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Financing & Funding
Gabon lies directly on the equator, on the far west coast of Cengtral Africa. The country borders 3 countries & the Gulf of Guinea; to the north-west is Equatorial Guinea, to the north is Cameroon & to both east & south is the Republic of Congo, while the Gulf of Guinea is to the west.
Gabon's total land area is about 85% forest, which makes biomass a predominant energy source for supplying the country's domestic sector needs in particular. Gabon has also high potential for hydro-electric generation due to its topography and high-precipitation conditions.
In terms of proven and recoverable oil reserves, the country is considered to be one of the richest in sub-Sharan Africa, ranking the 5th largest in the continent (After Nigeria, Angola, Sudan, South Sudan & Uganda). It also ranks as the 3rd largest oil producer in sub-Saharan Africa; following Nigeria & Angola.
The country's two main energy sources are fossil-fuels and hydropower. 51.7% of Gabon's total produced electricity in 2015 were generated from hydro, and 48.2% were from fossil fuels. Gabon relies heavily on oil for both its export revenues & its domestic energy production. The other major energy source is hydropower, from which the country's government aims to produce up to 1200 MW by 2020.