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Obama Launches $7 Billion 'Power Africa' to Boost African Power Market


Industry Segment: Power | Word Count: 385 Words

JOHANNESBURG--July 2, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--During his visit to South Africa on Sunday, U.S. President Barak Obama launched the $7 billion "Power Africa" initiative at the University of Cape Town (UCT). More than 10,000 megawatts (MW) of cleaner, more efficient power generation capacity will be added, giving electricity access to more than 20 million new households for the first time.

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