EXPO: Energy Sector the First to Benefit from BRICS
Recent Gauteng Business News
A large, high-level Chinese delegation led by Wang Zhixuan, Secretary General of the China Electricity Council (CEC), will be participating at Energex Africa to explore opportunities with local partners in Africa’s energy sector. CEC is a consolidated organisation of all China’s power enterprises and institutions, with over 1440 members.
Energex Africa, in partnership with the City of Joburg, takes place from 7 to 9 June at Gallagher Convention Centre, Midrand, Johannesburg.
This announcement follows hot on the heels of President Jacob Zuma’s visit in April to China, where he attended a BRICS (Brazil, Russia, India, China, South Africa) Leaders’ Summit, following South Africa’s recent admission to the group of emerging economies. This was followed by an announcement by the China Development Bank that it will channel $1,5-billion to China’s BRICS partners to fund infrastructure projects.
“Africa’s trade with China has reached unprecedented levels, up more than 1000% from 11 years ago,” says John Thomson, Managing Director of Exhibition Management Services, organisers of Energex Africa. “Sino-Africa trade reached $126.9-billion last year. China has now surpassed Germany as South Africa’s number one trading partner,” he adds.
A joint statement by the BRICS Business Forum 2011, issued after the BRICS Leaders’ Summit, advocates the implementation of sustainable energy strategies, diversification of energy generation, stabilisation of resource supply, and the development of energy-saving and emission reduction technologies. “We support investment in new energy and infrastructure, and we encourage strengthened co-ordination and co-operation in this sector,” said the statement.
“South Africa’s recent admission to the BRICS bloc of emerging economies is highly serendipitous, as many of the energy issues BRICS members agree on are central to those being explored at Energex Africa,” continues Thomson.
CEC will lead a group of top Chinese power companies to participate at Energex Africa. These include organisations in the area of power generation, transmission and distribution. Their offerings range from conventional thermal and hydro power generation, to renewable energy such as wind and solar power.
EMS, the show organisers, has arranged two free ‘Business Opportunities’ sessions (7 and 8 June) with the Chinese delegation to enable local industry representatives to gain a broader insight of the latest developments in the Chinese energy sector.
“These sessions are designed to give local energy companies the opportunity to interact face-to-face with leaders in the Chinese energy sector,” says Thomson. “Not only will participants learn more about what China has to offer the local industry, but they can interact directly with Chinese stakeholders and identify all potential opportunities for closer co-operation.”
Energex Africa is the continent’s most comprehensive Energy Solution event, covering power saving solutions, renewable energy and alternative power sources.
Business News Sector Tags: Energy| Expo|