AfDB, AUDA-NEPAD to roll-out Africa’s electricity market master plan
London, Dec. 13, 2019 (AltAfrica)-The African Development Bank (AfDB) and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market.
The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled on the sidelines of Program for Infrastructure Development (PIDA) Week hero in Cairo. The workshop also produced the Masterplan’s terms of reference.
“The Continental Power System Master Plan will ensure that competitive electricity markets are developed at regional and continental levels, creating unique opportunities for optimally utilizing Africa’s solid energy resources for the benefit of Africa,” said Professor Mosad Elmissiry, a Senior Energy Advisor to AUDA- NEPAD’s CEO.
The workshop was aimed at advancing the launch of an Integrated Continental Transmission Network (ICTN) to link national power utilities into regional power pools and, ultimately, into a continent-wide transmission network. Plans also include setting up a market for electricity trading. The Master Plan also will inform the energy component of a PIDA Action Plan, which is key to key regional integration projects.
Development of a unified electricity transmission network and market for electricity trading are viewed as a critical priority to improve the lives of people across the continent.
“Most state-owned electric utilities in Africa today are unable to secure the financial resources needed to implement required segments of regional interconnectors and associated national feeder lines,” said Angela Nalikka, the Bank’s manager for National and Regional Power Systems, to explain the impetus for the partnership. “The Bank plans to encourage private sector participation in transmission projects in the continent.”