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According to the International Energy Agency (IEA), Africa’s energy consumption is expected to increase by nearly 60% by 2040. While there have been significant investments in generation, the financing of transmission assets, which has typically been done out of public budgets, has lagged significantly. According to the AfDB, over $46BN in new transmission investments is required in Africa between 2018 - 2025, or over $6BN a year in order to “catch up” on the historical underinvestment, as well as meet demand while increasing renewable resources, grid reliability requirements, digitization.
This session will answer the following questions :
How will cross-border links and regional power markets that will help unlock the electricity trade potential on the continent?
What is required for IPT financing models to be widely implemented in Africa?
What are the lessons that can be learned from the highly successful rollout of private sector led financing of the transmission sector in India and Latin America?
What are the relevant regulatory and market structure precursors that are required to make independent private transmission projects bankable?
With renewable energy playing a bigger role in the continent’s generation mix, how can African utilities prepare their grids to meet these new challenges while maintaining grid resiliency and security?
How can we ensure that new energy transmission projects in Africa be designed and built with long-term sustainability, replicability and environmental considerations in mind?
Sequence 1 : Setting the scene
Scene setter Mr. Moshood Abolade, Investment Director, Africa50, will set the scene and give context on what Africa50 is doing in transmission.
Sequence 2 : Moderated panel discussion
Moderator : Ms. Tania Habimana, CNBC Anchor
Speakers :
Hon. Mila Aziablé, Minister of Energy, Togo
Mr. Kevin Kariuki, VP for Power, Energy, Climate and Green Growth, AfDB
Mr. Pape Mademba Biteye CEO, Senelec
Mr. Raghu Sharma, Senior Advisor, Africa50
Ms. Fatoumata Sissoko-Sy, Business Manager for Infrastructure
and Natural Resources in West & Central Africa, IFC