Despite the concerted efforts of Governments, multilateral and bilateral agencies, and private organizations, there remains 420 million out of 4.4 billion people in the Asia-Pacific Region who do not have access to electricity. Almost 93% of this energy poor population reside in rural areas.
Between 2013 to 2014, public and private, international and domestic finance commitments for electricity in the 20 high-impact countries averaged US$19.4 billion a year. This falls far short of the US$ 45 billion annual investment required to achieve universal energy access by 2030 globally. Even more troubling, the financial commitments for decentralized energy solutions are miniscule, accounting for roughly $200 million per year or only one percent of total trackable finance for electricity committed in 2013-14 across the high-impact countries.
To bridge the investment gap, development agencies need to be intentional in enabling private- and public-sector transactions in the energy access sector.
The Energy for All Investor Forum highlights important trends and best practices in the energy access sector. At the centre of this event is an investor matching activity wherein bankable SMEs that serve the energy poor are promoted to impact funds, climate funds and other financing institutions. By facilitating private sector investment in this manner, ADB aims to broaden the impact of these SMEs in the Asia Pacific Region. This activity may also result in the adoption of the technologies developed by these SMEs in mini-grids, and other applications in the broader renewable energy and energy efficiency sectors.
To know more about the programme, please click HERE
This is a closed door event. If you are interested to attend, kindly register your interest HERE. You will be notified via email if you are selected to attend the session.