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

Emmanuel Okpanachi: Building the Technology Behind Africa’s Next Generation of Events

Africa’s events industry is growing rapidly, but the technology...

SEC, Meristem Collaborate to Curb Unclaimed Funds, Strengthen Investor Protection

Head, Monitoring & Enforcement Department Securities and Exchange Commission,...

President Tinubu, NGX Group Advance Capital Market Agenda to Accelerate Nigeria’s Trillion-Dollar Economy

President Bola Ahmed Tinubu has reaffirmed the Federal Government’s...

AIICO Retains Composite Licence Without Capital Raise, Posts Solid Q2 Performance

Mr. Olusegun Omosehin, Commission for Insurance/CEO of the National...

CIIN Unveils 2nd Edition of Courts’ Judgments on Insurance, Related Cases in Nigerian Courts

Chartered Insurance Institute of Nigeria (CIIN) announces the release...

Topics

From Market Stall to Millionaire: How Fidelity Bank GAIM 6 Transformed My Life – Fufu Seller

Question: Let’s start this interview with a general introduction...

NAICOM, NITDA Partner on Cyber Insurance to Strengthen Digital Ecosystem in Nigeria

The Management of the National Information Technology Development Agency...

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

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

Allianz Ranked World’s ‘Best Insurance Brand’ as Value Climbs to $15bn

Allianz continues to be the world’s most valuable insurance...

Agricultural Productivity: NIRSAL Empowers over 2,000 Farmers in 4 States

NIRSAL's Ibrahim Suleiman taking the first Lecture in Owerri,...

Sterling Bank Implements Blockchain Solution for SPPG

Sterling Bank, a leading financial institution committed to driving...

Stanbic IBTC Celebrates Digital Graduate Trainees 

  The firstever digital graduation ceremony of the Stanbic IBTC...
spot_img

Related Articles

Popular Categories

spot_imgspot_img