Powering Africa: Meeting the financing and reform challenges
AbstractSub-Saharan Africa faces chronic power problems, including insufficient generation capacity, low connectivity, poor reliability, and high costs, all of which constrain development. The investment requirements to meet Africa's power needs are noted and strategies to address the funding gap are set out. The time for an ideological debate on public versus private investment is over—both are needed. Africa's key challenges are the management of hybrid power markets, the reform of state-owned utilities, cost-reflective pricing, better targeting of subsidies, the nimbler rollout of electrification, and stronger regional integration.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 42 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/enpol
Africa; Electricity; Finance;
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- Paul Collier & Tony Venables, 2012.
"Greening Africa? Technologies, endowments and the latecomer effect,"
Economics Series Working Papers
WPS/2012-06, University of Oxford, Department of Economics.
- Collier, Paul & Venables, Anthony J., 2012. "Greening Africa? Technologies, endowments and the latecomer effect," Energy Economics, Elsevier, vol. 34(S1), pages S75-S84.
- Paul Collier & Anthony J. Venables, 2012. "Greening Africa? Technologies, endowments and the latecomer effect," CSAE Working Paper Series 2012-06, Centre for the Study of African Economies, University of Oxford.
- Paul Collier & Anthony J Venables, 2012. "Greening Africa? Technologies, endowments and the latecomer effect," OxCarre Working Papers 089, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
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