Business
Brazzaville Hosts Forum On Electricity
A forum on investment in electricity in Central Africa has started on Monday in Brazzaville, with the aim of forging a partnership among key stakeholders in the sector in the sub-region.
Poor electricity supply in Africa, which accounts for only three per cent of global consumption, is a hindrance to economic development in the continent.
If the current trend continues, sub-Saharan Africa will be home to half of the world’s population without electricity in 2050.
Central Africa, with a population of 120 million inhabitants, has a low rate of electrification, even though it has potentials to produce 144,000 megawatts, about 57 per cent of Africa’s electricity potential.
Faced with this situation, Member States of the Central African Power Pool (CAPP) decided to reverse the trend.
The forum, tagged ‘Electrical 2011’ is part of the CAPP 2004-2011 Action Plan adopted in May 2004 in Malabo, Equatorial Guinea, by the Council of Energy Ministers of the CAPP.
It reflects the political will of Member States to promote the electricity sector in Central Africa.
The President of the Council of Ministers of the CAPP, Leopold Fatran, expressed confidence that the forum would lead to funding and partnership agreements among project sponsors, donors and business operators.
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