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New investment – new hope for power shortages

While the recent power shortages in South Africa have given a greater sense of urgency to Eskom’s development plans, there is possibly light at the end of the tunnel for private investors to become involved in power generation.

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

Many of our power problems would be a thing of the past if there was a consistent message and more enthusiasm from government to extend power development plans to IPP plans and allow more international power producers to invest. These private power projects can develop solutions to meet industrial companies power needs and or potentially sell to Eskom.

Presently, power cuts have halted most mining in the major producer of gold and platinum mines and shaking the confidence in the countries economy.

Power Indaba 2008 was developed to address these very contingencies and will tackle these power development investment issues head on and look at the path that should be taken to fast track the development of power infrastructure projects.

This is an annual executive two day conference and a unique meeting forum for ministerial delegations, high level power executives, policymakers and international financiers with comprehensive presentations, panel discussions and round table meetings will cover how African countries can attract and fast-track financing for power projects, highlighting real business opportunities and the implementation of systems for improved applications.

This event is the first of its kind taking place in Africa that focuses specifically on investment in the African power industry, and is the continent’s best resource for up-to-date information on financing and new business within the sector.

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

This event will bring global investors to the shores of Africa in the world-class city of Cape Town, to examine opportunities and projects and to network with potential partners.

The conference will provide a forum and – more importantly – a rendezvous for African governments, utilities and the world’s top global business leaders to discuss power investment opportunities in Africa, best practices, and how best to accelerate the expansion of the power infrastructure in ways that will help engender sustainable growth on the continent.

This prestigious event will be co-located with Africa’s largest industry event, Africa Utility Week, which includes the following programme items:

For more information on this exclusive investment event go to www.powerindaba.com