It is hoped that the decisions taken at the summit would determine the energy future and well-being of over 400 million people living in the region.
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“If these prices are achieved for medium-sized projects of 30 MW and 80 MW, it is anticipated that for larger projects, price reductions would be even more important,” he said. He also advocated for states to adopt reforms that “create conditions of duty for the recovery of the energy sector and the financing of projects and programs for access to quality energy and low costs.”Mr Gaba said decisions taken at the summit would determine the energy future and well-being of over 400 million people living in the region.
He said there’s an urgent need to mobilise significant funding and make massive investments in the electricity sector to achieve the goal of universal access by 2030, with sufficient supply of electricity and quantity.He said the World Bank with its initiative, Mission ‘M300’, launched in April in partnership with the African Development Bank , aims to mobilise “massive and innovative funding” to achieve universal access to electricity in the region.
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