Leading Ivestment Company in Africa

Letter to President Obama on the anniversary of the Power Africa Initiative

Heirs holdings Chairman, Tony Elumelu and Obama - anniversary of the Power Africa Initiative

Nearly 600 million or seven-out-of-ten Africans do not have access to electricity.  This week marks the 1st anniversary of the announcement of President Obama’s Power Africa Initiative to double access to electricity in Sub-Saharan Africa.

Power Africa aims to generate 10,000 megawatts of electricity in Africa by 2018 in participating countries.  The six African countries participating in the Power African Initiative includes:

  • Nigeria
  • Ghana
  • Liberia
  • Ethiopia
  • Kenya
  • Tanzania

Heirs Holdings is the largest private sector participant in Africa committed to generate 2000mw in made a commitment.  Since we took over on 1 November 2013, our Ughelli power plant in the Niger Delta region in Nigeria has generated 400 megawatts of electricity.

Read my letter to President Obama congratulating him on the anniversary of the Power Africa Initiative

Click here to download Letter to Obama

Click here to download the Power Africa Overview