Home Mozambique AfDB chief says gas remains key to stable electricity supply in Africa

AfDB chief says gas remains key to stable electricity supply in Africa

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DAKAR, Nov. 4 (Reuters) – Gas remains essential for African economies despite global pressure to end investments in fossil fuels as the world shifts to cleaner fuels, the president of the African Bank of Africa said on Thursday. development, Akinwumi Adesina.

Adesina, a Nigerian economist, said that Africa, where around 600 million people do not have access to electricity, is still trying to build just energy systems.

The bank is one of the backers of Total’s $ 20 billion Liquefied Natural Gas Project (TTEF.PA) in Mozambique. Read more

Adesina said that despite the increase in investment and access to electricity, especially from renewables, there were limits with the technologies currently available as Africa needed a stable power supply. for networks and a stable base load for industries.

“Therefore, gas is fundamental to the economic survival of Africa. I see gas as an important part of Africa’s energy mix,” Adesina told Reuters on the sidelines of the UN climate summit in Glasgow, Scotland.

Several African countries, including Nigeria, Ghana, Senegal, Côte d’Ivoire and Mozambique, depend on oil and gas and rely on recent discoveries not only to increase their incomes, but also to provide stable production in the country. gas.

“Even if Africa triples its use of gas to generate electricity, it will only contribute 0.67% of total global greenhouse gas emissions. Without gas, African economies will be killed,” he said. Adesina said.

He added that the bank had made the decision to stop funding coal projects. Read more

“A week ago our board approved our new policy. No more coal. However, we will support Africa to have a stable energy system, and gas is essential for that,” a- he said, adding that gas would prevent deforestation as much of the continent’s population still depends on fuelwood and charcoal.

Reporting by Bate Felix Editing by Paul Simao

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