Tuesday, October 3 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Oct 02
Week of Sep 25
Week of Sep 18
Week of Sep 11
Week of Sep 04
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Global energy: Africa generates four percent, experts say

    June 5, 2023 - Agence de Presse Africaine


      : 140793

      Global energy: Africa generates four percent, experts say

      ( 03 April 2023 )

      Africa generates only four percent of the global energy and more than 600 million Africans have no access to electricity, experts have said.

      The experts made the announcement during a two-day dialogue that discussed the changes needed in policy and regulatory frameworks to ensure adequate openness, attractiveness, and readiness of African energy markets to private investments in Ethiopian capital Addis Ababa.

      Despite vast opportunities in the development of the electricity sector in Africa, there is low private sector investment in energy infrastructure and service delivery, Yohannes Hailu, an energy policy expert at UN Economic Commission for Africa (ECA)

      “Advancing electricity market regulatory improvement and reform is a significant part of the solution towards de-risking investment in Africa’s energy infrastructure," Hailu said, emphasizing that Africa generates only four percent of the global energy.

      He said that credible regulatory framework and policy remained key instruments for member countries striving to crowd-in private capital in their electricity markets via generation, transmission, distribution, and off-grid system development.

      Andrea Renzulli, head of policy and regulation at RES4Africa, commended the partnership with the ECA in raising awareness and sharing knowledge on the electricity reform agenda across African markets.

      600 million people in the continent do not have access to electricity, said Renzulli, acknowledging the importance of continued exchanges of knowledge between energy regulatory authorities across the continent and the private sector to boost investment in the energy sector across the continent.

      The High-Level Public-Private Dialogue on Private Sector Investment in Electricity and Infrastructure Development in Africa was hosted by the United Nations Economic Commission for Africa (ECA) and the RES4Africa Foundation identified areas of regulatory technical cooperation including green hydrogen, storage of batteries, standardization of contracts, development of grid codes and risk-mapping.



    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.