Sahara Power Group has been named to the Mission 300 Private Sector Council, a high-level initiative aimed at expanding electricity access to 300 million Africans by 2030.
The initiative, led by the World Bank Group, African Development Bank, and The Rockefeller Foundation, seeks to accelerate electrification across the continent while unlocking large-scale job creation.
As part of the development, Kola Adesina, Sahara Power Group’s Managing Director, has been appointed to the council, joining global leaders in energy, finance, infrastructure, and technology to drive private sector participation.
The company’s inclusion highlights its growing influence in Africa’s power sector, with investments spanning electricity generation, distribution, renewable energy, off-grid solutions, and data-driven infrastructure.
Speaking on the initiative, Adesina emphasised the critical role of private capital in bridging Africa’s electricity gap. He described Mission 300 as a strategic platform for aligning policy ambitions with investable, large-scale energy projects.
“Closing Africa’s electricity gap will require sustained private investment and collaboration,” he said. “Mission 300 provides a credible framework to deliver reliable power while driving economic value.”
The initiative is designed to mobilise billions of dollars in private investment by strengthening national energy frameworks, integrating regional power markets, and expanding renewable and off-grid energy solutions.
According to Makhtar Diop of the International Finance Corporation, the success of Mission 300 depends on leveraging the expertise and networks of private sector leaders with deep experience in Africa’s energy landscape.
Sahara Power Group, a subsidiary of Sahara Group, operates one of the largest privately owned power portfolios in sub-Saharan Africa. Its assets include Egbin Power Plc, the region’s largest thermal power plant; Ikeja Electric, the largest electricity distribution firm; and First Independent Power Limited, a major generation company in the Niger Delta.
Since its launch in 2024, Mission 300 has already connected about 44 million people to electricity, with 30 African countries signing national energy compacts to accelerate delivery.
Industry stakeholders say Sahara Power Group’s participation could further strengthen efforts to expand access to reliable electricity, support industrialisation, and drive inclusive economic growth across Africa.
