En­ergy will at­tract in­vest­ments to EAC

East African Business Week - - EDITORIAL - BY EABW RE­PORTER

The pro­vi­sion of ad­e­quate, re­li­able, aford­able and sus­tain­able en­ergy ser­vices is a key pri­or­ity area in our en­ergy sec­tor

ARUSHA—TAN­ZA­NIA-----The Sec­re­tary Gen­eral of the East African Com­mu­nity, Amb. Lib­er­atM­fu­mukeko, has em­pha­sized the im­por­tance of the East­ern Africa Power Pool (EAPP) in con­tribut­ing to so­cio-eco­nomic growth in East Africa.

Arusha, Tan­za­nia- “The pro­vi­sion of ad­e­quate, re­li­able, af­ford­able and sus­tain­able en­ergy ser­vices is a key pri­or­ity area in our en­ergy sec­tor for re­al­iz­ing the vi­sion we have for East Africa as well as elec­tric­ity in­ter­con­nec­tiv­ity across bor­ders to pro­mote the broader EAC ob­jec­tive of at­tract­ing in­vest­ment and pro­mot­ing com­pet­i­tive­ness and trade,” he said. Amb. Lib­erat urged EAPP to en­gage with the EAC Sec­re­tar­iat and its Part­ner States in the for­mu­la­tion of the 10-year Strate­gic Ac­tion Plan which will ad­dress the un­der­ly­ing chal­lenges within the en­ergy sec­tor across the re­gion. EAPP’S main ob­jec­tive is to op­ti­mize de­vel­op­ment of en­ergy re­sources in the re­gion and to ease the ac­cess to elec­tric­ity power sup­ply to all cit­i­zens of the coun­tries in the East­ern Africa Re­gion through the re­gional power in­ter­con­nec­tions. Mem­ber coun­tries of the re­gion have ac­tively been im­ple­ment­ing power generation and trans­mis­sion projects. Most of the in­ter­con­nec­tion projects are now pro­gress­ing so fast that be­fore 2020 all of EAPP’S mem­bers, ex­cept Libya and Egypt, will be in­ter­con­nected by power ex- change (trade). Libya and Egypt are al­ready con­nected but the pro­posed link be­tween Egypt and Su­dan is now at fea­si­bil­ity study stage. Present at the meet­ing were se­nior of­fi­cers from the mem­ber coun­tries’ en­ergy sec­tors, In­de­pen­dent Reg­u­la­tory Board mem­bers and De­vel­op­ment Part­ners in­clud­ing the World Bank, Power Africa, Swe­den, African De­vel­op­ment Bank, Nor­way and China. The par­tic­i­pants en­gaged in dis­cus­sions around Bi­lat­eral Trad­ing Plat­forms which is part of EAPP’S fu­ture prospects. This will make it eas­ier to en­ter into short term bi-lat­eral trades be­tween EAPP mem­bers and EAPP mem­bers and NON-EAPP mem­bers that they are in­ter­con­nected with. It also as­pires to fa­cil­i­tate the trad­ing of elec­tri­cal prod­ucts (en­ergy, ca­pac­ity, re­serves) and trans­porta­tion (trans­mis­sion). Mem­bers of the Steer­ing Com­mit­tee, en­ergy stake­hold­ers and part­ners present at the meet­ing also dis­cussed the sta­tus of the EAPP In­ter­con­nec­tion Code Com­pli­ance Pro­gram, con­sid­ered pri­or­ity areas for mo­bi­liza­tion of funds and ex­plored re­new­able en­ergy re­sources de­vel­op­ment and al­ter­na­tive trans­mis­sion fi­nanc­ing modal­i­ties. As part of the mile­stones EAPP has so far achieved is de­vel­op­ment of a de­tailed Process and Prin­ci­ples doc­u­ments that pro­vides a step by step stake­holder process (sim­u­lates reg­u­la­tory process) and tech­ni­cal guid­ance. This is to sup­port trans­mis­sion of firm power sale from Ethiopia to Tan­za­nia (200 MWS) for 20 years. Prof. Sospeter­muhongo, Min­is­ter for En­ergy and Min­er­als, Tan­za­nia, cited that EAPP was also look­ing to stan­dard­ize will­ing charges among its mem­ber states in or­der to fa­cil­i­tate smooth ex­change of power within the re­gion. He also handed the over Chair­man­ship to Eng. Irene Mu­loni, Uganda’s Min­is­ter of En­ergy and Min­eral De­vel­op­ment who will chair the Coun­cil of Min­is­ters for the next year.

AD­E­QUATE EN­ERGY SER­VICES: Amb. Lib­erat Mfu­mukeko; EAC Sec­re­tary Gen­eral giv­ing his open­ing re­marks at the 12th Coun­cil of Min­is­ters open­ing ses­sion..

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