House Foreign Affairs Committee Passes Electrify Africa Act

House Foreign Affairs Committee Passes Electrify Africa Act

The following press release was published by the House Committee on Foreign Affairs on Feb. 27, 2014. It is reproduced in full below.

Washington, D.C. - Today, the House Foreign Affairs Committee, chaired by U.S. Rep. Ed Royce (R-CA), passed H.R. 2548, the Electrify Africa Act, as amended, which will improve access to electricity in sub-Saharan Africa, through a comprehensive U.S. government approach to electricity projects in the region, at no cost to the U.S. taxpayer.]

Last year, Chairman Royce, joined by Rep. Eliot Engel (D-NY), the Committee’s Ranking Member, Rep. Chris Smith (R-NJ), Chairman of the Subcommittee on Africa, and Rep. Karen Bass (D-CA), Ranking Member of the Subcommittee on Africa, introduced the Electrify Africa Act (H.R. 2548). The bipartisan legislation would establish a U.S. strategy to support affordable, reliable electricity in sub-Saharan Africa in order to improve economic growth, health and education in Africa, while helping job creation in the United States through greater exports.

Chairman Royce on the legislation’s passage: “Today’s important legislation offers a market-based, strategic framework to bring affordable and reliable energy to many of the 600 million people in sub-Saharan Africa who currently have none. With nearly one billion consumers, the African continent has great economic potential.

“The Electrify Africa Act mandates a clear and comprehensive U.S. policy, so that the private sector can proceed with the certainty it needs to generate electricity in Africa - at no cost to the U.S. taxpayer. We need to be engaged. Where the United States has left a void for economic investment in Africa, China has stepped in to direct nearly $2 billion towards energy projects on the continent. If the United States wishes to tap into this potential consumer base, we must act now."

H.R. 2548, as amended.

· requires that the Administration create a comprehensive strategy to help increase electricity in sub-Saharan Africa;

· encourages the U.S. Agency for International Development (USAID) to use existing tools such as loan guarantees, partnerships and grants to increase electricity in sub-Saharan Africa;

· directs the Treasury Department to persuade the World Bank and African Development Bank to increase electrification investments in sub-Saharan Africa; and

· instructs the Overseas Private Investment Corporation to prioritize electrical sector investments in sub-Saharan Africa.

Information about H.R.

Source: House Committee on Foreign Affairs

More News