DPLG

DTI
Also from GAN

Call for energy investment in Africa
Fri, 01 Jun 2007 00:00



Kenya Electricity Generating Company CEO Eddy Njoroge has said that Africa needs to bridge the gap in electricity access between her and the developed world.

Addressing the German World Bank Forum in Berlin ahead of the G8 Summit, Njoroge said the continent should create a conducive environment to attract investment in the development of the power sector, on a continent where tariff setting is still politically motivated. Njoroge, one of the key speakers at this year's forum, 'Africa on the Rise', told the conference that Africa was fraught with small power systems and small markets that limited profitable business ventures in the power sector, offering no economies of scale in large scale investments.

The required power capacity in Africa in the next 25 years would be huge, with additional generation capacity of 269GW, which required an additional investment estimated at US$563-billion, according to the International Energy Agency.

Print this page
Send this article to a friend