The African Development Bank now says that it will focus more on efforts to construct more power facilities in Africa in a bid to tackle the chronic power shortages in the continent. AfDB new president Dr. Akinwumi Adesina said that the move will help unlock Africa’s economic potential and end its vulnerability to fluctuations in commodity prices.
Kumar added that Africa can take advantage of the recent evolution of renewable energy technology and reduced cost to leapfrog the path taken by industrialised economies.
“To meet this demand, an additional investment of $450 billion in the power sector is needed,” Mr Kumar said, adding that Africa can take advantage of the recent evolution of renewable energy technology and reduced cost to leapfrog the path taken by industrialised economies.
According to Mr Aaditya Dhoot, the chairman of Elecrama 2016, at 1,750 gigawatts, Africa’s onshore wind resources exceed the continent’s total demand for the foreseeable future and at the forum, sector planners can invest in technology, best practices, new systems and forecasting trends in the future of electricity to better position themselves on how to enhance electricity in Africa.
