HomeIndustry SectorsGenerationWorld Bank's new African energy strategy

World Bank’s new African energy strategy

Power “’ the World
Bank revises its
African strategy
Cape Town, South Africa — ESI-AFRICA.COM — 30 November 2010 – The World Bank has announced that it is revising its energy strategy for Africa and plans to support projects that will generate a further 30 gigawatts of electricity on the continent over the next five years.

Revealing this at a conference here, World Bank energy specialist Reynold Duncan told reporters: “We are looking at various projects in the whole of sub- Saharan Africa to see which ones are ready to go. “We are going to provide money for 30 gigawatts, but I cannot say how much the World Bank has set aside. We take the lead, and we try and facilitate investment and financing from others,” he added.

“Sub-Saharan Africa currently has the capacity to generate 68 gigawatts of power, with South Africa accounting for about 40 gigawatts,” Anton Eberhard, a professor at the University of Cape Town’s Graduate School of Business told the conference. “Thirty- three countries can produce less than 500 megawatts of power and eleven less than 100 megawatts,” he revealed.

“Two out of three Africans do not have access to electricity,” Eberhard pointed out, and the rate of population growth is outstripping new connections.”