This page is also available in
Article Author: New power platform to boost electricity generation in Africa and mobilise US$1bn
Media Source: CDC Group (UK)
Date: 25 April 2017
The CDC Group (formerly the Commonwealth Development Corporation) and the Aga Khan Fund for Economic Development (AKFED), and its industrial and infrastructure development arm Industrial Promotion Services (IPS) have launched a new joint power platform that will boost power generation in sub-Saharan Africa, accelerating economic…
The CDC Group (formerly the Commonwealth Development Corporation) and the Aga Khan Fund for Economic Development (AKFED), and its industrial and infrastructure development arm Industrial Promotion Services (IPS) have launched a new joint power platform that will boost power generation in sub-Saharan Africa, accelerating economic growth and impacting millions of people in the region. The joint platform will house IPS’s existing power projects in Kenya and Uganda, and will focus on new power projects in greater East Africa (including Democratic Republic of Congo (DRC), Mozambique, and Madagascar) and West Africa. Besides developing regional and national power projects, both IPS and CDC intend to partner on mini and off-grid projects that will directly provide reliable and affordable electricity to rural populations away from regional and national grids.