Luanda – The expansion of the electricity grid in Angola, by 2050, will require an investment valued at 106 billion US dollars, according to the consultancy company Ernst & Young (EY) Angola.
In a press release sent to ANGOP Monday, the consultant's partner, André Afonso, believes that of this amount, around USD 20 billion should be invested in the Angolan energy sector by 2030.
The source, who spoke within the framework of the Energy and Environment Forum under the motto “The future matrix”, held last Friday, in Luanda, defended the need for the State to invest, clearly, in mitigating risk and implementing appropriate measures, to attract new investors in this sector.
According to André Afonso, the intensity of risk transfer can define the model of private sector participation in the delivery of infrastructure, with the private sector assuming the majority of financial and operational risks, through the Public-Private Partnership (PPP) complete.
With this, he said, the private sector can play an important role in the development of infrastructures, complementing the action of the public sector and helping to resolve some of the financial and operational challenges that can impede the construction of necessary infrastructures.
On the occasion, the EY- Angola partner also highlighted some of the risk mitigation and investment capture strategies underway in Africa, such as the development of a lasting and investor-friendly legislative and regulatory framework, as well as the initiatives of American bodies that aim to increase access to electricity in sub-Saharan African countries.
He also highlighted that renewable energy has been one of the most successful sectors in using public funds to mobilize private financing and investment, a fact that has fueled the sustained (double-digit) growth of renewable energy in recent decades.
EY consultancy aims to build a better business world, helping to create long-term value for its clients, employees and society, as well as generating confidence in the markets. AMC/QCB/TED/DOJ
