Cape Town - One of the world’s largest energy conferences, Africa Energy Week, is in full swing in Cape Town.
The four-day interactive exhibition and networking event seeks to unite African energy stakeholders, drive industry growth and development, and promote Africa as the destination for African-focused events.
It will also address the energy infrastructure development and energy monetisation initiatives in partnership with global players, foreign investors and governments.
Speaking at the event on Tuesday, Mineral Resources and Energy Minister Gwede Mantashe said a lack of energy was the most critical challenge facing Africa today.
Recent statistics showed that about 600 million Africans, 43% of the population, do not have access to electricity, he said.
“Our continent, Africa, has potential for 11 terawatts of solar energy, 350 gigawatts of hydropower, 110 gigawatts of wind power, and an additional 15 gigawatts of geothermal potential. Yet, the continent generates far less electricity for her people who continue to be trapped in energy poverty. This is unjustifiable and can no longer continue.
“As we gather at this conference, global and developed economies are occupied with efforts to arrest increasing inflation which is largely driven by soaring oil prices and are therefore reviewing their approach to energy sovereignty and independence.
This at a time when energy geopolitics is playing out in a manner that affects energy security across the globe. By reforming our energy systems to be more inclusive given the diverse primary energy sources at our disposal, Africa must be able to mobilize investments to solve its energy challenge. For us to achieve this, we must work together,“ Mantashe said.
The event is hosted by the African Energy Chamber from Tuesday until Friday.
Cape Times