Minister urges ECOWAS to prioritise regional integration
âą Mr Herbert Krapah (second from right) interacting with Dr Khelifa
Mohammed (left),Vice President, Cluster of Algeria, With them are
Mr Kocou Laurent Robrigue Tossou (middle), Chairnam of ERERA
The Minister of State at the Ministry of Energy, Herbert Krapa, has urged ECOWAS memÂber states to prioritise regional integration and multilateral partÂnerships in order to help address energy challenges confronting the region.
He stressed that the pursuit of energy security in West Africa required a holistic approach that considers geopolitical dynamics, promotes sustainable develÂopment, and fosters regional cooperation.
âBy embracing these princiÂples, West Africa can harness its energy potential to drive ecoÂnomic growth, enhance regional stability, and contribute to global energy security,â he stressed.
 Mr Krapa made the call at the opening of the 9th ECOWAS ReÂgional Electricity Regulatory (ERÂERA) forum yesterday in Accra on the topic âGeopolitical Dynamics and Energy Security: Implications for the West Africa Region.â
The forum is being organised on the theme âElectricity Trade Security in ECOWAS Region: The Interplay between National Policies and Free Market.â
It has offered the regionâs energy experts the platform to identify best practices and opportunities to build and safeguard energy security in the region, aiming to develop a regional electricity market in ECOWAS.
The experts include ministries in charge of energy, parliamentarians, academics, researchers, consumer groups, regulators, operators, invesÂtors, civil society groups, as well as financial and technical partners.
They are expected to discuss mechanisms for resolving disputes and enforcing agreements related to electricity trade within the region, analyse the role of national policies in shaping electricity trade security within the ECOWAS region.
Other issues for deliberation are free market principles in cross-borÂder electricity trading countries, and the challenges and opportunities presented by the interplay between national policies and free market principles in ensuring electricity trade security along the value chain.
Mr Krapa noted that electricity trade security in the ECOWAS region had become increasingly critical, as the region faced signifÂicant energy challenges despite its immense potential and profound challenges.
âWe are blessed with abundant natural resources, including vast reÂserves of oil and gas, sunshine, and wind, and the region has emerged as a pivotal player in the global energy landscape. However, this wealth comes hand in hand with complex geopolitical dynamics that shape both regional stability and international relations,â he added.
Mr Krapa stated that proactive engagement with international financial institutions and developÂment partners could help facilitate access to financing and techniÂcal expertise to develop critical energy infrastructure projects, while geopolitical tensions and inconsistent policies could deter investments.
He called for cohesive interÂnational relations strategies to promote stability, cooperation, and sustainable development across the region.
The Chair of ERERA, MrKoÂcou Laurent Rodrigues, in his opening remarks, said the region should strive to be interdepenÂdent in energy supply, work together to build infrastructure and electricity systems.
He indicated that they would identify innovative financing as well as build institutional and legislative frameworks toward a unified and prosperous competiÂtive regional electricity market.
He further noted that ERERA, since 2009, had been working with all actors in the regional electricity sector to establish a credible,coherent institutional and legal environment for the develÂopment of a unified and prosperÂous regional electricity market.
The Chair charged the experts to take advantage of the opportuÂnity and make decisions acceptÂable to all parties toward achievÂing the objectives of the forum.
 BY LAWRENCE VOMAFA-AKPALU
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