Eastern Africa has more than $100 billion of active power projects
With a population set to grow by more than 25 percent over the next 10 years and ambitious targets of 100 percent access to power before then, East African governments are investing in power generation and distribution projects. ABiQ tracks more than $100 billion of active projects in East Africa.
The access to power rate in East Africa is currently estimated between 40 and 45 percent. With a population growth rate of more than 25 percent, East Africa will have about 558 million people by 2030. This increase of 113 million people will require a further 4.5 gigawatt of power generating capacity by 2030.
ABiQ currently tracks active power projects worth more than $100 billion in Eastern Africa. The top 3 countries are as follows:
- Kenya – 15.6% of the projects
- Zambia – 10.6% of the projects
- Mozambique – 4.2% of the projects
Out of the $100 billion, $33 billion has already been awarded to contractors. The top 3 contractors in the East African power sector is
- Webuild SpA
- General Electric
- Camargo Corrêa
For more information on these projects, please contact us here
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