Encouraging private and public collaboration to make energy deals happen is high on the agenda at the Future Energy Central Africa forum that is taking place from 2 to 3 October 2017 in Yaoundé, Cameroon.
“We have deliberately put together a very practical programme” says event director Marie Sachet, “because I believe all stakeholders agree on what the generation potential in the region is, but we need specific actions to prepare the sector for much-needed investments and bankable power projects.”
“Future Energy Central Africa is working with the energy ministries in the region, project developers, financiers as well as regulators to set the agenda to encourage private and public cooperation in order to increase energy capacity and economic growth in Central Africa. Our conference programme includes a high-level ministerial keynote panel discussion on the opening day, successful project leaders from the private sector as well as utility leaders.”
The Central African Power Pool is an official partner of the event while two regional energy ministers, namely Hon. Léopold Mboli Fatran, the Central African Republic’s Minister of Mines, Energy and Hydraulics, and Hon. Eugenio Edu Ndong, Equatorial Guinea’s Minister of Energy and Industry, have already been confirmed to take part in the ministerial discussion panel.
“In the context of the energy challenges facing Africa, the Infrastructure Development Programme in Africa (PIDA), in particular the energy infrastructure component, focused on major hydroelectric projects and the interconnection of exchange systems of energy, is the essential device for the coherent and harmonious electrification of the continent,” says Jean Chrisostome Mekondongo, Central African Power Pool Brazzaville Permanent Secretary.
“The message I want to send to investors at this Future Energy forum is that there are many opportunities in the energy sector in Central Africa. The region has significant energy potential but is the least electrified in all of Africa. The energy sector is liberalized, the business climate is relatively good, we count on investors’ support to help build the energy infrastructure that Central Africa needs. Everyone will find their business deal,” says Moussa Ousman, Central African Republic (CAR) Director of Energy.
“The legal frameworks are evolving in most African countries and aim to create welcoming environments for project developers and IPPs. PPAs and Feed-in-Tariff incentives are a great way to launch the dynamic, attract investors and structure the market, but it is with a competitive environment that we will see a fall in the energy production costs, resulting in more affordable electricity for the end users,” says Jean-Jacques Ngono, FinerGreen Côte d’Ivoire Managing Partner for Africa.