The New Partnership for Africa’s Development (NEPAD) is setting out to increase Africa’s bioenergy generation. The organization will host the “Bioenergy Investment Symposium for the Southern African Development Community (SADC) Region” in Johannesburg from July 30-31. The group hopes to help establish a “world-class bioenergy investment incubator” for southern Africa, sponsored by the ACP Business Climate Facility (BizClim).
The symposium will bring together some of the leading developers and investors from the bioenergy community to brainstorm and to come up with concrete steps to drive the development of sustainable bioenergy industry in the southern Africa region. “In the context of world economic crisis and increasing global demand for renewable energy sources, the successful development of a thriving biomass and bioenergy industry in Southern Africa would at once be a catalyst for economic recovery for the region and serve to establish the region as a major global force in the supply of biomass and bioenergy, “said Dr. Ibrahim Mayaki, CEO of NEPAD.
NEPAD will also be represented by Professor Mosad Elmissiry, head of the NEPAD Agency’s Energy Programs, is expected to provide a situation analysis of the bioenergy in Africa and NEPAD’s strategy for its sustainable development for both food and energy security.
Among topics lined up for discussion will be status of trans-national investment and bottlenecks for capital deployment and asset funding criteria for bioenergy and power in Africa. Promoters of bioenergy projects in the region will also be given an opportunity to present their business case or pitch for investment or partner cooperation.
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