Africa’s power and energy sector is a critical driver of growth and development across the continent. With vast natural energy resources including coal, oil, gas, hydro, solar, wind and geothermal, there is ample choice for the discerning energy investor.
At the same time, a lack of access to electricity means that there is an opportunity for regional governments, energy businesses, organisations and financiers to unlock electricity access to millions of people.
The annual Africa Energy Indaba will take place at the Sandton Convention Centre, on February 19 and 20, 2019. The theme, Africa’s Energy Future, will cover a wide range of topics pertinent to Africa’s energy industry. The Africa Power Vision (APV) is amongst these and will be conveyed through a discussion led by industry experts, investors, policy makers and government representatives.
The APV is founded on the Programme for Infrastructure Development in Africa (PIDA) and targeted African energy projects that are deemed a priority. It conveys a long-term strategy making reliable and affordable energy accessible through expending Africa’s diverse energy resources.
Furthermore, it requires increased regional integration to efficiently improve energy delivery in addition to targeting the usage of more effective, cleaner energy sources consistent with international standards.
The APV highlights the crucial function of institutional capacity development and technical skills development to safeguard the development, execution and sustainability of essential energy projects.
The vision is based on five pillars: leveraging domestic resources, driving gross domestic product growth with electrification, scale-up of power through regional integration, running power assets efficiently and mobilising all available resources.
This discussion will demonstrate how businesses can drive regional integration to not only improve execution of PIDA and targeted energy projects in Africa, but provide a continental vision and framework under which additional energy projects can be developed.
All these factors pave the way for creating employment opportunities as well as accelerating economic growth on the African continent.