Both organisations inaugurated the energy forum at the ongoing 74th UN General Assembly in New York.
A statement from Sahara Group said the Africa Renewable Energy Forum was expected to bolster ongoing partnership between the UNDP and the Sahara Group with the aim to create access to clean and affordable energy in Africa.
It stated that the global electrification rate reached 89 per cent in 2018 and 153 million people gained access to electricity.
Ahunna Eziakonwa, Regional Director and Assistant Secretary General for UNDP Regional Bureau for Africa; stated that with over 600 million Africans having no access to electricity, the continent urgently needed to embrace renewable energy sources to sustainably connect the poorest and hardest to reach households.
He also said that the UNDP-Sahara partnership was extremely crucial as it would provide a model for engaging a wide range of stakeholders to address the continent’s energy challenge in line with the SDG (Sustainable Development Goal) framework.
“At Sahara Group, we believe that interventions like the UNDP-Sahara partnership will enhance productivity and shared prosperity in Africa,” said Adesina.
It is one of the leading privately-owned petroleum company in Africa with established operations in the sector’s upstream, midstream and downstream sub-sectors.
The firm is also an active player in Africa’s power and infrastructure sectors. It owns one of the largest thermal power plants in Sub-Saharan Africa and is also a majority shareholder in 3 power generating companies in Nigeria