SADC woos investors for energy projects

MBABANE – Independent

Power Producers were in the

spotlight at the Southern

African Development

Community (SADC) high

level resource mobilisation

conference held in Swaziland

earlier this month. The

Energy Investor’s Forum

was organised to showcase

regional energy projects in

the hope of luring investors.

As host, Swaziland’s King

Mswati was the attending

head of state at the event,

which otherwise drew energy

ministers and CEOs of utility

companies from the SADC

member states.

“Access to electricity in

some member states is below

20%, and approximately 190

million people in the SADC

region live without access to

electricity,” said Mswati, who

is the current SADC chairman.

“To meet projected energy

needs, the region must

increase power generation by 5

000 megawatts on average on

an annual basis until 2022,”

he said.

The conference

recommended that the SADC

Regional Development

Fund be put into operation,

with its component devoted

to regional infrastructure

support that will take the

place of national government

guarantees for energy

infrastructure projects.

“We need clarity on the

modalities of cooperation

between countries on

transboundary projects,”

Dr Stergomena Tax, SADC

executive secretary, told the

conference. “This needs to

involve a clear mechanism on

how the countries will address

technical and other issues in

relation to (transboundary

energy) projects.”

Delegates said the

SADC secretariat’s role

was to coordinate regional

energy policies and provide

guidelines for national

energy development, while

the financial institutions had

shown willingness to bankroll

worthy power generation

initiatives.