Africa GreenCo
Mbiko Banda is an Electrical Engineer at Africa GreenCo Power Services Limited since August 2021, focusing on purchasing and selling electricity generated from renewable sources within the Southern African Power Pool. Previously, Mbiko completed a laboratory internship at Sciences and Technology University of Oran - Mohamed Boudiaf in 2020, which contributed to an MSc(Eng) dissertation on transient stability in multi-machine networks. Currently enrolled in a Doctor of Philosophy program in Control Engineering and Renewable Energy Integration at the University of Mauritius, Mbiko holds an MSc(Eng) in Electrical Power Systems and a BSc(Eng) in Electrical Engineering, both obtained from USTO-MB, along with a French Language Certificate from Université Badji Mokhtar de Annaba.
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Africa GreenCo
Africa GreenCo aims to increase private sector investment in energy generation in sub-Saharan Africa by mitigating the credit risks associated with the current lack of creditworthy offtakers. Current weak financial position of utilities and limited choice of an alternate buyer in case of utility default deters private capital. An intermediary aggregator between buyers and sellers can help attract sustainable investments in the power sector on the strength of a multi-buyer model. Its role as a financially sustainable intermediary offtaker and power trading company can also stimulate regional electricity trading and facilitate more efficient use of available and new resources by optimising them on a regional basis. Through its activities Africa GreenCo will increase the supply of, and the demand for, finance for energy projects, and mobilize private sector capital more quickly towards critical and transformative capacity additions, reducing pressure on utilities as well as financial liabilities for sovereign governments.