it would take around 300 billion dollars to grant all Sub-Saharan Africans access to electricity by 2030

1. Obama
announced his
Power Africa
initiative in
2013, US is
investing more
than $9 billion
in the initiative.
Obama Africa Initiative
and
Alstom GE Siemens
Among the private companies that the
president said have “committed more than
$9 billion in investment” to the Power Africa
project, G.E. appears to be front and center.

2. 27th April 2014 Osvaldo Coelho
Why GE Wants Alstom?
GE may want Alstom
energy business to go
beyond English
speaking countries and
own to engage an
energy enterprise with
African experience.
French companies
strong in French
speaking Africa US initiative focus in English-speaking countries :
Tanzania, Kenya, Ethiopia, Ghana, Nigeria and Liberia.

3. 27th April 2014 Osvaldo Coelho
What GE Wants?
• GE wants to quick capitalize on Obama’s initiative.
• Buys Alstom
• No financing problem since it has 57 billions cash reserves outside the US
• Large infrastructure contracts increasingly require bidders to put up
financing, putting Alstom at a disadvantage.
• Siemens does not want Alstom to boost US power sector and
proposes a deal for Alstom.
Two issues play against GE and in Siemens favor:
1) France prefers a European 'action among friends' "two European and global
champions in the energy and transport domain,"
2) Siemens is also playing with the France cultural traits: and warned that the
government on which Alstom relies for much of its business would not accept a sale
of Alstom's power business - especially the sensitive nuclear portion - "in haste".

4. 27th April 2014 Osvaldo Coelho
Africa Potential Electricity Needs
it would take around 300 billion
dollars to grant all Sub-Saharan
Africans access to electricity by
2030.
Source: IEA