Africa Power Vision Plans to Electrify 80% of Households by 2040

Africa’s electrification recently welcomed a new advocate, Africa Power Vision (APV). APV is a joint-venture established by the African Union Commission, the NEPAD agency, Nigeria’s ministry of finance, the UN Economic Commission for Africa and the African Development Bank. It aims to boost the number of people that has access to power across the continent.

“APV aims to achieve an 80% residential electrification rate by 2040 and 90% for industry/business, with sufficient energy to deliver to those connected, while also implementing off-grid solutions and making full usage of the vast renewable energy sources in Africa,” NEPAD said in a statement.

The project plans for, among other things, the construction of an 8,000km-long transmission line across Egypt, Sudan, South Sudan, Ethiopia, Kenya, Uganda, Tanzania, Malawi, Mozambique, Zambia, Zimbabwe and South Africa. The line which will greatly facilitate trade between Eastern and Southern African nations will have a capacity of 3,000MW – 17,000MW.

Establishing APV was done in the framework of the Programme for Infrastructure Development in Africa (PIDA).

-Gwladys Johnson

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

SEC DG: Capital Market Has Capacity to Fund Abuja Infrastructure Projects

Dr. Emomotimi Agama Director-General Securities and Exchange Commission (SEC) The Director-General of...

Mutual Benefits: Shareholders Back Strategic Growth Direction at 30th AGM

Historic 30th AGM: L-R: Managing Director/CEO, Mutual Benefits Life...

NGX, Brazilian Business Delegation Explore Areas of Collaboration, Partnership

WELCOME REMARKS BY ALHAJI (DR.) UMARU KWAIRANGA GROUP CHAIRMAN,...

Leadway’s Post-Recapitalisation Signals Era of Digital-First Insurance for Critical Sectors and Nigeria’s Next Generation

Leadway Assurance, Nigeria’s foremost insurance services provider and a...

The 2026 Almond Insurance Industry Awards Voting Opens Officially

L-R:  Mr. Obinna Chilekezi, Member, Panel of Judges, 2026...

Topics

Heirs Insurance Announces Senior Leadership Appointments, Corporate Name Change

  L-R: Japhet Duru, ED, Technical, Heirs General Insurance; Niyi...

Transcorp Group: N443bn Total Assets, N135bn Revenue, N30.2bn Profit in 2022

L-R: President and Group Chief Executive Officer, Transnational Corporation...

Stanbic IBTC Economic Summit Delivers Strategic Framework for Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical...

A.M. Best to Attend 43rd AIO Conference 2016

A.M. Best will attend the 43rd African Insurance Organisation...

Global Capital Fuelling African Property Markets

Despite Africa’s slowdown; property developers and private equity funds...

Zenith Leads with 41% in Banks’ N217m Print Advert Spend in Feb 2022

P+ Measurement Services, a PR Measurement and Evaluation Agency...

Bears Dominate Despite Banking Sector Rebound… NSE ASI down 0.2%

The negative performance of the local bourse lingered yesterday, marking the...

NSE to Host 2018 ASEA Conference

The Nigerian Stock Exchange (NSE) has emerged the preferred...
spot_img

Related Articles

Popular Categories

spot_imgspot_img