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1、reliable energy,limitless potential AFRICA GAS INNOVATION SUMMITGAS TO POWER:CHALLENGES AND OPPORTUNITIESENGR.EFFIONG OKONMANAGING DIRECTORASSA NORTH OHAJI SOUTH GAS PROCESSING COMPANY LTDSEPLAT ENERGYreliable energy,limitless potential AFRICAS ENERGY CHALLENGEAFRICA GAS INNOVATION SUMMIT 20242There
2、 are no rich countries that have low energy consumption,only poor ones“Right now,57%of utilities in Sub-Saharan Africa fail to cover even their operating cost,much less any kind of debt service,or capital investment,making them unattractive for private investors to supply electricity to.Byimplementi
3、ngreformsthatimprovepower utilities operational and financialperformance,they can in turn becomefinancially sound and can attract privateinvestment.”World Bank spokesman,quoted in African Business,April 2024“Right now,57%of utilities in Sub-Saharan Africa fail to cover even their operating cost,much
4、 less any kind of debt service,or capital investment,making them unattractive for private investors to supply electricity to.Byimplementingreformsthatimprovepower utilities operational and financialperformance,they can in turn becomefinancially sound and can attract privateinvestment.”World Bank spo
5、kesman,quoted in African Business,April 2024Despite holding over 8%of the worlds proven reserves of natural gas,Africa remains the most energy-poor continent.Gas for Africa IGU/HawiltiDespite holding over 8%of the worlds proven reserves of natural gas,Africa remains the most energy-poor continent.Ga
6、s for Africa IGU/Hawilti“Right now,57%of utilities in Sub-Saharan Africa fail to cover even their operating cost,much less any kind of debt service,or capital investment,making them unattractive for private investors to supply electricity to.Byimplementingreformsthatimprovepower utilities operationa