The U.S. Government’s Power Africa initiative and the joint UN-World Bank Sustainable Energy for All (SE4ALL) initiative will sign a Cooperation Understanding during the SE4ALL High Level event at the United Nations, Press Briefing Room S-237, on Monday, September 22, at 11:00 AM.
The U.S. Government’s commitments to cleaner energy solutions are further advanced with signing of the September 22nd Cooperation Understanding. The Power Africa and SE4ALL initiatives will now complement and mutually support each other by expanding cleaner energy investment and providing access to the energy poor. Integrated cooperation between Power Africa and SE4ALL will facilitate implementing energy access projects through Power Africa’s Beyond the Grid initiative and SE4ALL’s focus on connecting the energy poor in off-grid communities.
The U.S. Government Coordinator for Power Africa and Trade Africa, Andrew M. Herscowitz, remarked, “The cooperation of Power Africa and SE4ALL will galvanize U.S. partnerships with other countries and also further attract private sector interest including international financial organizations for our efforts to increase access to electricity in sub-Saharan Africa. This agreement will also mobilize African leaders to advance regional energy transactions and expand individual country coordination.”
The SE4ALL initiative is a multi-stakeholder partnership between governments, the private sector, and civil society. Launched by the UN Secretary-General in 2011, it has three interlinked objectives to be achieved by 2030: ensure universal access to modern energy services; double the global rate of improvement in energy efficiency; and double the share of renewable energy in the global energy mix. Achieving the three objectives together will grow economic development opportunities through clean energy solutions and help stabilize climate change in the long run.
In 2013, President Obama launched Power Africa, an innovative private sector-led initiative, aimed at doubling electricity access in sub-Saharan Africa. One year after its launch, Power Africa, working closely with host governments and private sector partners, has already helped facilitate the financial closure of transactions that are expected to generate almost 2,800 megawatts (MW) of electricity, and is actively supporting transactions expected to generate an additional 5,000 MW. In August 2014, the President expanded Power Africa’s commitment by increasing its aggregate goal from 10,000 to 30,000 megawatts of additional electricity generating capacity in sub-Saharan Africa that should provide electricity access to an additional 60 million household and business connections. The President also renewed the U.S. Government’s financial commitment to Power Africa, pledging a new level of $300 million in assistance per year and announcing $6 billion in new private sector commitments, bringing total private sector commitments under Power Africa to date to more than $20 billion.
The press conference is open to the media and other governmental and non-governmental organizations. Please plan to arrive for the signing by 11:00 AM.
Other questions concerning the signing or the U.S. Government’s role in SE4ALL should be directed to ENR-PD-Clearances@state.gov; questions concerning Power Africa should be directed to Adi Raval at (202) 712-5235, or by email at firstname.lastname@example.org; and questions concerning SE4ALL should be directed to Anthony Kamara at +43-1-26060-83402, or by email at A.Kamara@SE4ALL.org.