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COP27 : 12 Southern African countries to present an US$18 bln energy transition plan

Tuesday, 08 November 2022 14:02
COP27 : 12 Southern African countries to present an US$18 bln energy transition plan

(Ecofin Agency) - The proposal provides for the construction of 8.4 gigawatts of renewable energy sources in twelve countries in the sub-region.

Tanzanian President Samia Suluhu Hassan will present an US$18 billion energy transition proposal in 12 southern African countries at the 27th United Nations Climate Conference (COP27), Bloomberg reported Monday, Nov. 7, citing Tanzanian Energy Minister January Makamba.

According to Bloomberg, “under the proposal, a bloc of 12 countries in the region would increase generation by about 8.4 gigawatts from sources such as solar and wind.”

The twelve countries, which include South Africa, Tanzania, Angola, Botswana, Mozambique, and Zambia, currently rely mainly on coal to generate electricity. Their power grids are connected under an initiative called the Southern African Power Pool (SAPP).

Suluhu Hassan is expected to present the energy transition proposal at a meeting of leaders of developed countries and financial institutions on the sidelines of COP27.

"It’s a very timely occasion at this COP to talk about infusing renewables into the Southern African Power Pool. […]You want us to transition? This is the opportunity,” said Minister Makamba.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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