In this interview with PREMIUM TIMES at the West Africa Energy Cooperation Summit in Lome, Togo, Adaobi Nnorukah, Investment Director at ARM-Harith Infrastructure Investment, discussed the critical steps needed to improve energy access, reduce tariffs, and attract private sector investments for renewable energy in West Africa. Reflecting on the challenges facing Africa’s energy market, particularly the high cost of electricity, Ms Nnorukah shared insights on the importance of securing payment guarantees and improving the efficiency of energy delivery systems.
She highlighted successful projects like Azura and Amandi, emphasising the role of secure capacity payments and commercial viability in driving investment. Ms Nnorukah also discussed the impact of inflation and economic factors on tariff structures, stressing that overcoming these barriers requires both strong regulatory frameworks and commitment from the government to improve transmission and distribution infrastructure.
PT: What are your thoughts on financing landscape for renewable energy in the region? Are there any gaps that need to be addressed?
