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 Posted: Fri Dec 05, 2008 3:34 am Post subject: European Union to Help African Countries Expand Electricity |
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European Union to Help African Countries Expand Electricity Networks
4th Dec. '08
The EU is to help African countries expand their electricity networks and promote energy interconnections between Africa and the EU, such as a Trans-Saharan gas pipeline. The EU aid will amount to €1 billion for a period of two years. It is the first concrete step to implementing the Africa-EU partnership, which was agreed in December 2007, according to a commission statement, which stressed "the urgent need to promote Africa electrification."
The EU is to offer technical assistance worth €10 million to African utility regulators and a further priority of the Africa-EU energy partnership is to be the development of oil and gas pipelines between African countries, but also between Africa and the EU, such as the €9 billion Trans-Sahara Gas Pipeline, planned to transport up to 30 billion cubic metres of gas per year to Europe via Nigeria, Niger and Algeria by 2015.
The EU and AU commissioners also agreed to increase transparency, elaborate a road map for the launch and implementation of a renewable energy co-operation programme and support for Africa's participation in the Global Gas Flaring Reduction partnership of oil and gas producing countries. The International Energy Agency has warned that Africa needs to spend an estimated €400 billion by 2030 to generate an additional 260,000 MW of power.
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