Financial Times: Call to help developing world on energy

Opportunities abound for energy investments in developing countries. Authors of a recent UN world economic and social survey highlighted the need for industrialized countries to help developing countries build progressive sustainable energy sources.

Harvey Morris at the United Nations referenced the UN world economic and social survey to the Financial Times that reports without help and "international co-operation" developing nations will be hard pressed to meet demands for energy that promotes economic growth while lowering emissions.

Richmond Development's mission to design, oversee and secure financing for large scale energy projects satisfies the need for creating the most sophisticated and efficient energy delivery systems. Richmond Development's aim is continued dedication to bridge partnerships that continue to supply the demand for energy and infrastructure in emerging economy markets.

Daily Monitor (Uganda): Investment in energy will improve the sector

According to an article in the Daily Monitor, "Power tariffs in East Africa are 5 to 10 times higher than in Egypt or South Africa." East Africa's power shortage issues demand increased private investments in alternative power sources. Shortages threaten economic stability, as well as the livelihood and security of people. With power tariffs already costly, any increase would make doing business more expensive.

Godwin Muhwez, author of this article highlighting the need for private investment, is a Communications Officer of the East African Business Council. He writes, "As East Africa continues to grapple with power shortage, a meaningful public-private partnership that goes beyond just catering for the interests of large investors and premised on good return for the private sector, will perhaps solve the current conundrum."

Hurdles to private sector investment such as these are the reasons why Richmond Development has the niche that it does. By serving as a one-stop-shop for financing, engineering and construction for energy infrastructure development, Richmond Development answers the call as governments seek to strengthen their ability to open markets for power generation.

Forbes: Biofuel's Bright Future

Forbes Magazine reports that the biofuels industry is "...creating new markets, renewable-energy jobs, entrepreneurial wealth, and a cleaner, more prosperous and brighter energy future." Investments in biofuels have led to emerging market nations such as China to use ethanol or biodiesel in up to 5% to 20% of total transport consumption replacing dependence on foreign oil.

Biofuel is the leading source of energy in many developing nations, with many poorer residents using charcoal or carbon-heavy forms of fuel for home heating. It is important to diversify energy sources for multiple reasons ranging from its impact on the environment, the health of individuals, to the economic impact of over-reliance on single sources.

Over time, the two ways of dealing with this issue will be to broaden both the number of sources available for biofuels themselves and also to expand the power grid within developing countries to reach deeper into smaller population centers.