Affordability of energy must be prioritised – Radebe
South Africa's Energy Minister Jeff Radebe has urged the prioritisation of energy affordability in order to attract investment.
During his keynote address at the Africa oil and power conference held at the Cape Town International Convention Centre he said it was imperative in order to create jobs.
He said the "wild swings" of crude oil prices have impacted not only consumer countries but producer countries as well.
"We have witnessed wild swings in the prices of crude oil and these impact not only consumer countries but also producer countries as well," he said.
"This scenario prevails despite the fact that this great continent hosts some of the major energy resources such as potential hydro power from the Democratic Republic of Congo (DRC)."
He said Africa also has vast oil and gas resources which could transform the continent and spearhead industrialisation,"if these resources were to be exploited and also used internally to produce the much needed energy to drive our economies."
Radebe said energy poverty in Africa was a very "serious" concern and required a concerted effort to address the problem. The coalition of different energy stakeholders to resolve the challenge, which remained a stumbling block to Africa's development, would be crucial.
"Approximately 1,19 billion people, about 60 percent of the global population lived without electricity in 2014. About 2,7 billion people, 38 percent of the global population are without clean cooking facilities. Numbers and trends differ greatly by region," he said, adding that the vast majority of people without access to electricity and clean cooking facilities are in the Sub-Saharan Africa.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
