Currently, more than two-thirds of sub-Saharan Africa is without electricity, and more than 85 percent of those living in rural areas lack access. Power Africa will build on Africa’s enormous power potential, including new discoveries of vast reserves of oil and gas, and the potential to develop clean geothermal, hydro, wind and solar energy. It will help countries develop newly discovered resources responsibly, build out power generation and transmission, and expand the reach of mini-grid and off-grid solutions.
According to the International Energy Agency, it will cost more than $300 billion in investment to achieve universal electricity access by 2030 in sub-Saharan Africa. Only with greater private sector investment will the promise of Power Africa be realized. With an initial set of six partner countries in its first phase, Power Africa will add more than 10,000 megawatts of cleaner, more efficient electricity generation capacity. It will increase electricity access by at least 20 million new households and commercial entities with on-grid, mini-grid, and off-grid solutions. It will enhance energy resource management capabilities, allowing partner countries to meet their critical energy needs and achieve greater energy security.