Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative, Global Commission for Urgent Action on Energy Efficiency, Promoting digital demand-driven electricity networks. Despite being home to 17% of the world’s population, Africa currently accounts for just 4% of global power supply investment. Withdrawals from the depreciation account are permissible only to the extent of past provisions made in respect of assets withdrawn from use and transferred during the year to the special account under Paragraph VII of the Sixth Schedule to the Electricity (Supply) Act, 1948. The Petroleum sub-sector accounts for 12% of final energy consumption In previous years, it accounted for 10% of the total national forex import requirements Key infrastructure components include: Terminal TAZAMA Pipeline – 1710 km, commissioned 1968 Indeni Refinery – 1.1 million tonnes capacity pa, commissioned in 1973 In the Sustainable Development Scenario, electricity is one of the few energy sources that sees growing consumption in 2040 – mainly due to electric vehicles – alongside the direct use of renewables, and hydrogen. The Electricity (Supply) Act, 1948, came into force on 10th September 1948 and was modified by the Electricity Supply Amendment Act, 1956. (3) Retirement during the year referred to in Col. 4 in respect of: (i) Intangible assets related to amounts written-off during the year. There can be no managing agents now). Demand for electricity is set to increase further as a result of rising household incomes, with the electrification of transport and heat, and growing demand for digital connected devices and air conditioning. Gas-fired capacity grows in most markets for reliability purposes and battery storage skyrockets. The amount of capital base is the sum of the following items: (i) The original cost of fixed assets available for use and necessary for the purpose of the undertaking less the cost of service lines contributed by consumers; (ii) The cost of intangible assets (e.g. According to Paragraph XVII of the Sixth Schedule, the clear profit may be calculated as: The reasonable return means the sum of the following items in respect of any year: (i) A standard rate of interest (bank rate) plus 2% on the Capital Base; (ii) Income derived from investments other than those included in the Capital Base; (iii) An amount equal to½% on the loans advanced by the State Electricity Board; (iv) An amount equal to½% on the amounts borrowed from approved financial institutions; (v) An amount equal to½% on the amount realized by the issue of debentures; (vi) An amount equal to ½% on the balance of the Development Reserve; (vii) Any other amount allowable by the Central Government. Electricity is at the heart of modern economies and it is providing a rising share of energy services. Its a process in which flowing water is used to spin a turbine connected to a generator. The reserve may be utilized for the following purposes, with the approval of the State Government: (i) Expenses or loss of profits arising out of accidents, or circumstances which management could not have prevented. A sum of Rs from the accruals in the depreciation account has been invested in securities in pursuance of the provision of Paragraph XVII (1) (d) of the Sixth Schedule to E(S) Act, 1948.