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

Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum in Abuja

A high-level fireside dialogue between the Governor of the...

Stanbic IBTC Named Winner in Four Categories at Euromoney Awards for Excellence 2026

Stanbic IBTC, a member of Standard Bank Group, was...

NGX Group Delivers Record First-Half Performance, Announces ₦1.30 Interim Dividend

Revenue rises 118% as profit before tax increases 170%,...

DataPro: Beyond the Balance Sheet: A Thorough Approach to Ratings

“In today’s complex financial world, your creditworthiness is your...

NAICOM Pledges Support for Lagos State Building Insurance Scheme

Keynote Address by Mr. Olusegun Ayo Omosehin, Commissioner for...

Topics

Innovations, Disruptions Will Continue to Define Future of Banking in Nigeria – Akinwuntan

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated...

NGX, CSCS, Euroclear to Create Dollar Settlement Platform for Fintechs

The Nigerian Exchange Limited (NGX) has disclosed that it...

NCDMB, Butane Energy Boost LPG Supply as Kaduna Plant is Commissioned

Director Monitoring and Evaluation NCDMB, Mr. Abdulmalik Halilu and...

WAICA 2025 Confab on Climate Change Set for Nigeria October 12

  The Nigerian insurance industry is set to host the...

Inclusion Must be a High Priority in Commonwealth ICT Agendas- says Professor Tim Unwin

Professor Tim Unwin, Secretary-General of the Commonwealth Telecommunications Organisation...

SMEs: AfDB Approves $100m Funding for Nigeria

The African Development Bank has approved a $100 million...

CBN: Nigeria’s Food Import Drops by $21bn

The policy of the Federal Government to reduce import...

NSE, GRI, EY Partner on Sustainability Seminar

GRI in conjunction with The Nigerian Stock Exchange (NSE)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img