Energy:Africa needs $40bn annual grid investments for stable electricity

The Sahara Power Group Managing Director, Kola Adesina, says in a press release African countries will require an average of $40billion power grid investments annually for five years to deliver stable electricity to citizens on the continent.

Annual investment in electricity grids should more than triple in the 2026-30 period, compared with 2016-20, reaching 40 billion dollars per year on average. Distribution networks account for over two-thirds of this total,” he said.