African Continent Needs U.S.$3.2 Trillion to Meet Energy Requirements By 2035

February 19, 2015

THE African continent would require about $3.2 trillion cummulative investment to meet the energy demand occassioned by growing population by 2035.

The Managing Director, Africa, Electrical Sector, Eaton, Shane kilfoil, who disclosed this at its inaugural West Africa Technology Day in Lagos, said about 55 per cent of Africa’s population currently lack access to power supply.

Kilfoil however added that with about 118 per cent growing population, the energy demand would equally growth at 93 per cent.

He therefore stressed the need for massive investment in the continent which should cover the renewable energy segment.

 The Eaton boss therefore expressed the company’s commitment to support the African nations, particularly Nigeria in its quest to achieving reliable power supply.

In pursuant of the goal, he said the company deemed it fit to showcase it’s solutions spanning five industry segments: Oil and Gas, Data Centre and IT, Mining, Electrical Utilities, Solar and Wind energy.

Kilfoil announced that Eaton would also leverage its expertise and capabilities in Africa through its manufacturing facilities in South Africa, Morocco and Tunisia, its extensive distributor network and a dedicated team of 900 employees across the region to support the US Government’s Power Africa initiative in Nigeria as well as in Ghana, Liberia, Kenya, Tanzania and Ethiopia.

Source: All Africa

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