11 October, 2018
Article length: 649 words
Local content for power projects comes under scrutiny
Local content provision has long been a hot topic in the oil and gas industry, but many delegates at the 3-4 October Africa Investment Exchange: Nairobi event were surprised at how far the issue could generate controversy and block support for electricity projects. Several African delegates spoke of building local content into projects to drive industrialisation that, in turn, will improve living standards and stimulate demand for power. But one major funder insisted their institution could not support projects that created “market distortions” contravening the European Union’s standard procurement procedures.