New US-Japan Partnership to Help Sub-Saharan Africa
The new ‘Power Africa’ partnership will help with sustainable energy supply and distribution in Sub-Saharan AfricaSeptember 16th, 2016
U.S. agency ‘Power Africa’ has announced a partnership with Japan based on which it will be able to invest more money into Sub-Saharan African sustainable energy distribution. The project will invest 43 billion USD in the region.
On August 25, 2016, Power Africa announced a new partnership with the Japanese government focused on reducing energy poverty and increasing access to sustainable energy in sub-Saharan Africa. This partnership will allow the United States to dedicate more support to the region thanks to the Memorandum of Cooperation signed between the United States and Japan, which includes a commitment to share strengths, expertise and resources in an effort to accelerate access to renewable energy in Africa.
The United States Agency for International Development and the Japan government sought to streamline the recent Tokyo International Conference on African Development (TICAD) through Power Africa in order to bring an additional 1200MW of power to sub-Saharan Africa by the end of 2018. At the fifth TICAD summit in 2013 the Government of Japan already committed to provide financial support of 2 billion USD to promote low-carbon energy in Africa over five years.
The Power Africa-Japan partnership represents the United States and Japan’s shared commitment to contribute to the global effort to achieve the United Nations Sustainable Development Goals, and in particular to contribute to efforts to achieve the 7th Goal, which aims to increase access to affordable, reliable, sustainable energy for at least 60 million new connections by 2030.
The partnership will also accelerate progress toward Power Africa’s own development goals. Power Africa is a U.S. Government led initiative launched by President Obama in 2013. It focuses on protecting the environment through investments into clean and renewable energy and the geothermal sector, improving energy efficiency, and supporting the cross-border energy trade.
The public sector partners of the project, which include the African Development Bank and the World Bank, as well as the Governments of Sweden, Canada, Norway, the United Kingdom and the European Union, have collectively committed nearly 12 billion USD in support of sustainable energy activities across Sub-Saharan Africa. Another 31 billion USD, of a total of 43 billion USD that Power Africa already collected, comes from private investors.