PPP Lusofonia é um blog de economia e finanças, focado nos serviços públicos e no investimento para o desenvolvimento, e nas PPP.
O blog dedica-se a (a) conceitos de economia, finanças e banca (b) às necessidades dos PALOPs e (c)oportunidades de consultoria nos PALOPs, com artigos em português ou inglês. PLEASE USE THE TRANSLATE BUTTON.
PPPs, development financing in Lusophone Countries
Autora: Mariana ABRANTES de Sousa
Green Africa Power is a new £98 million fund run by PIDG, to stimulate private investment in renewable energy projects in sub-Saharan Africa.
Sub-Saharan Africa is the world’s most power-starved region with more than 700 million people lacking access to electricity. There is a shortage of all types of power generation projects in Africa and, in particular, renewable power projects. The economic cost of this power shortage is reckoned at some 4% of gross domestic product.
For some time, the donor community has been concerned about the slow pace of low-carbon technology adoption in developing countries and the challenge of promoting cleaner energy options in preference to dependence on fossil fuels.
The Private Infrastructure Development Group (PIDG Trust) was invited by the Department for International Development (DFID), to suggest ways to set up systematic interventions to drive forward renewable independent power projects.
A scoping exercise funded by DFID and the Norwegian Agency for Development Cooperation(Norad) concluded that there was definite potential for Green Africa Power, a fund to address key market failures and stimulate private sector investment in renewable energy in Africa.
On 4 December Edward Davey MP announced an initial input of £98million from the UK Government to Green Africa Power (‘GAP’) as part of a package of support using the UK’s International Climate Fund to help developing countries to tackle climate change and to reduce poverty.
GAP has ambitious target to finance approximately 270MW of new renewable energy generation capacity in four years, saving 3.9m tonnes of carbon emissions and improving the supply of clean energy to millions of people in Africa. Through its selected investments GAP will seek to demonstrate the viability of renewable energy in Africa and how barriers to investment can be addressed.
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