AfrElec - Africa Power Monitor

18 December 2020

AfDB secures $90mn in donor commitments to fund sustainable generation

17 December 2020

The African Development Bank (AfDB) has secured $90mn in new donor commitments for the Sustainable Energy Fund for Africa (SEFA), which aims to fund sustainable generation and nudge governments away from dirty and costly fossil fuel technology.

Nigeria opens EU-supported solar off-grid projects

17 December 2020

The Nigerian government has said it wants solar energy to improve access-to-power in rural areas as it opens a number of Solar Nigeria power projects across the country.

Green hydrogen has potential to compete with fossil fuels by 2030

17 December 2020

Hydrogen produced with renewable electricity, known as green hydrogen, could compete on costs with fossil fuel alternatives by 2030, the International Renewable Energy Agency (IRENA) has claimed in a new report.

ABB agrees to refund Eskom $105mn

17 December 2020

ABB has agreed to pay back ZAR1.56bn ($105mn) it had received from Eskom for what have proved to be fraudulent tender payments related to the construction of the Kusile Power Station.

Ethiopia, Sudan, Egypt all claim to be ready for GERD talks, but no breakthrough yet

17 December 2020

Ethiopia and Sudan have agreed to try to resume negotiations with Egypt on breaking the deadlock around construction of the Grand Ethiopian Renaissance Dam (GERD).

Green investment forecast to return to pre-COVID levels in 2021

17 December 2020

Global capex spending on ren–ewables is poised to bounce back in 2021, rising 8.5% to $255bn – in line with 2019 levels, IHS Markit Energy Advisory Service said this week.

Global electricity demand set for modest rebound after rapid fall in 2020

16 December 2020

The impact of the COVID-19 pandemic is set to be profound for power demand, with emerging economies driving recovery

Globeleq secures $250mn in debt funding for Temane gas-to-power project

15 December 2020

UK-based Globeleq and its partners in Central Termica de Temane (CTT) have secured up to $250mn worth of debt funding for a scheme that will use domestically produced natural gas to generate electricity.