EU earmarks €1bn for Africa energy growth
Thématique :
afrique
The European Union has set aside €1-billion to fund power generation in several African states under a two-year partnership deal with the African Union to enhance investments in the sector.
Experts say Africa needs to spend an estimated $560-billion by 2030 to generate an additional 260 000 MW of power.
Countries to benefit from the EU windfall will include Senegal, Namibia, Ethiopia and Kenya, EU Development Commissioner Louis Michel told a news conference.
EU Energy Commissioner Andris Piebalgs said the agreement, which runs from 2008-10, would also promote energy interconnection projects between Africa and Europe.
