NAIROBI, Kenya – The Chief Executive Officer (CEO), of the Liberia Electricity Corporation (LEC), Monie Captan has told the 25th edition of Africa Energy Forum that Capacity Building for project implementation delivery is key.
Speaking at the African Utilities Roundtable Forum held Friday, June 23, Mr. Captan underscored the need to address challenges related to capacity building to improve project implementation delivery as well as procurement processes.
Captan, who many believed to be an energy expert, observed that most African utilities do not have cost-reflective tariffs, which hampers commercial viability, asserting that commercial viability is cardinal to economic growth and development.
He further explained that cost reflective tariffs reflect the true cost of supplying electricity and removing the reliance on State Government subsidies covering the variance between the current tariff and the supply of electricity.
According to CEO Captan, there is a compelling need for energy experts, and Stakeholders on the African Continent to develop a strategic framework that will address challenges relative to capacity building, project implementation delivery and procurement processes.
Meanwhile, the Forum which started from the 20-23 of June 2023, was aimed at uniting governments, utilities and regulators with development finance institutions, commercial banks, power developers, technology providers, EPCs and professional services.
Over the last 24 years, the African Utilities Roundtable Forum has earned a reputation as the most meaningful gathering of decision-makers in African energy to form partnerships, identify opportunities, and move the industry forward.
The Africa’s Energy Roundtable Forum hand picks the most credible organizations in the sector, delivering an intensive networking experience.
The 2023 topic and themes discussed were: Insights from Energy Ministers and Heads of Utilities into Project Pipelines, Increasing Pace and Scale for Africa’s Renewable Energy Project, The Growing Role of Africa’s Gas within Today’s Geo-Political Context and Breaking Down Barriers to Energy Transition in Mining.
Other topics covered include Capital Flows and Risk Mitigation in Today’s Market, Financing an African ‘Transition’, Africa’s Path of Becoming Global Hydrogen Power House, Building Regional Power Markets: Electricity Trade Between Countries.
New streams for 2023 also included Mining, Critical Minerals and Energy.
The Africa’s Energy Roundtable Forum brought together 2,000 plus Industry Stakeholders, 300 plus Expert Speakers in a Multi-Streamed Agenda and 150 plus sponsors and exhibitors.
Meanwhile, the event was held under the patronage of Cabinet Secretary Davis Chirchir, the Ministry of Energy and Petroleum, Kenya.
