Book

Independent Power Projects in Sub-Saharan Africa : Lessons from Five Key Countries

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collection.link.336
https://openknowledge.worldbank.org/handle/10986/32464
collection.name.336
Directions in Development
dc.contributor.author
Eberhard, Anton
dc.contributor.author
Gratwick, Katharine
dc.contributor.author
Morella, Elvira
dc.contributor.author
Antmann, Pedro
dc.date.accessioned
2016-03-29T22:00:53Z
dc.date.available
2016-03-29T22:00:53Z
dc.date.issued
2016-04-08
dc.date.lastModified
2020-10-28T10:03:56Z
dc.description.abstract
Inadequate electricity services pose a major impediment to reducing extreme poverty and boosting shared prosperity in Sub-Saharan Africa. Simply put, Africa does not have enough power. Despite the abundant low-carbon and low-cost energy resources available to Sub-Saharan Africa, the region’s entire installed electricity capacity, at a little over 80 GW, is equivalent to that of the Republic of Korea. Looking ahead, Sub-Saharan Africa will need to ramp-up its power generation capacity substantially. The investment needed to meet this goal largely exceeds African countries’ already stretched public finances. Increasing private investment is critical to help expand and improve electricity supply. Historically, most private sector finance has been channeled through privately financed independent power projects (IPP), supported by nonrecourse or limited recourse loans, with long-term power purchase agreements with the state utility or another off-taker. Between 1990 and 2014, IPPs have spread across Sub-Saharan Africa and are now present in 17 countries. Currently, there are 125 IPPs, with an overall installed capacity of 10.7 GW and investments of $24.6 billion. However, private investment could be much greater and less concentrated. South Africa alone accounts for 67 IPPs, 4.3 GW of capacity and $14.4 billion of investments; the remaining projects are concentrated in a handful of countries. The objective of this study is to evaluate the experience of IPPs and identify lessons that can help African countries attract more and better private investment. At the core of this analysis is a reflection on whether IPPs have in fact benefited Sub-Saharan Africa, and how they might be improved. The analysis is based primarily on in depth case studies, carried out in five countries, including Kenya, Nigeria, South Africa, Tanzania and Uganda, which not only have the most numerous but also among the most extensive experience with IPPs.
en
dc.identifier.isbn
978-1-4648-0800-5
dc.identifier.uri
http://hdl.handle.net/10986/23970
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
Directions in Development--Energy and Mining;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
INDEPENDENT POWER PROJECT
dc.subject
INDEPENDENT POWER PRODUCER
dc.subject
POWER PURCHASE AGREEMENT
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE PROJECT
dc.subject
GENERATION
dc.subject
PRIVATE PARTICIPATION
dc.subject
ELECTRICITY
dc.title
Independent Power Projects in Sub-Saharan Africa
en
dc.title.subtitle
Lessons from Five Key Countries
en
dc.type
Book
en
okr.crossref.title
Independent Power Projects in Sub-Saharan Africa: Lessons from Five Key Countries
okr.date.disclosure
2016-04-08
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-0800-5
okr.identifier.internaldocumentum
210800
okr.identifier.report
104779
okr.imported
true
okr.language.supported
en
okr.region.geographical
Sub-Saharan Africa
okr.topic
Private Sector Development
okr.topic
Infrastructure Economics and Finance
okr.topic
Energy :: Energy Production and Transportation
okr.topic
Energy :: Energy and Environment
okr.unit
GEEDR

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