At the end of 2008, Eskom announced the suspension of its plans for a nuclear programme for South Africa, citing funding issues as the main reason for the decision. According to the utility, it would be hard pressed to fund its capital expansion plan and a nuclear programme at the same time.
In other parts of Africa, announcements have been made for the development of thermal power plants in Ghana, Egypt and Kenya. Work continues on the Bujagali project in Uganda and Mmamabula project in Botswana, while Eskom is in the process of securing funding from the World Bank to the tune of US$5 billion in addition to a US$500 million loan from the African Development Bank.
Opinion is divided on whether the financial crisis currently gripping the world’s markets will have a huge impact on Africa’s project plans. Power Indaba 2009 is an executive two day conference and unique meeting forum for ministerial delegations, high level power executives, policymakers and international financiers which will explore the options available to Africa given the current financial crisis, while highlighting investment opportunities within the African power industry.
Comprehensive, interactive 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.
For more information please contact:
General and programme enquiries: Claire Volkwyn: email@example.com
Registrations: Jimina Schmidt: firstname.lastname@example.org
Travel: Rue Limekhaya: email@example.com
For more information, please visit our website www.powerindaba.com