Power Africa is a U.S. Government initiative that addresses one of the most pressing challenges to sustainable economic growth and development in sub-Saharan Africa – access to electrical power. President Obama announced the initiative in remarks at the University of Cape Town, South Africa, on June 30th, 2013. More than 69 percent of the population of sub-Saharan Africa has no access to electricity -- and that number rises to more than 85 percent in rural areas. And yet, the region has significant potential to develop clean, geothermal, hydro, wind, and solar energy.
Power Africa: Subject to the availability of funding, USG partners in Power Africa will commit over $7 billion in financial support over the next five years, during which time the initiative aims to increase electricity generation capacity by 5,000 MW. Together with its 36 signatory private sector partners, USG partners in Power Africa can offer a full suite of financial mechanisms for private companies from pre-feasibility to financial close. USAID serves as the lead agency for Power Africa, charged with managing the Secretariat.
The United States and its partners will work with an initial set of Power Africa partner countries, including Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania. These countries have set ambitious goals in electric power generation and are making the utility and energy sector reforms to pave the way for investment and growth. Power Africa will also partner with Uganda and Mozambique on responsible oil and gas resources management.
To learn more, visit Power Africa [ hyperlink to: http://www.usaid.gov/powerafrica ]