Paddy Padmanathan, CEO, ACWA Power

Africa’s Local Resources Are Good for Sustainability and Low Power Prices: Part of the Powering Africa Hub.Africa is transforming into an investor’s dream with all the right resources and supply chains.Africa is a well-endowed, resource-rich continent with an intrinsic platform. Yet, it remains severely underserved, says Paddy Padmanathan, CEO, ACWA Power who spoke to Engerati at the Africa Energy Forum.Recognising the continent’s impressive potential and need for power, ACWA Power aims to provide electricity and water at the lowest possible price. The firm puts up the capital and develops the power plants which they operate themselves for a few decades. The power sold is payback for the initial capital outlay.To read the full article on http://www.engerati.com/ click here: http://goo.gl/BVgF0g

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