Preparations advanced for Africa Power Summit


JOHANNESBURG, (CAJ News) – IMPROVING energy access in the continent will again take centre stage at international fora when the Power Africa Summit holds in the United States later this month.

The event is slated for the 27th to the 29th in Washington, where more than 150 stakeholders attending from across Africa will participate.

Veronica Bolton-Smith, Programme Manager for the Power Africa Summit, said the officials contributing were long standing investors with both operational projects as well as a significant project pipeline.

“The 150 plus stakeholders attending from 12 countries across Africa are equally credible, with a long history of international partnerships and project success,” she said.

“This gathering of project owners and investors is certainly what makes the Summit so exciting and a must attend meeting for those with the ability to play a role.”

Those set to attend include Ministers of Energy from Africa, heads of African utilities and regulatory bodies, US-based private equity houses and wealth management establishments.

The Power Africa Summit enables dialogue between public and private sector decision-makers across the US and Africa.

A brainchild of US President Barack Obama, it promotes the investment opportunities in Africa’s power sector.

Africa is well-endowed with fossil fuels , hydro-power and geothermal power.

These however remain untapped much to stunted economic growth and a lack of access to electricity to a significant portion of the fast-growing population.

Two out of three people in sub-Saharan Africa, which has a population of some 975 million people, are said to lack access to electricity.

CAJ News

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Posted by on Jan 14 2016. Filed under Africa & World, Energy, Featured, Finance, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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