AfrElec - Africa Power Monitor
Eskom warns of three months of power cuts
Eskom has warned that its current power cuts are likely to continue for up to three months as scheduled maintenance as well as unplanned outages create a supply deficit of up to 2,000 MW.
Lake Turkana wind farm to use AI to improve performance tracking
AI service provider Clir Renewables has announced a partnership agreement with Kenya’s Lake Turkana Wind Power (LTWP) that will enhance wind farm performance tracking.
Kenya Power targets 55,000 SME customers with smart meters
Kenya Power is to install smart meters at 55,000 customers in the small and medium enterprise (SME) sector across the country by June, funded by a KES1.25bn ($11mn) grant from the World Bank.
AfDB, EIB sign joint partnership action plan to fast-track development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan that aims to strengthen co-operation and mutual development priorities.
Aker Horizons buys 75% stake in Mainstream to drive 5.5-GW expansion
Aker Horizons is to pay $919mn to buy a 75% equity stake in Mainstream Renewable Power, valuing the developer at $1.11bn.
Green investment breaches $500mn barrier in 2020
Green investment rose by 9% in 2020, with offshore wind and EVs showing the most dynamic growth
IEA calls for urgent action to cut methane emissions
The IEA has called on companies, governments and regulators to reduce methane emissions from the oil and gas sector.
Africa’s electricity unlikely to go green this decade
Research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix.
GERD talks fail again
The latest talks on the Grand Ethiopian Renaissance Dam (GERD) have again broken down, with the Egyptian side blaming differences on how to resume talks and on the procedural aspects related to managing the negotiation process.
Globeleq takes over Nigerian generator CPGNL
Africa-focused IPP Globeleq is to take a 74% majority equity stake in Nigeria’s CPGNL Ltd (CPGNL), which will be rebranded as Globeleq Power Solutions Nigeria Ltd.
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