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Public Management

African energy market needs coherent public sector involvement and policy to fulfil emerging market needs - Analysts

Tuesday, 08 September 2015 16:31

(Ecofin Agency) - The 17th East African Power Industry Convention (EAPIC) which took place at the Kenyatta International Convention Centre in Nairobi, Kenya from 27-28 August 2015 provided a leading platform for identifying and establishing further insights into the various markets associated with the energy reform landscape and investment opportunities across Africa. "The EAPIC convention emphasized that strong public sector involvement is required in order to drive emerging market needs, as well as satisfy the risk appetite of the various sets of investors," Aurelia van Eeden, Energy & Environment Business Unit Leader at Frost & Sullivan told Your oil and gas news.

"There is a distinct willingness from African governments to drive investment and solve energy challenges of their respective country, such as the emerging gas landscape on the Eastern Coast of Africa." Van Eeden who spoke at the convention acknowledged key African gas infrastructure trends influencing gas and associated markets on the African continent. Gas infrastructure investment opens up significant opportunities to companies on a global level and significantly alters the competitive structure of industries in which companies operate, including the players within them.

The largest opportunities for gas are anticipated to originate from countries like Nigeria, Mozambique, Tanzania, Ghana, Cote d'Ivoire and South Africa. The investment opportunity for these top 6 countries, evaluated from an engineering and project management perspective, totals approximately $12, 6 billion, with a total number gas power opportunities increasing to as much as $212 billion.” The Convention however gathered over 200 high profiled industry delegates and showcased insights from over 75 senior speakers, who were able to contextualize challenges and investment opportunities that exist for the East African energy landscape.

 
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