{UAH} Power Africa Annual Report - July 2014

African leaders are articulating their own vision to dramatically increase access to power on the continent.Power Africa is supporting this African-driven vision in practical ways aimed at delivering results. Power Africa's approach focuses on partnership, driven by the private sector and supported by host country governments and multilateral and bilateral donors.

Power Africa Annual Report - July 2014 (PDF - 3 MB)

Large- and small-scale solutions for bringing cleaner, more efficient electricity generation capacity to sub-Saharan africa are all grounded in a new model of development that drivesPower Africa. The core of this model is based on effective partnerships that link public and private sector goals and resources, and connect investors and entrepreneurs to business opportunities in Africa. Structured not from the top down, but laterally, with U.S. agencies, African governments, private sector actors, and other stakeholders serving as partners in the enterprise — Power Africa is delivering results.

Power Africa's approach considers three related but distinct challenges to bringing that vision to life. power must be available, meaning sufficient megawatts must be generated to meet people's needs. It must be accessible, so that even those communities that cannot be connected to national grids can still access electricity. And it must meet basic quality considerations, meaning natural resources and megawatts generated are efficiently managed to ensure optimal use.

Power Africa Delivering Results

• Transactions brought to financial close will generate 2,792 MW
• 25% of total goal reached in first year
• Over 5,000 MW in process
• Nearly 3:1 leveraging of funds — $7 billion USG investment to more than $18 billion private sector financing
• First year results represent projects with a potential to power more than 5 million connections to African homes, businesses, schools, and clinics

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Rehema
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