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Egypt: Norway's Scatec, Orascom-led consortium acquire land to build $9bn wind power plants
Norway's Scatec, Orascom-led consortium acquire land to build $9bn wind power plants
The Egyptian government signed a contract with Norway's Scatec (previously Scatec Solar) and a consortium led by Orascom Construction allocating them land plots to build two wind power plants in Egypt with total investments of $9bn.
Egyptian private lender CIB eyes $50mn loan from EBRD to fund green projects
The Commercial International Bank (CIB) is currently in talks with the European Bank for Reconstruction and Development (EBRD) to secure a $50mn loan as the lender needs to finance green projects in Egypt.
Egypt to cut LNG exports in May over anticipated summer power shortages
Egypt will temporarily halt its LNG exports beginning May in order to combat expected power shortages this summer, the North African country announced.
GE Vernova invests $10.2mn in Xlinks’ Morocco-UK power project
Energy solutions firm GE Vernova (previously GE Grid Solutions) has invested $10.2mn to accelerate delivery and build-out of Xlinks’ Morocco-UK Power Project leveraging its expertise in grid solutions and project management.
Toronto-based solar developer SkyPower Global signs 1GW power purchase deal in Zambia
The Green Giant Zambia project will supply electricity to approximately 4mn homes, create jobs, and support infrastructure development in the southern African nation.
AustChina set to begin Tanzania lithium drilling program
AustChina Holdings Limited is set to start a maiden drilling program at the Chenene Lithium Project in Tanzania focusing on four high-potential lithium targets with assays of up to 1.08% Li2O.
Local funding models can help meet energy needs of African communities, says energy expert
Electricity restored in Sierra Leone after it pays part of $48mn debt to Turkish firm Karpowership
Sierra Leone has seen its electricity restored after paying off a $48mn debt owed to Turkish energy company Karpowership. The payment followed the resignation of energy minister Kanja Sesay, who took personal responsibility for the crisis.
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