Financing Electricity for Growth in Africa
Tunis, December 7, 2006 – The Infrastructure Consortium for Africa (ICA) is organizing a meeting on the theme "Financing Electricity for Growth in Africa", which will be held in Tunis on December 12th.
The Meeting, which will be hosted by the African Development Bank, aims to help broker financing for well developed regional electricity projects. The meeting will sensitise key energy, investment and legal companies to potential electricity infrastructure projects requiring immediate financing in Africa, and will provide a platform to share knowledge on the key issues and foster dialogue between project sponsors and the private sector.
Africa is endowed with abundant energy resources but these are unevenly distributed and often located away from centres of demand. For example, Africa has an estimated 17% of the world’s hydro resources although only 7% of this potential has been developed to date. Furthermore, only 23% of the population of sub-Saharan Africa has access to electricity.
The meeting will involve about one hundred stakeholders. The audience will comprise high-level representatives from power utility management companies, financiers, transaction advisors, regional power pools and Governments. Regional economic communities, NEPAD, African Union, as well as regional and international institutions involved with, or interested in, electricity projects in Africa will also be represented.