after a December 2023 explosion at Conakry's main fuel depot, have periodically sparked protests.