Apr 14, 2010
Renewable energy partnership launched for Southern and East AfricaBack
Johannesburg|Development Bank Of Southern Africa|Renewable Energy|Africa|Botswana|Finland|Kenya|Mozambique|Namibia|South Africa|Swaziland|Tanzania|Zambia|EUR|Energy|Energy Consumption|Energy Efficient Sectors|Renewable Energy|Renewable Energy Solutions|Renewable Energy Sources|Sustainable Energy Sources|Daniel Modise|Mary Kamari|East Africa
© Reuse this
Speaking at the launch in Johannesburg, the ambassador of Finland Tiina Myllyntausta said that energy consumption was on the increase worldwide, especially in developing and emerging countries.
"With climate change being a growing concern, the world has to learn to reduce its reliance on traditional sources of energy and develop the potential and access to sustainable energy sources derived from renewable energy sources, of which Africa has an abundance off."
The EEP-SE&A programme was launched to provide partial financing for feasibility studies, as well as pilot and demonstration projects in the renewable energy and energy-efficient sectors.
The programme seeks to support activities that would result in policy and market awareness creation, establishing project feasibilities, implementation of commercial projects and the provision of reliable and affordable renewable energy solutions for rural areas.
To achieve this, the Finnish government would contribute €8,5-million to approved projects over the next three years to the eight partnering countries that included: South Africa, Botswana, Kenya, Mozambique, Namibia, Swaziland, Tanzania and Zambia.
The Austrian Development Agency was also planning to contribute €1-million to the initiative.
The maximum amount available for a single project from the programme fund was €200 000, however, there was no limit to the amount of projects that would be approved within the budget, which was made available to private and public companies, research institutes and civil society organisations.
DBSA representative Mary Kamari noted that not only would the DBSA manage and host the EEP-SE&A programme, but it would also, together with Finland and other international agencies, examine the nature of additional support that might be needed to effectively implement renewable energy and energy-efficiency projects.
Meanwhile, South Africa's Department of Energy deputy director-general Daniel Modise pointed out that the African continent was the most vulnerable to climate change impacts, but the least prepared to deal with it.
He said that one of the biggest challenges that the continent was experiencing, was to scale up energy access and to mobilise the necessary finance for it.
"The investment needs are so huge and public resources are so limited, that there is no alternative to sourcing much of the funding gap from capital markets. Increased volumes of financing from multilateral and bilateral donors are necessary to complement and leverage finance from private markets, public resources and customer and community contributions."
Modise said that the department believed that the EEP-SE&A programme would provide much- needed assistance to South Africa and to the other African partner countries in furthering the continent's ambitions to facilitate the development of renewable energy, energy efficiency and climate change mitigation.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines
Other Electricity News
The use of biofuels, as a renewable-energy source, presents the potential for numerous environmental, energy security and efficiency benefits to the South African economy, says law firm ENSafrica senior associate environmental law division senior associate Andrew...
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
This Week's Magazine
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
South Africa’s sole nuclear power station Koeberg, which is located in the Western Cape, breached a major operations milestone on April 4, which marked the thirtieth anniversary of Unit 1 having been connected to the grid. Eskom, which operates the two-unit plant,...