African Development Bank validates regional power acceleration programme, to boost bankability of regional power projects.
ENPNewswire-December 13, 2019--African Development Bank validates regional power acceleration programme, to boost bankability of regional power projects
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Release date- 12122019 - The African Development Bank has validated a study report on enhancing regional and sub-regional power projects to enhance energy access and integration across the continent.
The report, entitled 'Regional and sub-Regional Power Project Acceleration Programme,'was validated at a three-day workshop organised in collaboration with the Africa Union Development Agency (AUDA-NEPAD) on the sidelines of the 2019 Programme for Infrastructure Development in Africa (PIDA) Week. This year's PIDA theme was: 'Positioning Africa to deliver on Agenda 2063 and economic integration through multi-sectoral approaches to infrastructure development'.
Across the African continent, high-priority regional and sub-regional projects have often stalled because they are considered commercially unviable or un-bankable. The programme intends to boost private investments, enhance cross border power trading, and expand regional integration by accelerating the resolution of technical, legal, regulatory, financial, procurement, environmental and social issues for large-scale projects in Africa.
Among the Bank's recommendations is the development of a Power Infrastructure Project Evaluation (PIPE) tool kit to be used in screening and prioritizing potential projects for possible technical assistance and funding support. It also recommended the establishment of regional power infrastructure project acceleration units (RPAUs).
'To overcome the diverse constraints in Africa's power sector, the African Development Bank launched the Regional and sub-Regional Power Project...
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