Gabon: Veolia seeks to extend Seeg contract beyond 2017

France’s Veolia, the main shareholder in Société d’Énergie et d’Eau du Gabon (Seeg), has started negotiations with the government for an extension of its concession contract, which expires in 2017. Under the contract, signed in 1997, Seeg has a monopoly of power transmission and distribution and is the main player in generation.The last round of negotiations took place in Libreville on 20 May between energy and water resources minister Désiré Guedon and Seeg board chairman Patrice Fonlladosa. Seeg’s turnover rose by 6.7% in 2014, from CFAF182bn ($309.4m) to CFAF195bn, and the company reported a CFAF6.2bn profit.