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African Development Bank President Donald Kaberuka to Open Power Indaba in Cape Town on Monday - The President of the African Development Bank, Mr. Donald Kaberuka, is to give the keynote address at the opening of the Power Indaba Summit on Monday 14 March at the CTICC in Cape Town, South Africa
African Development Bank President Donald Kaberuka to Open Power Indaba in Cape Town on Monday

 

PRZOOM - /newswire/ - Cape Town, South Africa, 2011/03/08 - The President of the African Development Bank, Mr. Donald Kaberuka, is to give the keynote address at the opening of the Power Indaba Summit on Monday 14 March at the CTICC in Cape Town, South Africa.

   
 
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Mr Kaberuka will address the following topic: “Powering the future on Africa’s terms? The role of the African Development Bank and its perspectives on the continents electricity growth potential."

The two-day Power Indaba Summit is a high-level meeting of development finance organisations, multi-lateral financiers, private investors, fund managers as well as government and utility delegations, particularly from countries in the SADC and COMESA regions and further afield from West African power houses Nigeria and Ghana.

Bank approved USD1billion for African power projects
The project director of the Power Indaba Summit, Nicole Smith, says it is vital that current and prospective investors hear from the Bank President: “the African Development Bank are one of the leading development financiers in Africa and the presence of its President at the Power Indaba Summit shows their continued commitment to the continent and the upliftment and progress of infrastructure development in Africa.”

She continues: “The African Development Bank has tripled its capital base this year to $100 bln, giving it greater fire power to tackle the huge infrastructure deficit faced by countries across a continent of a billion people. In December last year, the Bank approved funding of USD1billion for African power projects.”

Eskom’s Brian Dames and Minister Dipuo Peters
Power Indaba runs parallel to the African Utility Week conference and exhibition which features Eskom’s CEO Brian Dames and the South African Minister of Energy, Elizabeth Dipuo Peters as headline speakers. A joint opening session ensures that the high level discussions which start off the event are shared by all attendees and set the tone for high level discussions throughout the remainder of the summit.

More highlights of the Power Indaba programme include:
• Keynote address: SADC and beyond: strategies for infrastructure projects, Admassu Tadesse, Group Executive, Development Bank of Southern Africa, South Africa
• USA in Africa: how American funding can impact project feasibility and success, Alain Rosier, Vice President & Project Manager, Africa Infrastructure Program, Nexant, Inc., USA
• Access Nigeria – executive insider briefings on the investment opportunities and incentives.
• Access South Africa, including:
- National Energy Regulator of South Africa (NERSA) - Thembani Bukula, Chairman, Electricity Sub-Committee
- Eskom
o Paul O’ Flaherty, Finance Director
o Yousuf Haffejee, Head of Purchasing Division

Development finance round table: Panel discussion to examine the requirements to attract investment and financing models in the context of understanding the energy mix.

• Alfredo Abad, Head of Southern and Eastern Africa, European Investment Bank, South Africa
• Damien Navizet, Investment Officer, Energy Sector Specialist, Agence Francaise de Developpement, South Africa
• Georg Gruner, Senior Project Manager, Saharan Africa Regional Office, Kfw IPEX-Bank GmbH
• Dave Smit, Structured Finance, Energy, FMO, Netherlands
• Paul Eardly Taylor, Head of Energy, Utilities & Infrastructure CoverageStandard Bank, South Africa
• Andrew Johnstone, Chief Executive Officer, Africa Infrastructure Investment Managers (AIIM), Macquairie, South Africa

Power Indaba dates:
Conference: 14-16 March 2011
African Utility Week dates:
Conference: 15-16 March
Site visits: 17 March
Pre-conference workshops: 14 March
Location: CTICC in Cape Town, South Africa

 
 
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African Development Bank President Donald Kaberuka to Open Power Indaba in Cape Town on Monday

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