Access Power

RIDING THE

WAVE

OF AFRICAN GROWTH

Access Power is a fast-growing developer, owner and operator of power assets in emerging and frontier markets. The company is currently developing power projects worth over USD $1 billion in 23 countries across Africa and Asia and celebrates its six-year anniversary this year.

Over this half-decade, the company has gone from acting as an advisor to being one of the leading developers of renewable energy projects in emerging markets. Managing Director Vahid Fotuhi spoke to Aspire Africa about the strides the company is making in providing invaluable assistance to the people of Africa.

Access Power’s focus is on two emerging market regions, one of which is Africa and the other is, broadly speaking, Central Asia. The company has built two divisions with the dedicated skills and resources to focus attention on these markets.

“We are very much believers in providing sustainable energy for emerging markets,” Mr Fotuhi says.

“No continent represents the emergence of economies like Africa. In fact, 5 of the world’s top 10 growing economies are in Africa, and we see this as a huge opportunity.”

There are 600 million people on the continent living without access to electricity. For Access Power, this represents a significant opportunity to provide a completely sustainable energy solution, free from dependence on hydrocarbons.

The urgent need for electrification, coupled with a rapid evolution of the power markets, provides an opportunity for the private sector to profitably develop, own and operate power generation assets. This has resulted in Access Power’s ongoing work in Africa.

Access Power continues to go through a phase of rapid growth, having almost doubled its employee numbers since its inception, as well as being in the position of having offices across the continent.