African Energy

by Developed Africa 8. August 2013 09:00

Push towards renewable energy in Africa from the World Bank.

The World Bank is going to put $340 million into a Hydro-electric power project spanning 3 African countries: Burundi, Rwanda and Tanzania. This is mainly due to the fact that it wants to instill the virtue of using environmentally friendly energy into African communities so that they do not suffer the problems of the rest of the world of emitting trillions of tons of greenhouse gas emissions every year. 

Though there are some that would debate the effects of greenhouse gases, and that using traditional fuels is cheaper for African citizens, the World Bank's director for Sustainable Development has defended and promoted its move, stating that:

at around 6 cents a megawatt-hour, this project puts the average power plant cost of roughly 23 cents a megawatt-hour to shame."

This really is an area that desperately needs investment, and the support of the World Bank in this area will hopefully encourage other investors to do the same. According the World Bank's own fact sheet report, only 24 % of citizens in sub-Saharan Africa have access to electricity. The Wall Street Journal's article reports that not only will the project:

cut business costs, give customers more access to services and fuel manufacturing growth"

it could also improve the likelihood of children attending, and excelling, at school. As the added security of lights around the school would encourage attendance, and the possibility of electricity in the home would enable children to study away from school.

Developed Africa has many hydro-electric, solar and wind power opportunities promoted on its website, and is therefore a great supporter of the move towards providing sustainable electricity across the continent.


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