SADC energy plan could see $48bn saved
This would mean synchronizing the implementation of various planned energy projects with expected capacity of 27,881MW and current completion date in 2018.
SAPP Chief Market Analyst Engineer, Musara Beta, disclosed this at a recent regional energy regulators conference adding that a master plan for the regional power market is vital as it helps to reduce capital costs by implementing least cost projects for the benefit of the region.
"It also reduces excess capacity for the pool. But more importantly savings of over $48 billion can be realized if the various projects are implemented in a coordinated fashion," he said.
is the current completion date for various programs.
Dr Lawrence Musaba, SAPP Co-ordination Centre Manager, said the SAPP had secured a grant of $6.5 million from the government of Norway and Sida aimed at supporting competitive market development. Other grants had been acquired from the Development Bank of Southern Africa, African Development Bank and the World Bank. ■