Africa is set to be hit hard by climate change, and it already faces the highest electric power costs in the world. But new initiatives could put Africa at forefront in adapting alternative energies.
Guest blogger Alex Thurston writes that economic grievances are likely to galvanize protests in several sub-Saharan African countries this year, as they are right now in Nigeria.
More than 200 companies – including India's Tata Group, New Jersey's Honeywell Energy, and Nigerian conglomerate Dangote Group – have signed up to own a rusty piece of Nigeria's grid.
The chief economist for the International Energy Agency says oil-rich Nigeria has the capacity to extend electricity to all its 150 million citizens.
Privatization isn’t easy, however. Nigerians need look no further than neighboring Cameroon. While an American company brought cash and expertise, they were initially stymied by the endemic corruption in the electricity network.