AfDB & AEF launch US$5,000 “African Utility of the Future” competition

eNET aef2020 5TH IR FACEBOOK 1200X630 V1 WEBThe African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams to compete for a USD $5,000 prize

The Power, Energy, Climate and Green Growth Complex (PEVP) 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 (SUT) agenda of the bank – 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. 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 (SUT) agenda:

Improved sector governance

Least cost integrated resource planning

Human capital development

Sector reforms & financial sustainability

Smart partnerships & performance monitoring

Submission criteria

The competition opened on 8 October with a submission deadline of 6 November 2020. Team entries will remain anonymous, and the use of team names are encouraged. As the objective is to solicit realistic and practical ideas relevant to African utilities currently operating, only submissions from teams representing current distribution asset owners will be allowed. These distribution asset owners can be public or private sector, and on-, off- or mini-grid based.

Only the winning team will be named, unless (based on the quality of the submissions) the judges feel that the proposals of the 2nd and 3rd place teams should be mentioned.

Finalists will be announced on 11th November, with the winning team announced on 13th November – the closing date of AEF 2020.

To find out more, please visit: https://bit.ly/36El60W, to apply contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

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