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Tuesday, 25 September 2012

EU on ‘Energising development’: making goals a reality

As we informed our readers in April, 2012, Mr Barroso stressed that the EU is committeed to promoting energy access and efficiency in developing countries. He announced that in the framework of  "Energising Development" initiative, the EU would create a Technical Assistance Facility which will be expected to help those developing countries that commit to the necessary reforms to catalyse and leverage investment. Andris Piebalgs European Commissioner for Development has recently attended the high-level event ‘Sustainable Energy for All’ in New York. Notably, he said that “the EU is transforming this pledge into concrete action”.
He highlighted that the  European Commission “is ready to make the goals of this initiative a reality” as there are hundreds of people in its offices across the globe mobilised for this effort. Mr. Pielbags also took the opportunity to mention some of the EC projects : “Only two weeks ago, a senior team of EU and World Bank representatives visited Kinshasa to discuss projects around the Great Lakes. They discussed the last steps for financing the Ruzizi II hydropower project and started working on the development of the Inga River potential. We are working with Rwanda, Burundi and the DRC to establish a regional Energy Plan, creating the conditions for investment to flow into an area that could be the green powerhouse of central Africa.”
He also said that with the implementation of the so-called Agenda for Change, mapping out priorities for EU development assistance from 2014 onwards, it can be expected to add “another several hundred million Euro to th[e] figure for sustainable and inclusive energy investments every year.”
In his conclusion remarks, he was pleased to announce that “the EU is willing in principle to support a coordination mechanism with both significant financing and seconded staff.”

Source: European Commission