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Ongoing Africa Energy Forum in Lisbon opens investment opportunities in energy sector

Devdiscourse News Desk | Lisbon | Updated: 12-06-2019 19:14 IST | Created: 12-06-2019 19:14 IST
Ongoing Africa Energy Forum in Lisbon opens investment opportunities in energy sector
Africa Energy Forum brings together over 2,500 decision-makers in Africa’s energy sector to form partnerships, identify opportunities and collectively move the industry forward. Image Credit: africa-energy-forum.com

Capital of Portugal, Lisbon is organizing Africa Energy Forum event between June 11 and 14, which gathers experts from Africa's power, energy, infrastructure and industrial sectors.

Africa Energy Forum brings together over 2,500 decision-makers in Africa's energy sector to form partnerships, identify opportunities and collectively move the industry forward. Over 20 ministers and other senior officials from Africa governments are taking part to present investment opportunities in the energy sector of this continent. Experts from governments, utilities, power developers, financial institutions, power technology providers, EPC contractors and consultants are currently under one roof with an aim to discuss investment and projects in Africa's energy sector.

On the first day of Africa Energy Forum, wide ranges of public sector decision makers, have been welcomed with about 46 percent African nationals and 21 percent of total delegates being leading public sector policymakers. Even African countries like South Africa, Angola, Kenya, Ghana, Ethiopia, Morocco, Cote D'Ivoire, Nigeria, Uganda, Mozambique and Egypt are also showcasing their latest projects and investment opportunities at the event.

"The Forum's shift to Lisbon has been warmly welcomed by the government of Portugal who continues to put partnerships, knowledge and technology transfer and economic opportunities firmly in the hands of all that welcome them. This is especially true in the exciting Lusophone countries who are seeing massive investment in their natural resource and electricity sectors," Simon Gosling, event's managing director said.

"What we focus on is straight forward - gathering together the people who make deals happen. What we deliver is simple: 'Energy. In One Place'. Our new, bolder identity reflects this simplicity, whilst strengthening our position in the market and delivering increased value to our customers," he added.

Angolan news agency Angop revealed that the South African country is passionate about attracting business opportunities from the private investors in the country's energy sector. Angola's energy sector requires to increase around USD 3 billion for infrastructure construction by 2022 with an objective to augment country's power production capacity from the current 3,334 megawatts to 7,500 megawatts.

Also Read: AfDB releases new report, claims Africa's GDP to grow at 4 pct in 2019


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