As African countries, especially Nigeria, continue to work towards bridging the energy gaps of today and the future, a Nigerian technology company, PUTTRU has initiated a digital interface to connect Development Financial Institutions (DFIs) and the African energy market.
Part of this initiative is its recent report, ‘3 Must-Haves For Energy Projects To Attract Investment in Africa’, being downloaded for free at www.puttru.com as a means of sensitising stakeholders of the enormous investment opportunities available to projects and innovations in the African energy sector.
Divided into three parts – Why Invest in Africa’s Energy Sector; How to Ensure Investability of Energy Projects in Africa, and What Projects to Get into in Africa –, the report is a crystallisation of one-on-one conversations with stakeholders in the energy industry and the funding institutions, and serves as a guidebook for investors and energy project developers on how to design projects that meet funding viability.
PUTTRU, with interests in oil/gas, electric power as well as cooking and transportation was founded by Nigeria’s Monica Maduekwe and Franck Adjagba, a Beninese, with Dr. Sam Amadi, former chairman of the Nigerian Electricity Regulatory Commission (NERC) as advisor. Maduekwe, a sustainable energy specialist with vast experience in renewable energy, energy efficiency, gender mainstreaming, resource mobilisation and project development, has overseen several multimillion dollar projects, while, Franck Adjagba has earned extensive expertise in business development, strategic planning and profit maximisation, with over 20-years long proven track record, spawning over USD 2 billion worth of financing for Africa’s private sector.
Explaining to the report, Monica Maduekwe, the chief executive officer of PUTTRU described its content as profound, insightful and rich with actual examples from key stakeholders on what works in the industry.
Announcing the report, Maduekwe said: “PUTTRU is delighted to present this report on ‘3 Must-Haves for Energy Projects to Attract Investment in Africa’. Rather than leaving people with theories, we have presented in this report a pipeline of projects, which is by no means an exhaustive list of projects currently under development in Africa. However, the relevance of sharing the list is to let players in the energy sector know that they can, unquestionably, put into practice these 3 Must-Haves almost immediately, if they decide to.
She continued: “In reality, our continent’s regional development finance institutions (DFIs) have the funds in place to support the private sector to participate in developing Africa’s energy segment. In line with what PUTTRU stands for, this report demonstrates our commitment to removing the barriers holding Africa’s energy market back from meeting the current and future energy demands of African countries.”
