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Mobilizing Domestic Resources and Optimizing Job Creation Potential for Batoka Gorge Hydro-Electric Scheme
May 28, 2019 - May 30, 2019
The African Union Development Agency (AUDA-NEPAD) is working closely with the Zambezi River Authority (ZRA) in the preparation of the Batoka Gorge Hydro-Electric Scheme (BGHES) for financing and development. To this end AUDA-NEPAD has been providing support to the ZRA on the use of the AUDA-NEPAD tools for Job Maximisation and Domestic Financial Resource Maximisation for the BGHES, a priority project under the Programme for Infrastructure Development in Africa (PIDA).
The Zambezi River Authority is a bilateral organization owned by the Republics of Zambia and Zimbabwe and mandated to operate, monitor and maintain the Kariba Dam Complex as well as develop the full hydro power potential of the shared portion of the Zambezi River, common to the Contracting States. The Authority is developing on a Build, Operate and Transfer (BOT) basis, the 2,400MW greenfield BGHES located on the Zambezi River, approximately 47 Kilometres downstream of the Victoria Falls. The project is currently on procurement phase and is estimated to US$4 billion.
The AUDA-NEPAD and the ZRA recently applied the PIDA Job Creation Estimation Toolkit to estimate the number of Direct, Indirect, Induced and Secondary Jobs to be created during the lifecycle of the BGHES. Opportunities for maximising Jobs were identified in the Cement, Steel, Transport and Tourism Industries. In addition, options were also identified for using the AUDA-NEPAD “5% Agenda” as well as the Africa Infrastructure Guarantee Mechanism (AIGM) to mobilise local Institutional Investors and Citizens to finance the project using local resources.
To this end the AUDA-NEPAD and ZRA are organising a joint meeting from the 29th to 30th of April 2019 in Lusaka to discuss the preliminary recommendations from the two case studies. The meeting will bring together stakeholders from Government, Local Industries, Local Institutional Investors, Universities, Technical Vocational Training Colleges and Development Partners. It will discuss concrete actions to maximise the job creation potential and Domestic Financial Resource Mobilisation for the BGHES.
The meeting shall serve as a formal platform to disseminate the findings of the BGHES Job Creation Maximisation as well as the Domestic Resource Mobilisation Case Studies. The key objectives of this event are to sensitize policy makers and partners on preliminary findings and recommendations from the case studies. More specifically the meeting will help to answer the following three questions for each session:
Job Creation Maximisation:
- What is the job creation potential of the BGHES and how can the design and planning be made to maximise the creation of more jobs for Zambia and Zimbabwe’s growing youth?
- What is needed from governments and policy makers to maximise the job creation potential of the BGHES?
- What role shall other stakeholders such as the private sector, academia and civil society play in this?
Domestic Resource Mobilisation:
- What is the potential, opportunities and benefit(s) of financing the BGHES through domestic resources?
- What are the success factors and necessary policy interventions required from governments and policy makers?
- What role shall other stakeholders such as the AUDA-NEPAD, Development Finance Institutions (The World Bank, African Development Bank (AfDB), Development Bank of Southern Africa, TB Bank etc), Risk Mitigation instruments (e.g. AIGM), Local Institutional Investors, Citizen and the Diaspora play in this?