News dalla rete ITA

14 Gennaio 2022

Ruanda - Etiopia

ECA RELEASE COUNTRY REPORTS ON ELECTRICITY MARKET REGULATORY REVIEWS

The Economic Commission for Africa (ECA) and the RES4Africa Foundation have jointly released a series of country regulatory reviews on electricity markets in Ethiopia, Rwanda, Zambia, South Africa and Ghana.The reports have the target to support the crowding-in of scaled private sector investment in generation, networks and off-grid markets.In 2020 alone, the global energy market saw about 1.9 trillion USD in investments, of which emerging and developing countries attracted 1/5th. Africa captured only a fraction, signaling the crucial importance of addressing private sector investment participation challenges in the electricity market. In September of 2021 took place the High-Level Dialogue on Energy (HLDE), which is considered key recommendations specially under the thematic area of Finance and Investment to meet SDG7 (Sustainable Development Goal) goals. The HLDE called for a robust private sector participation in energy infrastructure investment across the value chain by addressing uncertainties in policy and regulatory environments. In this regard, the HLDE recommended member States to address the de-risking of projects and fixing regulatory barriers to ensure market openness, attractiveness, and readiness for private-sector finance.According to the Director of ECA’s Private Sector Development and Finance Division, William Lugemwa, the work they do on national regulatory reviews, capacity support on regulatory system development using their upcoming software (ROAR), and their work with AUC on a continental framework on regulation and private sector participation are essential in working with member States towards regulatory improvements to meet SDG7 goals.“The cooperation between RES4Africa and ECA represents a successful best-practice of public-private dialogue. Today, we are engaged in continuing fostering this partnership and moving forward in supporting interested African countries to foster the openness, attractiveness and readiness of electricity markets”, stated Roberto Vigotti, Secretary General at RES4Africa Foundation.In this Decade of Action, member States must accelerate action to meet SDG7 goals, and enable Africa’s energy transition towards a sustainable energy future for all. In this effort, the private sector should play essential role in bridging infrastructure finance gaps, particularly in a constrained COVID-19 public finance environment. The Expert Group Meeting was organized on the sidelines of the ECA Committee Meeting on Private Sector Development, Regional Integration, Trade, Infrastructure, Industry and Technology on the theme: “Africa’s Economic Development in the Post-COVID-19 Era.” (ICE ADDIS ABEBA)


Fonte notizia: Capital Newspaper