ALER meets with AfDB under the Compact for Lusophone Countries

On September 6, ALER had a meeting with a consultant from the African Development Bank (AfDB) under the "Compact for Lusophone Countries", an initiative launched by the AfDB with the Portuguese Government in November of last year, on the occasion of the official visit of the AfDB’s President to our country.

The purpose of the meeting was to list potential instruments to be used and partnerships to be implemented under this initiative, in particular the survey of investment opportunities and constraints faced in the PALOP.

ALER reaffirmed its total willingness to collaborate with AfDB in this initiative and hopes to be able to make a special contribution to the Compact for Lusophone Countries through:

• Preparation of the National Report on Renewable Energies in Angola and Cape Verde, thus completing the series of national ALER reports for the PALOPs;
• Organization of international conferences to promote Renewable Energies and dissemination of investment opportunities;
• Support the creation of National Renewable Energy Associations where they don’t exist and direct support to existing ones;
• Workshops for experts from the Lusophone countries on relevant topics;
• Publication of best practices/ case studies / country sheets / updated statistics;
• Organization of the 3rdmeeting of the CPLP Energy Network;
• Creation of a Renewable Energy and Energy Efficiency network at CPLP and integration into the Global Network of Regional Sustainable Energy Centers.

The “Compact for Lusophone Countries” is an initiative that aims to build a consolidated matrix of projects in the PALOP, with a focus on private sector development through credit enhancement, mitigation and risk-sharing instruments, as well as the use of technical assistance in order to generate bankable projects.

Work in the development of this initiative is in progress and the signing of the Compact is planned for next November during the African Investment Forum, to be held from 7 to 9 November 2018 in Johannesburg, South Africa, where a special session is planned for Portuguese-speaking investors.