Come and pump money in energy sector, Machar sells S. Sudan to investors
The government has opened the door to anyone interested in investing in power energy in South Sudan.
First Vice President Riek Machar said the government plans to resuscitate the economy by investing heavily on reliable and affordable energy.
“If you are interested in investing in hydro or in solar power, this is the place,” said when he opened up a two-day South Sudan Oil and Power 2022 Conference and Exhibition in Juba.
He added that the government craves tapping into solar and hydropower sources of energy to power the economy.
Affordable energy and government policies are among the factors considered by investors before pumping money into any project.
The FVP said the government will work with like-minded investors to avail reliable and affordable energy.
“We want power. It is one of the priorities – whether from thermal, geo-thermal, fossil fuel, hydro, solar, or biomass. We would want to enhance that because it is apparent. if you don’t have power, no investor will come here,” Machar stressed.
“We have to get others to come and invest in power while the fossil fuel transition is taking place. We are thinking more of going hydro,” he added.
The FVP added that areas between Juba and Nimule, has been earmarked as potential sites for hydropower projects.”
“We have no [regional political] difficulties over it because they would serve us reservoirs for water and at the same time generate power,” Machar told investors.