Director, Origination - Africa & Central Asia, ACCESS POWER
West Africa has one of the highest GDP growth rates in sub-Saharan Africa but very low level of energy infrastructure development, with some countries with an electrification rate as low as 50%, or even 25%. Nevertheless, catching-up is underway, and it is probably in West Africa that we will see the largest number of IPP projects starting in Africa in the period 2017-2020. The size of the projects remains moderate, Low interconnections, but thanks to WAPP, an extremely dynamic energy pool, this constraint could disappear in the next few years.
Access remains confident and wishes to support countries in their development of their energy infrastructures, with particular emphasis on renewable energies. We are already present in Ghana, Mali and Nigeria and construction of our first power plants in West Africa is expected to start by the end of 2017, representing 75MW of solar energy. At the same time, Access launched the Access Co-Development Fund (ACF) program, an annual continent-wide competition for selected technical and financial support of up to USD 7 million. ACF 2017 will be officially launched on March 7 and the deadline for submissions is April 31 (for more details, visit www.access-power.com/acf
). We will present the details of this year’s program at the Clean Energy Summit, West Africa, an excellent platform for developers in West Africa.