African Development Bank & Africa Energy Forum Launch “African Utility of the Future” Competition With $5,000 Prize The competition seeks to inspire team-building and innovative ideas to transform current utilities into Advanced, Futuristic, SMART, Sustainable and Agile African Power Utilities LONDON, United Kingdom, October 12, 2020/APO Group/ -- The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF) (www.Africa-Energy-Forum.com), have created the ‘African Utility of Future’ competition enabling teams to compete for a USD $5,000 prize. The Power, Energy, Climate and Green Growth Complex (PEVP) of AfDB will participate at AEF2020, mainstreaming the concept of: “The African Utility of the Future” - the theme for the 2019 AfDB-APUA CEO Leadership Forum. This is a continuation on the concept of “The Second Wave of Power Sector Reforms” as it relates to the Sustainable Utility Transformation (SUT) agenda of the Bank – a key component that will continue to drive the Bank’s ‘Light Up and Power Africa’ strategic objective. The competition seeks to inspire team-building and innovative ideas to transform current utilities into Advanced, Futuristic, SMART, Sustainable and Agile African Power Utilities. The overarching principle is to create a platform for current asset-owners to come up with innovative, realistic, practical and implementable ideas for “leap-frogging” existing utilities in the future. The design will be grounded around the five pillars of the Sustainable Utility Transformation (SUT) agenda: