Regulatory Review of the Electricity Market in Seychelles: Towards Crowding-in Private Sector Investment

Release Date:
9 November, 2023

Seychelles is pursuing sustainable development guided by visionary pro-transformation strategies. Through Vision 2033, it aims to achieve a more diversified economy resulting in a people-centered prosperous nation while remaining in harmony with nature. It is also pursuing a Blue Economy development roadmap aimed at leveraging its expansive marine resources to towards sustainable development. The vision is being implemented through the National Development Strategy (2019-2023) in the short to medium terms.

Affordable, reliable, and sustainable energy supply is essential to meeting these development aspirations. The electricity market is responding to these requirements. Electricity consumption grew considerably by 43 percent between 2010 to 2019. Generation capacity has also grown from about 54 MW installed capacity in 2010 to 86 MW by 2019. Seychelles has already achieved universal access to electricity; however, demand for energy for development purposes is rising. Meeting the growing electricity demand and strengthening the energy pillar for the transformation agenda requires further developing electricity generation, transmission, and distribution capacities.