Stakeholders harp on attracting investment in diverse energy resources

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STAKEHOLDERS at the recently concluded Power Africa forum in Accra have called for investment in the production of diverse energy resources to help address the continent’s energy constraints.

With two-third of Africans still living without access to electricity, the stakeholders said to ensure a reliable and sustainable power supply, both renewable and non-renewable energy resources must be promoted.

These include renewables such as solar, wind and hydro and non-renewables such as natural gas, coal and nuclear.

According to them, maintaining a sustainable electricity generation would protect consumers from potential price spikes or shortages.

They also recommended that the use of renewables, such as solar, was very critical in addressing the continent’s energy needs since sunlight was in abundance in Africa.

Key among their recommendations was that African Governments in their efforts to invest in the energy sector should look out for experts, who were theirown nationals to advise them; because some consultants and investors might be out there to deceive them.

The World Bank has declared 32 of the 53 countries in Africa to be in an energy crisis. One critical factor is that energy development in Africa has not kept pace with the rising demand, thus placing a huge strain on the continent’s existing resources over the first decade of the 21st.

Ghana has had its share of the energy crisis and continues to battle with technical challenges in transmission after improving its generation capacity.

The Power Africa Town Hall meeting, which was moderated by Dr Arena

Onyewuchi, the Chair of the IEEE Power Africa Steering Committee, was an interactive session on power in Ghana and Africa. The urban areas of Ghana enjoy relatively good reliability. However, there is still an opportunity for improvement in the rural parts of the country.

The key issues discussed were “What is Ghana doing right? What can other sub-Saharan African countries learn from Ghana? What role is USTDA playing? What role is IEEE Power Africa Conference playing? How do we empower the youth of Africa to actively develop Africa? Among the discussants were Dr Chris Mensah-Bonsu, the President and Chief Executive Officer of MB Energy; Ms Clare Sierawski, Power Africa Country Manager for West Africa for the United States Tradeand Development Agency (USTDA); Mr Emeka  Okpukpara Junior, Partner, Nextier Power and Dr Barry Rawn, Brunel University, London.

The post Stakeholders harp on attracting investment in diverse energy resources appeared first on Tribune.

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