NEPAD-IPPF Fund Manager, Shem Simuyemba, informed stakeholders that NEPAD-IPPF had approved a total of US $14.83 million for the preparation of eight regional projects covering energy, transport and water.
Simuyemba made the pronouncement while taking stock of achievements during 2016 at the Business Strategy Workshop for NEPAD-IPPF held at the headquarters of the African Development Bank (AfDB) in Abidjan, Côte d’Ivoire, on Friday, February 3, 2017.
Five energy/power projects were approved, two in West Africa, two in Southern Africa and one in East Africa. In West Africa, these were, the Nigeria-Benin 330 kV Power Interconnector Reinforcement Project executed by the West African Power Pool (WAPP) and the Feasibility Study for Women in a Changing Energy Value Chain in West Africa under the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREE) intended to unlock business opportunities for women entrepreneurs in the energy value chain.
In East Africa, NEPAD-IPPF funded the Uganda-Tanzania Refined Oil Products Pipeline Project with oversight from the East African Community Secretariat. In Southern Africa, approved projects were, the Zambia-Mozambique 400 kV Power Interconnector Project and the Kolwezi (DRC)-Solwezi (Zambia) 330 kV Power Interconnector Project linking the two copper-mining belts of Katanga in the Democratic Republic of Congo (DRC) and Northwestern Zambia. The Executing Agency for the two projects is the Southern Africa Power Pool (SAPP). The Zambia-Mozambique Power Interconnector Project is co-financed with the US Trade and Development Agency (USTDA).
The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) has continued to support African countries to strengthen regional infrastructure connectivity by providing grants for project preparation and development for complex, cross-border regional infrastructure projects in energy, transport, ICT and trans-boundary water.
This directly supports Africa’s integration and industrialization efforts as well as trade in goods and services and helps to improve the quality of lives of Africans by improving access to infrastructure services – electricity, transport, communications and water.
NEPAD-IPPF provides grants to African countries through Regional Economic Communities (RECs) and specialized regional infrastructure institutions such as Power Pools to undertake feasibility, technical and engineering designs, environmental and social impact assessment studies, as well as preparation of tender documents and transaction advisory services to make projects bankable for financing and implementation in support of Africa’s socio-economic transformation.