Energy experts to address market governance and regulatory related challenges affecting the implementation of energy development project
The Second Meeting of the Technical Steering Committee of the Project on Enhancement of a Sustainable Regional Energy Market in the Eastern Africa- Southern Africa-Indian Ocean (EA-SA-IO) Region kicked off in Swakompund on Wednesday.
The meet which has attracted five Regional Economic Communities namely; The Common Market for Eastern and Southern Africa (COMESA) the East African Community (EAC,) Intergovernmental Authority on Development (IGAD), Indian Ocean Commission (IOC) and the Southern Africa Development Community (SADC) will conclude on Thursday.
According to a press statement the Technical Steering Committee meeting will review the status of implementation of the first one year of the project, provide guidance to ensure attainment of the project’s objectives and induct new members of the Project Management Team.
The COMESA Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA) coordinates the implementation of the programme.
The programme has three results areas: the first is a regionally harmonized energy regulatory framework adopted by regional and national regulatory institutions, with particular emphasis on cross border issues to encourage investments in the region.
The second is the enhancement of regulatory capacity of the National Regulatory Authorities and strengthening capacity of the Regional Associations (RAERESA, EREA and RERA) and Power Pools (EAPP and SAPP) to proactively influence developments in the energy sector.
Thirdly, the enhancement of the development of renewable energy and energy efficiency strategy, policies and regulatory guidelines to attract investments in clean energy and build capacity in clean energy in the region as well as the domestication on a demand driven basis.
The project is supported by a 7 million euro fund provided under the 11th European Development Fund (EDF) for a period of four years since the signing of the grant delegation agreement with COMESA in May 2017.