Decree-Law No. 54/99 establishing the basic law for the Electricity System of Cape Verde.

This Decree-Law, consisting of 114 articles divided in 22 Chapters, establishes the foundations of the Electric System and has as fundamental objectives the promotion of national socio-economic development and the preservation of the environment, in strict observance of the following principles: a) ensuring a safe and reliable supply of electricity, as well as an increasing the coverage of service to all consumers, at a reasonable, fair and non-discriminatory price in use; b) increasing the use of renewable energy sources and cogeneration for electricity production; c) promoting efficiency in the production, transport, distribution and use of electricity in the country; d) attracting national and foreign private investments into the Electric System, including self- and independent producers, through the definition of stable, equitable, favorable and transparent conditions for investment; e) encouraging healthy competition and competition in the Electric System. In addition, it structures the national electricity system regulating electricity production, transport, distribution, concessions, licences, sale, tariffs and service quality aspects.