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Friday, October 11, 2019

Mantashe launches African Energy series - NaijaAgroNet

The Minister of Mineral Resources and Energy of South Africa, Gwede Mantashe, has launched the Africa Energy Series: South Africa 2019 report at the Africa Oil & Power conference, reports NaijaAgroNet.

On the second day’s theme of “Energy in Powering Growth”, panel discussions and talk sessions unpacked the challenges and opportunities in Africa’s power sector; Program highlights included topics such as the energy transition, Africa’s renewable energy sector, financing the power sector and energy security.

Following the successful conclusion of the first day of the three-day African Oil &Power conference and exhibition, the second day commenced today with a focus on the future of Africa’s power sector.

The day began with a keynote address from Kholly Zono, Acting CEO of CEF Group, who introduced Hon. Gwede Mantashe, Minister of Mineral Resources and Energy of South Africa.

In his introduction, Zono outlined CEF Group’ energy s strategies and shared that the CEF group is, in line with the conference theme, motivated by the goal of making energy work and, is driven by the agenda of addressing inequality, unemployment, and poverty.

He said, at the core of its strategy, the group is built on the fundamental principles of empowering people and innovation.

“The theme of the conference #MakeEnergyWork resonates very well with the CEF Group of companies, taking into account the global challenges in terms of energy requirements,” Zono said. “Making energy work is challenging us to move beyond strategies and focus on innovative approaches.”

In his keynote address, Minister Mantashe spoke about the role the energy sector plays in driving economic growth.

“South Africa recognises the energy and mineral resources sectors as catalysts to economic growth. We have witnessed how an adverse impact of high costs and unreliable supply of energy have on the productive sectors of the economy,” Mantashe stated. He further added that the government is also promoting the Integrated Resource Plan and the Amendment to the Gas Act of 2001 to encourage investment in the energy sector and to increase energy security in the continent.

Minister Mantashe also launched the Africa Energy Series: South Africa 2019 report compiled by Africa Oil & Power and dedicated it to the late Deputy Minister, Bavelile Hlongwe.

Nenye Dom/Editor

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