By Tom Daly
Africa needs a big boost power generation and must establish access to electricity in the developed world, says KenGen CEO.
The CEO of the Kenya Electricity Generating Company (KenGen) has said Africa needs to bridge the gap in electricity access between itself and the developed world.
Addressing the German World Bank Forum in Berlin recently, Eddy Njoroge said that Africa required a huge increase in its power generation capacity and questioned whether the continent would be able to afford this investment by itself.
Njoroge said that Africa was fraught with small power systems and small markets that limited profitable business ventures in the power sector.
He suggested the continent follow Kenya's example in establishing a legal and regulatory framework, as well as fiscal incentives and guarantees to eliminate the risk for potential investors.