The African Trade Insurance Agency (ATI) is the most recent member of the African Power Platform (APP).
Nairobi, Kenya, 8 November 2018 – An estimated 600 million people don’t have access to electric energy and even for those that do, power is often unreliable. With the limitations most African governments have on issuing sovereign guarantees, the lenders look for alternative ways of de-risking their investments in infrastructures in Africa. Access to green, affordable and reliable electricity is on all the governments and donors’ agendas.
“The APP is proud to having ATI as a member and appreciates its key role in supporting the development of the power sector in Africa,” said APP Founder and Chief Executive Officer Jorge Lascas. “APP members cover all the value chain of the power sector and ATI’s role is of major importance by providing an alternative form of guarantee to the power projects. The APP is therefore totally supportive of ATI’s initiatives and will have an active voice on spreading the word”, Jorge added.
“ATI supports governments, IPPs and others working in Africa’s energy sector to find solutions that will reduce an energy deficit, which is preventing the continent from reaching its full potential. Our membership in APP is well-aligned to this focus – by bringing more attention to the sector, we can attract more resources for cleaner energy solutions and access for all in Africa”, added George Otieno, ATI’s Chief Executive Officer.
About African Power Platform:
The African Power Platform aims to connect private and government stakeholders in Africa’s power sector. The platform helps circulate and propagate tenders, intelligence and business opportunities to its members. Developers, power producers, ministries, utilities, regulators, financiers, and other like-minded individuals can join APP to share possible solutions and ideas on how to solve Africa’s lack of electricity.