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

Hot this week

NCDMB to Launch Oil and Gas Trainers Certification

The Nigerian Content Development and Monitoring Board (NCDMB) is...

World Yeye Adesola Odeyeyiwa Day: Celebrating a Woman of Great Industry and Elegance

      By Goke Ilesanmi It is another WORLD YEYE ADESOLA ODEYEYIWA...

NAICOM, Ghana’s NIC Strengthen Regional Integration, Drive Insurance Innovation

L-R: Dr. Abiba Zakariah; Commissioner for Insurance, National Insurance...

NCC, CAC Inform Telecom Stakeholders of New Ownership Structure Requirements

The Nigerian Communications Commission (NCC) and the Corporate Affairs...

NCC Appoints Princess Oforitsenere Emiko as Interim Chairman of Digital Bridge Institute Governing Board

The Board of the Nigerian Communications Commission (NCC) has...

Topics

CBN, NDIC Re-affirm Commitment to Financial System Stability

The Governor of the Central Bank of Nigeria (CBN),...

Arthur Stevens CEO, Olatunde Amolegbe, to Keynote Business Journal Annual Lecture 2025

Mr. Olatunde Amolegbe, Managing Director/CEO, Arthur Stevens Asset Management...

Red Star Commences Food Delivery Services

Red Star Express Plc, on March 1st, 2017 commenced...

STACO Insurance Settles N1.445bn Claims in 3rd Qtr

The third Quarter results released by STACO Insurance Plc...

Again, NNPC Cautions Against Panic Buying, Says 30-Days PMS Sufficiency Intact

As the nationwide supply and distribution of Premium Motor...

Digital Connectivity Enhances Quality of Life – Danbatta

The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission...

Sovereign Trust Insurance Celebrates Customer Service Week 2024

The Customer Service Week of Sovereign Trust Insurance Plc...

‘I Will Support President Tinubu’s Agenda Using STI’ – New NASENI Boss

R-L: Mr. Khalil Suleiman Halilu, Executive Vice Chairman/CEO, National...
spot_img

Related Articles

Popular Categories

spot_imgspot_img