Venue: Hilton Istanbul Bomonti Hotel & Conference Center
Website/Register: Africa Energy Forum
Description: The World Bank is reporting that a third of countries in Africa have grown by at least 6% in the last year. A reliable and affordable power supply is essential in order to maintain this buoyant growth. However, it is estimated that power outages cost African economies, on average, the equivalent of 2% GDP. These shortcomings in the power sector threaten Africa’s long-term economic development. What steps are being taken to remove this obstacle to growth?
The Africa Energy Forum (AEF) is the biggest and most important event on African power which brings all the major players in the industry to the same place at the same time. AEF brings 75% of Africa together under one roof, providing a unique platform to discuss the continent’s power sector.
Rather than focus on ideological discussions on public versus private investment or renewable energy versus fossil fuels, the Africa Energy Forum provides all key stakeholders – African governments, utility executives, development finance institutions, development partners and the private sector, an opportunity to discuss how they can work together to close Africa’s current power gap and meet its projected demand.
Delegates return to AEF year on year in order to meet with new and existing clients, sign business deals and learn about specific investment climates from the key industry stakeholders.
The AEF exhibition is the hub of the Forum where investors can promote their products and services and discuss how best to overcome current challenges faced within the market. Country specific briefings provide intimate, in-depth discussions and allow for direct engagement with government officials, CEOs and head of utilities.
Hopes are high that AEF Barcelona will represent the turning point where the foundations for a growing African power sector are identified. This year’s Forum will examine the increasing number of private power projects that are reaching financial closure in Africa. Where is this stream of power projects? What government messages and programmes are attracting investors? What will be the demand for power to sustain the economic growth rates projected for many African countries? The opportunities and challenges provide an exciting future for those engaged in Africa’s power market.
As a pioneer in developing wind and solar energy plants, it is no surprise that some of the biggest developers of renewable energy projects in South Africa are Spanish. Barcelona, one of Europe’s most beautiful cities, promotes itself as a link between Africa and Europe and provides the African power industry with an exciting meeting place.