Under Construction
Country Sector Sovereign / Non-Sovereign Title Commitment in UA Status Signature Date
Multinational Power Sovereign Multinational - Nigeria-Niger-Benin-Burkina Faso Power Interconnection Project 36,500,000 Implementation
Djibouti Power Sovereign Djibouti – Geothermal Exploration Project in the Lake Assal Region 10,740,000 Implementation
Multinational Power Sovereign Multinational - Projet d’interconnexion électrique Cameroun- Tchad (composante Tchad) 27,500,000 Implementation
Madagascar Power Sovereign Madagascar - Etude de faisabilité du projet de renforcement et d'interconnexion des réseaux de transport d'énergie électrique 1,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Mali Power Sovereign Mali - Mini Hydropower Plants and Related Distribution Networks Development Project (PDM-Hydro) 20,000,000 Implementation
09 Jul 2020
Tags
Energy Access
Finance and Investment
Regulatory and Governance
Statistics
Africa Energy Yearbook 2020

African Business magazine’s Africa Energy Supplement contains highlights from this year’s Africa Energy Yearbook 2020/21. Many thanks are due to the authors and interviewees who have made time to provide fascinating insights and predictions during such a difficult period. The Covid-19 pandemic has, of course, affected every corner of the energy industry in Africa. Some of us have lost friends and colleagues to the virus, or suffered from its effects ourselves. Even if we have been lucky enough to maintain our health, long cherished projects have been delayed or cancelled, and remote working has become a way of life.

Uncertainty pervades our plans. One strong message from contributors to this year’s publication is that the resilience, innovation and cooperative spirit evident in the fight against Covid-19 can be harnessed to further the energy transition already under way across the continent. As we report, the energy transition and improved electricity access are also seen as a vital part of the solution to future health crises. That transformation will provide reliable power to hospitals and health centres and also help make people healthier in general.

Cleaner air, due to a reduction in polluting power generation and the greater uptake in clean cooking techniques, leads to a host of health benefits, not least of which is a reduction in the respiratory illnesses and other conditions that have proved to exacerbate the symptoms of Covid-19.

GETTING BACK ON TRACK

For energy sector professionals, the short-term future is likely to be spent getting projects back on track, reconvening postponed discussions and coaxing investors back out of their shells. But beyond that, the goal of ensuring all Africans have access to electricity, produced sustainably, remains firmly in place. The pandemic has sapped the financial resources of governments and investors alike, but contributors say this is no time to abandon the drive towards greater use of renewable energy. The effects of the pandemic may occupy us now, but climate change may prove to be the bigger long-term threat.

The global climate change process has been disrupted by the postponement of the November 2020 UN-backed meeting in Glasgow and more limited engagement by the US government. But 2021 should see momentum gathering again in a process in which African leaders are closely involved.

SECURING INVESTMENT

Putting the investment in place to scale up clean energy is going to be a Herculean task. The International Renewable Energy Agency estimates that building capacity to enable Africa to meet around a quarter of its energy needs from indigenous and clean renewable energy by 2030 would require an average annual investment of $70bn. As we report, developers have been finding it easier to secure investment for smaller-scale projects, rather than mega projects. But the growth of the independent power provider (IPP) sector in South Africa, Nigeria and elsewhere shows the potential for private sector involvement across the continent, if financing channels can be kept open and fears over the uncertain operating environment in some countries can be overcome. Maintaining the momentum behind Africa’s energy transition in a world recovering from the Covid-19 pandemic will be a challenging task. But, as these highlights from the Africa Energy Yearbook 2020/21 show, there is no shortage of commitment to the cause from Africans, their governments and their partners, and no shortage of ideas on how to make it happen.

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