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Bui Power chief calls Ghana to
reach net zero targets
GHANA BUI Power Authority (BPA) head Samuel Kofi Africa Summit in Washington DC, on March 17,
Dzamesi has called on private financiers, institu- Dzamesi said that BPA in particular is seeking
tional investors and the global energy market to partnerships to develop additional solar power
partner with the authority to help Ghana achieve plants that will be tied to the development of
its net zero targets, the Ghanaian Times reports. hydro in Ghana.
BPA has been exploring renewable energy BPA was established by an Act of Parliament
projects in line with the government’s target in 2007 with a mandate to plan, execute and
of increasing renewable energy in the coun- manage the Bui Hydroelectric Project, now
try’s energy mix by 10% by 2030 to achieve the the Bui Generating Station (BGS), a peaking
Sustainable Development Goals (SDGs) of the plant with a capacity to generate 404MW of
United Nations. hydro-generated power.
Speaking at the 8th edition of the Powering
IFC launches work to
scale up delivery of clean
electricity in DR Congo
DR CONGO THE International Finance Corporation (IFC) the private sector will be front and centre of the
has begun work to install solar photovoltaic (PV) drive.
systems to scale up the availability of clean elec- About 19% of DR Congo’s population
tricity in the Democratic Republic of Congo. had access to electricity in 2019 according to
IFC is working with DR Congo’s govern- World Bank data, underscoring the urgency for
ment to deliver clean solar energy to over 1.5mn increased power production and distribution to
homes, businesses, schools and clinics in the reach consumers, and meet the government’s
central African country under the World Bank target of connecting 30% access by 2024.
Group’s Scaling Mini-Grid (SMG) program. The SMG project features a number of inno-
The SMG was designed to help DR Congo vations including a first-of-a-kind minimum
and other emerging countries establish pub- revenue guarantee that aims to help de-risk and
lic-private partnership mini-grids to deliver low- unlock further private investments in the space.
cost renewable energy to consumers. It is supported by the Global Infrastructure
IFC said in a March 18 press release that the Facility, Green Climate Fund, the Rockefeller
program expects to secure funding of $400mn Foundation, Sustainable Renewables Risk Mit-
this year from private investors to deploy igation Initiative (SRMI) as well as governments
180MW of installed PV capacity to the cities of of Italy and Canada through their energy part-
Mbuji-Mayi and Kananga. nership programs with IFC.
IFC country manager for Central Africa, Syl-
vain Kakou, said championing the power sector
in Africa is crucial to spurring development, and
P8 www. NEWSBASE .com Week 12 24•March•2022
