Page 8 - AfrElec Week 06 2022

AfrElec REGUL ATIONS AfrElec

AfDB approves $2.5mn grant

for COMESA to harmonise

electricity regulations

AFRICA THE African Development Bank (AfDB) has key performance indicators (KPIs) for the
approved a $2.5mn grant to advance the intra-re- COMESA.
gional harmonisation of electricity regulations in It involves technical assistance for adoption of
the Common Market for Eastern and Southern regulatory performance indicators from AfDB’s
Africa (COMESA). Electricity Regulatory Index for Africa (ERI), a
The AfDB said harmonisation will be imple- contextualisation adoption and application to
mented through the Regional Association of monitor uniformity.
Energy Regulators for Eastern and Southern Component two involves technical assistance
Africa (RAERESA), the energy regulatory for adoption and application of uniform KPIs for
arm of COMESA, to drive cross-border power monitoring utility performance, support collec-
trading. tion of data and reporting of the indicators.
The beneficiaries are Burundi, Comoros, “The project will also assist the region to have
Democratic Republic of Congo, Djibouti, Egypt, a harmonised comparison of electricity tariffs
Eritrea, Eswatini, Ethiopia, Kenya, Libya, Tuni- and develop a Cost Reflectivity Assessment
sia, Madagascar, Malawi, Mauritius, Rwanda, Framework Tool [CRAFT],” said RAERESA.
Seychelles, Somalia, Uganda, Zambia and It involves providing technical assistance to
Zimbabwe. COMESA to undertake a comparative analysis
RAERESA said AfDB’s grant of $2.5mn will of electricity tariffs and drivers of tariffs across
fund technical assistance to promote the devel- the electricity value chain and developing a cost
opment and adoption of regional electricity reg- reflectivity assessment tool to track progress
ulatory principles. made by countries in migrating their tariffs
The regulator said in a January 31 press release towards cost reflectivity levels.
that the grant will enhance capacity to monitor Component four is Development of Infor-
utility performance, conduct a cross-border mation and Database Management System
analysis of electricity tariffs and develop a cen- (IDBMS). It involves technical assistance to
tralised database management system. RAERESA to develop centralised database man-
Project has four components which include agement system to provide platform for collect-
the elaboration and adoption of Regional ing data, store and disseminate regulatory and
Electricity Regulatory Principles (RERP) and other energy information.™

P8 www. NEWSBASE .com Week 06 10•February•2022