Africa needs 'new ways to fund energy projects'

23 February 2012

AFP - February 23, 2012

JOHANNESBURG — Africa needs to find new ways to finance energy projects as the continent seeks to massively expand access to electricity in the wake of the global financial crisis, experts say.

The public-private partnership (PPP) model for building and operating expensive infrastructure like power plants will no longer work as international banks shy away from long-term loans, bankers and industry insiders told the Africa Energy Indaba conference under way in Johannesburg this week.

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