{"id":10826,"date":"2021-12-15T16:41:21","date_gmt":"2021-12-15T16:41:21","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=10826"},"modified":"2021-12-15T14:58:29","modified_gmt":"2021-12-15T14:58:29","slug":"mozambique-and-four-other-african-countries-shine-a-light-on-renewables-as-they-deliver-powerful-investment-pitches-at-the-africa-energy-marketplace","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-four-other-african-countries-shine-a-light-on-renewables-as-they-deliver-powerful-investment-pitches-at-the-africa-energy-marketplace","title":{"rendered":"Mozambique and four other African countries shine a light on renewables as they deliver powerful investment pitches at the Africa Energy Marketplace"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Five African countries presented their investment cases at t recent Africa Energy Marketplace, which brought together governments, the private sector and development partners, to highlight strategic projects and key energy sector reforms. The countries\u2019 pitches also emphasized the scale of renewable resources among their key priorities.<\/p>\n

The theme of the fifth African Energy Marketplace, held virtually between 26 and 29 October, was Identifying opportunities across the energy value chain: Resolving bottlenecks and unlocking investments in Cameroon, Guinea, Kenya, Mozambique, and Tunisia.<\/p>\n

Cameroon announced that it had launched an agency to manage the public electricity transmission system, Soci\u00e9t\u00e9 National de Transport de l\u2019Electricit\u00e9, or SONATREL, to support its vision for attracting investment of around $10.6 billion to deliver on its energy targets. \u201cIf we are able to develop robust transmission infrastructure, we should be able to achieve universal access to electricity,\u201d said Gaston Eloundou Essomba, the country\u2019s Minister of Water and Energy. The planned national energy mix is 80% hydro, 14% gas, and 6% from solar, wind and biomass.<\/p>\n

S\u00e9kou Sanfina Diakite, Guinea\u2019s interim Secretary General for the Ministry of Energy, said the country is ready to become an electricity trading hub in the region, thanks to different interconnection projects currently under construction in the country. It aspires to become completely reliant on hydro and solar energy.<\/p>\n

Guinea\u2019s aim is to export electricity in the sub-region, outlining the plan launched by the West Africa Power Pool to establish Electricit\u00e9 de Guin\u00e9e as the transmission system operator for the region\u2019s Zone 5, which includes Sierra Leone and Liberia.<\/p>\n

In the discussions on Kenya, the pivotal issues included the need to urgently rebalance risks in power purchase agreements that have resulted in high tariffs for end users, calls for accelerated reforms, and models to scale up electricity access.<\/p>\n

Mark Carrato, coordinator of USAID\u2019s Power Africa program, said Kenya could potentially attract diverse sources of investment. \u201cAn essential transmission line with a greater return would draw national pension funds, and there are big pots of money out there we have just not tapped enough,\u201d he said<\/p>\n

Dr Antonio Saide, CEO of FUNAE (Fundo de Energia) Mozambique announced that the government had recently launched the first call for applications for green mini-grid initiatives, under the BRILHO program. The program aims to accelerate Mozambique\u2019s off-grid energy market by providing selected companies with a unique mix of structured non-reimbursable funding and specialized technical support, to de-risk business models to achieve competitive commercial returns and provide off-grid energy solutions to low-income markets. Other Mozambique roundtables were a blend of transactional and policy-related sessions, focusing on how the country can achieve its ambition of becoming a regional energy powerhouse in the Southern African Development Community, and achieve universal access by 2030. The government said sector reforms and major regional infrastructure were essential, such as the transmission interconnectors between Tanzania-Zambia, Angola-Namibia, and Mozambique-Malawi.<\/p>\n

Further north, the Tunisian Solar Plan has become a key part of Tunisia\u2019s recovery plans. \u201cIt is imperative to restore Tunisia\u2019s energy independence, as the country has witnessed growing \u2013 and expensive \u2013 deficits in its energy balance over the past two decades,\u201d said Belhassen Chiboub, the Director General in the Ministry of Energy. To address this, the government launched the Tunisian Solar Plan in 2017 and established a 3.8GW target for total installed renewable energy capacity by 2030, representing a ten-fold increase in capacity at an estimated annual cost of around $400 million.<\/p>\n

Stakeholders who attended the sessions included Power Africa, the European Investment Bank, Africa50, the Asian Infrastructure Investment Bank, the International Finance Corporation, the European Union, the World Bank, the UK\u2019s Foreign, Commonwealth and Development Office, Agence Francaise de D\u00e9veloppement, German development agency GIZ, the European Bank for Reconstruction and Development, the Africa Infrastructure Development Association (AfIDA), the Islamic Investment Bank and IRENA.<\/p>\n

African Development Bank Vice President Dr. Kevin Kariuki observed that following the 4th edition held in 2020, which targeted the G5 Sahel countries under the Desert to Power Initiative, this year\u2019s AEMP focused on five African countries selected based on geographical balance, demand, and readiness for private sector investments in the power sector. He noted that the four-day AEMP discussed key issues, including sector planning and reforms, renewable energy generation expansion, financial and energy access sustainability, off-grid, and power trade. \u201cThe AEMP culminated in the presentation of implementable action plans with firm commitments agreed between the various stakeholders to support the scale-up of private sector investments in the five countries,\u201d he said.<\/p>\n

The Africa Energy Market Place is a collaborative investment platform created by the African Development Bank as part of the New Deal on Energy for Africa, the transformative partnership to light up and power Africa, in keeping with the Bank\u2019s High 5 strategic priorities.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Five African countries presented their investment cases at t recent Africa Energy Marketplace, which brought together governments, the private sector and development partners, to highlight strategic projects and key energy sector reforms. The countries\u2019 pitches also emphasized the scale of renewable resources among their key priorities. The theme of the fifth African […]<\/p>\n","protected":false},"author":84,"featured_media":10825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-10826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique and four other African countries shine a light on renewables as they deliver powerful investment pitches at the Africa Energy Marketplace - Mozambique<\/title>\n<meta name=\"description\" content=\"Five African countries presented their investment cases at t recent Africa Energy Marketplace, which brought together go ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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