Page 12 - AfrElec Week 14 2021

AfrElec NEWS IN BRIEF AfrElec

Finspång in 2005.
SIEMENS

POLICY
Kenya orders review

of power purchase

agreements as losses
change did not stop because of Covid-19, and Managing Director for Africa
neither should the urgent task of preparing mount
humanity to live with the multiple effects of a As Managing Director for Africa, Haakansson
warming planet.” will be based in Morocco, and is responsible Kenya’s President Uhuru Kenyatta has set up
African Development Bank President for supporting Siemens Energy’s business a team to review power purchase agreements
Dr. Akinwumi A. Adesina said: “With our across the continent, as well as developing signed over the years by the state power
partners, we intend to mobilize $25bn opportunities to meet the challenges of the distributor, which has been making losses in
in financing for the success of the Africa energy transition, while improving access the recent past, Reuters reported..
Adaptation Acceleration Programme. It is to stable, affordable, and sustainable energy. Energy consumers in the East African
time for developed countries to meet their As part of driving the energy transition, nation often complain of high electricity
promise of providing $100bn annually for improving availability of sustainable energy charges, with some of the costs being
climate finance. And a greater share of this is the foundation for long-term economic attributed to idle capacity charges to
should go to climate adaptation. So far, more prosperity. compensate power generators for electricity
than $20 trillion have gone into Covid-19 ‘I am very pleased that Nadja will lead our generated but ultimately not used.
stimulus packages in developed countries. The Africa region with her ability to forge strategic The review team will carry out its work
International Monetary Fund’s plan to issue partnerships in an important and growing over six months, the president said in a legal
$650bn of new Special Drawing Rights (SDRs) market. Our primary goal at Siemens Energy notice seen by Reuters on Wednesday, and no
to boost global reserves and liquidity will be is to energize society. More than 500mn new contracts will be entered into during that
enormously helpful to support green growth people in Africa lacked access to electricity, period.
and climate financing for economic recovery. I making it an important region where we can Kenya Power, the distributor, swung into a
applaud the leadership of the US government leverage our innovative technologies and pretax loss of 7.04bn shillings ($64.44mn) for
and US Treasury Secretary Janet Yellen, improve lives for generations to come. Nadja its financial year to the end of last June.
especially, on this big push.” and her team will be instrumental to achieve Out of the 87.5bn shillings cost of sales
Speaking on behalf of US President Joseph this,’ said Christian Bruch, CEO Siemens incurred during the period, 47.5bn shillings,
R. Biden, US Treasury Secretary Janet Yellen Energy. or 54%, was capacity charges paid to power
said: “The United States remains a committed Since October 2019, Nadja Haakansson has producers, officials said.
development partner for Africa and a huge been the Vice President for Energy Services, Under the typical power purchase
supporter of the African Development Bank. Region Africa and Managing Director agreement, a power producer gets paid for any
Africa contributed the least to climate change Morocco and Ivory Coast at Siemens Energy. electricity produced, even if it is impossible
but is suffering the worst of its effects. I ‘Reliable access to energy is key to for Kenya Power to sell it to consumers due to
congratulate the African Development Bank the societal, industrial and economic excess capacity and other reasons.
and the Global Center for Adaptation for development of Africa and I am dedicated Kenya Power buys most of its electricity
developing the Africa Adaptation Acceleration to making an impact here, in collaboration from state-controlled Kenya Electricity
Programme. We support the programme… with our customers, partners, and talented Generating Company.
to help ensure that together, we can avoid the teams of Siemens Energy in Africa’, said It has also contracted numerous
worst effects of climate change.” Haakansson. ‘The development of the African independent power producers, which
The Africa Adaptation Acceleration energy infrastructure must ensure long term normally require power purchase agreements
Programme, as launched by the African prosperity for society while also advancing before securing financing to set up generation
Development Bank and the Global Center local skills and developing people and talents, plants.
on Adaptation, revolves around several in the countries where we are present.’
transformative initiatives: From January 2017 - October 2019, Nadja
AFRICAN DEVELOPMENT BANK was the Vice President and Country Division
Lead for Power Generation Services in POLICY
Thailand and Myanmar. During Nadja’s time
APPOINTMENTS in this role, Thailand’s energy infrastructure Senegal Aims for Universal
underwent rapid development, with over
Siemens Energy appoints 70 units of the Siemens Energy SGT800 gas Electricity Access by 2025
turbine deployed in the country. Prior to this,
Nadja Haakansson as Nadja held different roles across a variety of The government of Senegal aims to provide all
geographies and business units at Siemens,
citizens with access to affordable and reliable
starting her career with the company in electricity by the year 2025.

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