Financing Challenges for Electricity Projects in Sub-Saharan Africa: Reviewing Old Models and Exploring New Ones

摘要

Energy access remains a decisive problem in many Sub-Saharan African countries. Decades of international involvement, through various approaches, have not succeeded in making significant improvements. This article presents traditional financing approaches and analyzes the problem they face. In particular, the imbalance of power and interest between non-African and African players is highlighted. New models are then reviewed, pointing to some key changes to adopt in energy projects: smaller project size, local control over financing sources, innovative financing schemes, and increased private and African ownership. Projects should also be conceived in relation to Sub-Saharan African countries' governance capacity.View full textDownload full textKEYWORDSbusiness model, electricity, investment, public-private partnerships for infrastructureRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/15228916.2011.621815