Electricity is crucial for development—LSL can help light up Africa

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    [title] => Electricity is crucial for development—LSL can help light up Africa
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One of the areas which is crucially important for economic and social development in any country is the energy supply sector.  Africa continues to engage with the challenge of electricity supply and access but economic growth is only possible when the power sector is in line with the national development plans of the country concerned.

[fulltext] =>

One of the areas which is crucially important for economic and social development in any country is the energy supply sector.  Africa continues to engage with the challenge of electricity supply and access but economic growth is only possible when the power sector is in line with the national development plans of the country concerned. 

 

Securing  affordable green energy

Demand for electricity in Africa is expected to increase by more than two-thirds between now and 2040. Fossil fuels, especially coal are expected to remain a significant part of Africa’s power generation assets but renewables other than hydro are set to play an increasing role in the energy mix.

 

Of the 1.3 billion people that lack access to electricity globally, an estimated 600 million are in sub-Saharan Africa.  Sub-Saharan Africa is facing the trilemma of security of power supply that has a low carbon footprint (sustainability) and is affordable.  The challenge is aging infrastructures that are unable to meet current power demands.  Two key aspects will be:

- upgrading, refurbishing, and process optimisation for existing generation assets

- building new generation assets

 

This is an expensive development area—an estimated USD 450 billion is needed to build new power generation capacity on the continent in the next 25 years.  However, it is also an imperative development process for the economic development of any emerging or developing country and an ideal area for innovative financing for development[1] to provide the necessary revenue.

 

Pre-paid meters—only half the solution

Installing pre-paid meters is a big part of the solution and will protect the revenues of electricity suppliers. These meters are already having an impact in a number of countries including Kenya, Nigeria, Uganda, Zambia and Zimbabwe. The growth potential is immense.

 

Very soon, however, infrastructure will not be the biggest obstacle— payment will.  Making payment points widely available for people to purchase prepaid electricity vouchers is important when people live in very remote areas. 

 

Cash is still king in many areas

In Africa, people have high levels of mobile access compared to other basic services. Mobile may be the best way to distribute prepaid vouchers.  Cash, however, is still king in a lot of informal markets. Perhaps the best solution to Africa’s electricity payment challenge is to empower informal vendors such as taxi drivers, local shop owners and micro businesses to use mobile technology to buy prepaid electricity vouchers.  They can then sell these for cash. 

 

Innovative financing for development (IFD) can fund power plants

The African continent needs power plants and a reliable, large-scale power supply for factories, mines and mills.  Governments can fund the electrification of their countries through innovative financing for development—micro-contributions on incoming international telephone calls, mobile credit top-ups, remittances, tourist arrivals—this list is not exhaustive as there are a whole range of funding sources appropriate for any specific country.  These micro-contributions are so small that they have hardly any impact on the local users and service providers and will allow the country’s government to fund power developments without incurring additional debt or relying on Official Donor Assistance (ODA). 

 

LSL is a leading global organisation focusing on a specific kind of transformational financing and the socio-economic development and empowerment of emerging countries.  Together with its technological partners, LSL can help African governments to power up their countries by putting in place an IFD model which would enable them to harness the power of telecommunications.  This model which has been successfully applied in many African countries as a direct response to their own priority development needs could help the government to collect and protect revenues effectively—a huge opportunity to invest the generated funds into electrification.  The associated programmes could be launched, managed and monitored effectively —they are autonomously controlled by the respective governments—by creating a special fund into which the revenues for electrification can be channelled.

 

In this way the beneficiary government can face the challenges of electrification in their countries with confidence with a tried and proven process and in a sustainable way.

 

[1] Any financing mechanism that does not include Official Development Aid (ODA)

 

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One of the areas which is crucially important for economic and social development in any country is the energy supply sector.  Africa continues to engage with the challenge of electricity supply and access but economic growth is only possible when the power sector is in line with the national development plans of the country concerned.

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One of the areas which is crucially important for economic and social development in any country is the energy supply sector.  Africa continues to engage with the challenge of electricity supply and access but economic growth is only possible when the power sector is in line with the national development plans of the country concerned. 

 

Securing  affordable green energy

Demand for electricity in Africa is expected to increase by more than two-thirds between now and 2040. Fossil fuels, especially coal are expected to remain a significant part of Africa’s power generation assets but renewables other than hydro are set to play an increasing role in the energy mix.

 

Of the 1.3 billion people that lack access to electricity globally, an estimated 600 million are in sub-Saharan Africa.  Sub-Saharan Africa is facing the trilemma of security of power supply that has a low carbon footprint (sustainability) and is affordable.  The challenge is aging infrastructures that are unable to meet current power demands.  Two key aspects will be:

- upgrading, refurbishing, and process optimisation for existing generation assets

- building new generation assets

 

This is an expensive development area—an estimated USD 450 billion is needed to build new power generation capacity on the continent in the next 25 years.  However, it is also an imperative development process for the economic development of any emerging or developing country and an ideal area for innovative financing for development[1] to provide the necessary revenue.

 

Pre-paid meters—only half the solution

Installing pre-paid meters is a big part of the solution and will protect the revenues of electricity suppliers. These meters are already having an impact in a number of countries including Kenya, Nigeria, Uganda, Zambia and Zimbabwe. The growth potential is immense.

