AfDB, Africa Energy Forum launch $5,000-prize competition

The African Development Bank and EnergyNet, organisers of the Africa Energy Forum, have created the ‘African Utility of Future’ competition enabling teams to compete for a $5,000 prize.

The Power, Energy, Climate and Green Growth Complex of AfDB will participate at AEF2020, mainstreaming the concept of ‘The African Utility of the Future,’ – the theme for the 2019 AfDB-APUA CEO Leadership Forum.

This is a continuation on the concept of ‘The Second Wave of Power Sector Reforms’ as it relates to the Sustainable Utility Transformation agenda of AfDB – a key component that will continue to drive the bank’s ‘Light Up and Power Africa’ strategic objective.

The competition seeks to inspire team-building and innovative ideas to transform current utilities into “Advanced, Futuristic, SMART, Sustainable and Agile African Power Utilities.”

A statement by AfDB added, “The overarching principle is to create a platform for current asset-owners to come up with innovative, realistic, practical and implementable ideas for ‘leap-frogging’ existing utilities in the future.

“The design will be grounded around the five pillars of the Sustainable Utility Transformation agenda.”

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