Guinea-Bissau resumes process of privatization of public enterprises

28 July 2015

The government of Guinea-Bissau will re-launch the process of privatisation of public companies that are abandoned and in an advanced state of disrepair, as is the case of beer and soft drinks maker Companhia Industrial de Cervejas e Refrigerantes (CICER) the Prime Minister said recently.

Domingos Simões Pereira, who was speaking during a visit to the Water and Electricity Company of Guinea-Bissau and to CICER, said the tender document for the privatisations were limited to finding strategic partners to revive the sector “and no priority was given to the financial component. ”

On the same occasion, the Minister of Industry and Energy, Florentino Mendes Pereira, announced the launch within two months of a public tender for the construction of a power plant with a 25-megawatt production capacity to supply electricity to the capital, Bissau and surrounding areas.

The minister said the government plans to build another power station in Bissau, also with a capacity of 25 megawatts, driven by fueloil and built under a partnership the Guinean government has with some Portuguese companies that he did not name. (macauhub/GW)