AfrElec - Africa Power Monitor
Eskom to cut power to non-payers
Eskom intends to cut off power supplies to one-third of South Africa’s municipalities for not paying their bills.
Bamboo Capital Partners to manage $40mn World Bank-led investment in Madagascar
Bamboo Capital Partners, an impact investing platform, is to act as international fund manager for Madagascar’s World Bank-led Off-Grid Market Development Fund (OMDF), which aims to invest $40mn in the country.
East Africa’s geothermal potential risks being left untapped
East Africa has so far failed to take advantage of its geothermal potential, with only 900 MW of generating capacity up and running.
Chinese investors withdraw from Kenya’s Lamu coal project
The Industrial and Commercial Bank of China (ICBC) has decided not to finance the proposed 1,050-MW Lamu coal plant in Kenya.
Asian developers’ exit from Thabametsi confirmed by SA government
The Japan and South Korea-led Thabametsi Project Company has officially informed the South African government that it has withdrawn from the 630-MW Thabametsi coal-fired power project.
IRENA highlights continued shortfall in green investment
Global renewable energy investment increased between 2013 and 2018, reaching its peak of $351bn in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI).
Sudan hopes to offer 27 blocks to investors
Sudan’s Ministry of Energy and Mining has announced plans to offer more than two dozen new blocks to investors in the near future.
NLNG set to increase domestic LPG supplies by 28.6% in 2021
The Nigeria LNG (NLNG) consortium is gearing up to increase the volume of LPG reserved for domestic consumption by more than a quarter next year.
Nigeria shifts target date for passage of PIB back by three months
Nigerian President Muhammadu Buhari has been pushing the National Assembly to pass the long-delayed Petroleum Industry Bill (PIB) before year-end, but his administration has now pushed the target date back by three months.
Scottish Widows to divest from thermal coal and tar sands
UK pensions investor Scottish Widows is to divest at least GBP440mn ($528mn) from companies that maintain their exposure to coal and weapons, among other factors, as it positions itself as an ethical investor.
Lamu could be too expensive for Kenya
Kenya Power said in its annual report this week that output at the country’s fossil fuel-fired thermal power plants fell 44% in the year to June 2019 as generation at the Lake Turkana wind power project ramped up.
Marubeni confirms exit for SA’s Thabametsi project
Japan’s Marubeni Corp. has confirmed it will not fund the Thabametsi coal-fired power plant in South Africa, following the withdrawal of some South African investors this week.
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