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Frost & Sullivan: Political Insecurity Barricades Much Needed Foreign Investments in the Northern African Power Sector

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7 Pages
English

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Frost & Sullivan: Political InsecurityFrost & Sullivan: Political Insecurity Barricades Much Needed Foreign Investments in the Northern African Power Sector PR Newswire CAPE TOWN, South Africa, March 11, 2014 - Renewable energy appears the most feasible solution to bail the region out of a power crunch Electricity demand in North Africa is escalating as a result of extreme climatic conditions, economic development and rising living standards, as well as sustained population growth. Supply of electricity, however, is plunging. Hot summers are driving the extensive use of air conditioning, which has led to sharp surges in peak electricity demand. The challenge of operating with grossly inadequate power supply infrastructure is compounded by political instability, which has stalled progress on many power generation capacity expansion projects, especially in Egypt, Tunisia, and Libya. In this environment, the implementation of structural reforms, such as the establishment of independent electricity regulatory bodies and the revision of fossil fuel/electricity tariffs subsidies, is expected to be a priority. Further development of the sector will depend on the success of the political and economic transition process that is occurring in each country. Foreign investors have adopted a wait-and-watch approach in countries where violence rose unexpectedly.

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Published 11 March 2014
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Frost & Sullivan: Political Insecurity Barricades Much Needed Foreign Investments in the Northern African Power Sector

PR Newswire

- Renewable energy appears the most feasible solution to bail the region out of a power crunch

Electricity demand in North Africa is escalating as a result of extreme climatic conditions, economic development and rising living standards, as well as sustained population growth. Supply of electricity, however, is plunging. Hot summers are driving the extensive use of air conditioning, which has led to sharp surges in peak electricity demand. The challenge of operating with grossly inadequate power supply infrastructure is compounded by political instability, which has stalled progress on many power generation capacity expansion projects, especially in Egypt, Tunisia, and Libya.