Bio Energy Power Gambia Ltd. was established on 24th of September 2018 with the aim of expansion and stabilization the energy supply in the republic of the Gambia. At the same time, it is the aim to produce cO2-free energy with renewable energy sources as it has been produced by diesel generators until now. Actual, the republic of the Gambia has an energy baseload of 70 Megawatts and energy peak of 150 Megawatts. Give to the current situation by using diesel generators, the republic of the Gambia has the second highest energy costs worldwide. 35 Cent per kWh. In one of the 20 poorest states in the world. The average Gambian has to live with less than one Euro per day. Furthermore, there are longer power outages almost daily, this reduces the economic. Many companies and hotels have emergency power generators. The operation of these generators is not worthwhile and to expensive regarding the high cost of diesel. The operation of the large generators is an extreme exposure for the country, so there has to be issued an alternative soon. Bio Energy Power Gambia Ltd. will make an agreement with the energy ministerium of the republic of the Gambia. This agreement will allow companies the installation and operation of energy generation plants within the scope of the BOT-Model. New Energy Gambia Ltd. will install and operate the plants and offer 20 years NIG will leave it up to The Gambian state for free. Therefore, New Energy Gambia Ltd. will receive 12,5 cents per kWh. Due to the waste problem, Bio Energy Power Gambia Ltd. will solve both problems. With the new energy generation plants (Bio to Power) by waste burning and simultaneous power generation. Additionally, there will be installed a few wind power plants with a height of 30 m.
The benefits for the state are large. On the one side, there will be built up a functional and permanent energy supply, which can generate power at lower manufacturing costs. This will lead a higher margin for the nationally energy suppliers and clear lower costs for the end customers. Only due to the higher income of the energy suppliers, there shortage of income can be compensated. The end customers save 30 percent towards the actual price. Furthermore, the waste will be burned by operation of these new energy generation plants. Planned is an installation of 200 plants of B2P (Bio-to-Power) plants. The required volume of waste is the same as the volume of waste in the republic of the Gambia. For the operation of one of these plants there will be needed about 12 persons. Only for the operation of all plants there will be created over 2.500 new jobs. The waste or rather the biomass will be purchased 1,5 cents per kg. There will be also created new jobs in the supplier industry. Thereby, the gross national product will be strengthened. Tourism industry and clean country are existential necessary.
There will be generated about 10.000 new jobs in the production-, treatment-, maintenance-and security sector as well as in the management field. Indirectly, there will be generated new jobs in the transportation sector in the ports. There will be training programs within regular in-service training of the employees in the production, treatment-, maintenance-and security sector as well as in the management field.