Electricity: Power Africa close to connecting 60m Nigerians, others by 2030

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By Ediri Ejoh

A recent report, Power Africa stated that since inception it has closed more than 80 transactions and more than $14.5 billion in funding.

The report disclosed that to date, the US government has disbursed approximately $500 million, and made more than $2.6 billion financial commitments towards Power Africa’s goals.

Furthermore, the study places emphasis on another milestone, the passage of Electrify Africa Act of 2015.

The Act aims to make government-backed credit more accessible to the private sector in order to deliver access to energy for more than 50 million people in sub-Saharan Africa.

Among the African women in the power sector featured is Uganda’s Minister of Energy and Mineral Development, Irene Muloni, who pointed out that the energy needs in Africa are enormous and so is the potential.

“In Uganda, Power Africa has worked through the US-based National Rural Electric Cooperative Association (NRECA) to help our Rural Electrification Agency deliver on-grid connections,” Muloni stated.

She added: “We aim to add 1.5 million new connections by 2022. Power Africa also has helped multiple small hydroelectric projects reach financial close, adding 53MW of generation capacity.

“We hope that working with Power Africa and its partners, Uganda will add 1,000MW of new power generation by 2020 through many types of energy technology.”

Commenting on the future plans of the initiative, Andrew Herscowitz, US Coordinator for Power Africa said: “Our intent is to expand beyond our initial focus on solar lantens and renewable energy to support more on-grid power projects in natural gas and other sources, as our funding allows.”

 

The post Electricity: Power Africa close to connecting 60m Nigerians, others by 2030 appeared first on Vanguard News.

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