Wednesday, July 3, 2013

Obama's 'Power Africa' Plan - U.S. government will invest $7 billion to help bring 10,000 mw of electricity to sub-Saharan Africa

Obama's Power Plan

In Cape Town, South Africa over the weekend, President Obama talked about a new energy plan called “Power Africa.” He described it as “a new initiative that will double access to power in sub-Saharan Africa.” The president implied that the U.S. government will invest $7 billion in taxpayer money to help bring 10,000 mw of electricity to sub-Saharan Africa.

Electricity, he said, is “the lifeline for families to meet their most basic needs and it’s the connection needed to plug Africa into the grid of the global economy. You’ve got to have power.”

Providing that power could be a real boon to American (and global) companies focused on power generation and energy management. Indeed, as the president said, “my own nation will benefit enormously if you reach full potential.”

Countries in sub-Saharan Africa with epileptic power supply. Ethiopia, Kenya, Liberia, Nigeria, Tanzania, Uganda and Mozambique.

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