Africa Oil and Power forum discusses energy opportunities in Africa

Africa energy opportunities

The second day of the Africa Oil & Power conference opened Oct. 10 in Cape Town South Africa with discussions on the opportunities and challenges in Africa’s energy sector.

Under the theme of “Energy in Powering Growth”, the conference discussions focused on topics such as the energy transition, Africa’s renewable energy sector, financing the power sector and energy security.

“The theme of the conference #MakeEnergyWork resonates very well with the CEF Group of companies, taking into account the global challenges in terms of energy requirements,” said Kholly Zono, Acting CEO of CEF Group at the conference.

“Making energy work is challenging us to move beyond strategies and focus on innovative approaches.”

Zono outlined CEF Group’ energy s strategies and shared that the CEF group is, in line with the conference theme, motivated by the goal of making energy work and, is driven by the agenda of addressing inequality, unemployment, and poverty.

He said, at the core of its strategy, the group is built on the fundamental principles of empowering people and innovation.

Meanwhile, Minister of Mineral Resources and Energy of South Africa, Gwede Mantashe, launched the Africa Energy Series: South Africa 2019 report at the event. The report was compiled by Africa Oil & Power.

In his keynote address, Minister Mantashe spoke about the role the energy sector plays in driving economic growth. Matashe stated:

“South Africa recognises the energy and mineral resources sectors as catalysts to economic growth. We have witnessed how an adverse impact of high costs and unreliable supply of energy have on the productive sectors of the economy.”

He further added that the government of South Africa is also promoting the Integrated Resource Plan and the Amendment to the Gas Act of 2001 to encourage investment in the energy sector and to increase energy security in the continent.

In a renewable energy panel discussion moderated by Esther Lediga, Managing Director of Intra-Afrika Advisory, CEOs of companies operating in the sector from across the continent agreed that the clean, reliable and sustainable energy has a big role to play in lighting up Africa.

“Renewables have moved at a very fast pace. Many governments are still getting their heads around how to implement it in the best possible way. The benefits of renewable is multi-fold,” said David Masureik, CEO of New Southern Energy.

On building a sustainable renewable energy future, Maduna Ngobeni, Head of Regional Programmes at IPPO, said:

“We shouldn’t compete with each other. We need to strive for a common goal – we need to understand where we want to be and how we get there. How exactly do we make the environment conducive? What kind of project do you want? The private sector needs clear framework that will show: ‘for the next five to ten years, this is how we will roll it out’.”

In tune with this, the CSIR’s Energy Centre Head, Dr Clinton Carter-Brown, in an AOP talk session addressed South Africa’s energy transition to decarbonisation based on mostly renewable energy and highlighted that the transition presents more opportunities than challenges for the country.

“South Africa is well-positioned to be among regional and global leaders transitioning the energy system. Therefore strategic investment in research and development initiatives that speak to technology innovation and industrialization are paramount.”

In a utility of the future panel discussion joined by Sustain Power, Matleng Energy Solutions, USAID/Power Africa and more, the panel agreed on a customer-focused and sustainable strategies as the way forward. Rather than seeing the difficulties facing Africa as obstacles, the panel believes that these challenges hold the potential for Africa to get ahead of trend.

“Everyone wants to get off the grid. It’s a chance to leapfrog. If there’s an opportunity to leapfrog into new technology in Africa … [we] can become a leader in this worldwide.”

In the latter part of the day, the conference saw a panel discussions on financing the power sector. Participants on the panel included DMWA Resources, Afreximbank, and others.

Noble Energy delivered a presentation on the Alen Gas Monetization, followed by Sasol and South Africa’s Independent Power Producer’s Office (IPPO) which highlighted how South Africa’s transition into renewable energy needs to factor in the human reliance on the coal industry.

“Our transformation is also very much a process that needs to consider the impact on the economy and the impact on the people who are deployed in the sectors that are affected,” said Sandra Coetzee, Acting Head of the IPPO.

The Africa Oil & Power conference and exhibition will conclude on October 11. The program for the final day will be centred on the theme Driving Investment and African Trade.

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Vincent Olago

Vincent Olago

Vincent Olago is the Managing Editor of Ledger Africa and has been active in the blockchain space for three years now. He's passionate about entrepreneurship and the potential of disruptive blockchain technologies to reshape our world. He supports startups to tackle blockchain challenges, address strategic problems and optimize growth.