 

Very soon, however, infrastructure will not be the biggest obstacle— payment will.  Making payment points widely available for people to purchase prepaid electricity vouchers is important when people live in very remote areas. 

 

Cash is still king in many areas

In Africa, people have high levels of mobile access compared to other basic services. Mobile may be the best way to distribute prepaid vouchers.  Cash, however, is still king in a lot of informal markets. Perhaps the best solution to Africa’s electricity payment challenge is to empower informal vendors such as taxi drivers, local shop owners and micro businesses to use mobile technology to buy prepaid electricity vouchers.  They can then sell these for cash. 

 

Innovative financing for development (IFD) can fund power plants

The African continent needs power plants and a reliable, large-scale power supply for factories, mines and mills.  Governments can fund the electrification of their countries through innovative financing for development—micro-contributions on incoming international telephone calls, mobile credit top-ups, remittances, tourist arrivals—this list is not exhaustive as there are a whole range of funding sources appropriate for any specific country.  These micro-contributions are so small that they have hardly any impact on the local users and service providers and will allow the country’s government to fund power developments without incurring additional debt or relying on Official Donor Assistance (ODA). 

 

LSL is a leading global organisation focusing on a specific kind of transformational financing and the socio-economic development and empowerment of emerging countries.  Together with its technological partners, LSL can help African governments to power up their countries by putting in place an IFD model which would enable them to harness the power of telecommunications.  This model which has been successfully applied in many African countries as a direct response to their own priority development needs could help the government to collect and protect revenues effectively—a huge opportunity to invest the generated funds into electrification.  The associated programmes could be launched, managed and monitored effectively —they are autonomously controlled by the respective governments—by creating a special fund into which the revenues for electrification can be channelled.

 

In this way the beneficiary government can face the challenges of electrification in their countries with confidence with a tried and proven process and in a sustainable way.

 

[1] Any financing mechanism that does not include Official Development Aid (ODA)

 

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One of the areas which is crucially important for economic and social development in any country is the energy supply sector.  Africa continues to engage with the challenge of electricity supply and access but economic growth is only possible when the power sector is in line with the national development plans of the country concerned. 

 

Securing  affordable green energy

Demand for electricity in Africa is expected to increase by more than two-thirds between now and 2040. Fossil fuels, especially coal are expected to remain a significant part of Africa’s power generation assets but renewables other than hydro are set to play an increasing role in the energy mix.

 

Of the 1.3 billion people that lack access to electricity globally, an estimated 600 million are in sub-Saharan Africa.  Sub-Saharan Africa is facing the trilemma of security of power supply that has a low carbon footprint (sustainability) and is affordable.  The challenge is aging infrastructures that are unable to meet current power demands.  Two key aspects will be:

- upgrading, refurbishing, and process optimisation for existing generation assets

- building new generation assets

 

This is an expensive development area—an estimated USD 450 billion is needed to build new power generation capacity on the continent in the next 25 years.  However, it is also an imperative development process for the economic development of any emerging or developing country and an ideal area for innovative financing for development[1] to provide the necessary revenue.

 

Pre-paid meters—only half the solution

Installing pre-paid meters is a big part of the solution and will protect the revenues of electricity suppliers. These meters are already having an impact in a number of countries including Kenya, Nigeria, Uganda, Zambia and Zimbabwe. The growth potential is immense.

 

Very soon, however, infrastructure will not be the biggest obstacle— payment will.  Making payment points widely available for people to purchase prepaid electricity vouchers is important when people live in very remote areas. 

 

Cash is still king in many areas

In Africa, people have high levels of mobile access compared to other basic services. Mobile may be the best way to distribute prepaid vouchers.  Cash, however, is still king in a lot of informal markets. Perhaps the best solution to Africa’s electricity payment challenge is to empower informal vendors such as taxi drivers, local shop owners and micro businesses to use mobile technology to buy prepaid electricity vouchers.  They can then sell these for cash. 

 

Innovative financing for development (IFD) can fund power plants

The African continent needs power plants and a reliable, large-scale power supply for factories, mines and mills.  Governments can fund the electrification of their countries through innovative financing for development—micro-contributions on incoming international telephone calls, mobile credit top-ups, remittances, tourist arrivals—this list is not exhaustive as there are a whole range of funding sources appropriate for any specific country.  These micro-contributions are so small that they have hardly any impact on the local users and service providers and will allow the country’s government to fund power developments without incurring additional debt or relying on Official Donor Assistance (ODA). 

 

LSL is a leading global organisation focusing on a specific kind of transformational financing and the socio-economic development and empowerment of emerging countries.  Together with its technological partners, LSL can help African governments to power up their countries by putting in place an IFD model which would enable them to harness the power of telecommunications.  This model which has been successfully applied in many African countries as a direct response to their own priority development needs could help the government to collect and protect revenues effectively—a huge opportunity to invest the generated funds into electrification.  The associated programmes could be launched, managed and monitored effectively —they are autonomously controlled by the respective governments—by creating a special fund into which the revenues for electrification can be channelled.

 

In this way the beneficiary government can face the challenges of electrification in their countries with confidence with a tried and proven process and in a sustainable way.

 

[1] Any financing mechanism that does not include Official Development Aid (ODA)

 

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