The East African power sector requires an investment of approximately $93 billion per annum to address East Africa power and infrastructure needs.
To discuss East Africa’s energy vision, Future Energy East Africa in conjunction with the support of the Kenyan Ministry of Energy and Petroleum, will host the region’s conference and trade exhibition from November 29th to 30th this year, at Safari Park Hotel in Nairobi where the region’s leading energy decision makers will attend.
The forum aims at providing a platform for public and private stakeholders to engage in discussions around the future of the East African energy sector, to benchmark their operations, challenges and achievements and to meet suppliers seeking access to projects in the region.
In a press statement sent to Newsrooms, Tuesday, Investment Manager, Energy Access Ventures in Kenya, Paras Patel, said Kenya is a commendable player in the African innovation and entrepreneurship market in the area of energy access related star-ups which have become prominent in the recent years.
In his remarks, Mbae Ariel Mutegi, Chief Engineer, Network Audit, Kenya Power said the region’s main opportunities lie in the up scaling of the production of renewable energy.
With the decreasing costs of storage batteries, distributed generation will go a long way in ensuring that all citizens of East Africa have access to clean and reliable energy, said Mbae.
He, however, noted that both the generation and distribution of energy in East Africa are markets to watch closely in the near future, adding that investing in mini-grids is economically viable.
The event will bring together stakeholders within the power value chain which includes governments, power generation companies, transmission and distribution companies, off takers, developers, investors, equipment manufacturers and providers, technology providers, legal and consulting firms.
Source: Kenya News Agency