Tuesday, February 24, 2026
33.5 C
Lagos

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

Hot this week

CBN Gov, Cardoso, Hails AU Decision on African Monetary Institute, Central Bank

The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi...

Tinubu to Governors: Remember the Poor, Empower the Under-privileged

President Bola Tinubu, on Monday in Abuja, urged Muslim...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

Executive Order 9: Constitutional Fidelity, Not Executive Overreach-FG

Commentary suggesting that Executive Order 9 (EO9) amounts to...

Tinubu Issues EO for Direct Remittance of Oil, Gas Revenue to Federation Account

President Bola Tinubu has issued an executive order to...

Topics

FOR THE RECORD – CONSUMER: King or Servant in Insurance Business

By Chief Yemi Soladoye Technical Adviser, Insurance Consumers Association of...

Nigeria Leads in 43% Remittances Growth to Africa in 2019

Leading mobile payments company WorldRemit saw a 43% growth...

G7 Supports Women in Africa Initiative with $251m

French President Emmanuel Macron and G7 leaders on Sunday...

Tinubu Directs Free Healthcare for Retirees, Pension Increment

President Bola Tinubu has directed the expedited rollout of...

RMRDC’s 30% Value Addition Bill Nears Presidential Assent

Nigeria’s journey toward industrial self-sufficiency and sustainable economic growth...

Nigeria Hosts WAICA 50th Anniversary as Efekoha Assumes Office as President

The Nigerian Insurance market is set to host the...

CII UK Visits Sovereign Trust Insurance in Lagos

L-R: Tajudeen Rufai, Consultant, STI Plc, Emmanuel Anikibe, Executive...
spot_img

Related Articles

Popular Categories

spot_imgspot_img