Minister’s from six Africa countries have confirmed their attendance at the upcoming Power Indaba, taking place in Cape Town from 21st May.

Minister’s from Uganda, Tanzania, Mozambique, the Democratic Republic of South Africa, Burundi and the Central African Republic will be coming together to discuss financing of power projects and investment opportunities in their respective power industries.

Discussions at this interactive forum will focus on risk mitigation strategies, accessing funding from public investors and the complications of cross border funding.

The private sector is increasingly interested in with power generation if the expressions of interest for the Department of Minerals and Energy’s (DME’s) new peaking power station are anything to go by.

Formulising a legal framework for encouraging and enabling the entry of IPPs into a country’s generation domain is often a detail which is overlooked when developing a plan for restructuring of the electricity sector and this is one of the items which will be addressed at the forum.

Many of the continent’s power problems would be a thing of the past if there was a consistent message and more enthusiasm private investment. These private power projects can develop solutions to meet industrial company’s power needs and/or sell their power to utilities.

The Power Indaba is an annual executive conference and meeting forum for ministerial delegations, high level power executives, policymakers and international financiers, providing insight into how African countries can attract and fast-track financing for power projects.

Power Indaba will take place on 21 and 22 May 2008 at the Cape Town International Convention Centre.