AfrElec - Africa Power Monitor

AFRELEC: Chinese withdraw from ambitious Zimbabwe coal power plans

The Industrial and Commercial Bank of China (ICBC) has abandoned plans to finance the $3bn, 2,800-MW Sengwa coal power project in northern Zimbabwe.

ASIAELEC: Asia’s coal proposals could threaten Paris goals

Coal is set to be more expensive than renewables, making green energy a better bet financially and environmentally.

MDB climate finance reaches $66bn in 2020

Multilateral development banks (MDBs) provided $66bn of climate finance in 2020, up from $61.6bn in 2019.

Hydro’s elderly turbines need fresh investment to contribute to net zero

Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says

Nigeria’s gas plans

Nigeria's government has proclaimed a “Decade of Gas” but may have difficulty realising its ambitions.

DFFE rejects Karpowership’s applications for LNG-to-power projects

South Africa’s Department of Forestry, Fisheries and the Environment (DFFE) has decided against giving Karpowership (Turkey) permission to go ahead with three LNG-to-power projects.

Regional talks expected to expand collaboration

KenGen makes hydro plans more climate resilient

Kenya’s KenGen is set to modify its hydropower projects in a bid to make them resilient to climate change.

Adenia acquires South African solar distributor Herholdt’s

Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Herholdt’s, a leading distributor of solar systems and low-voltage electrical products in South Africa, its first acquisition in the country.

EU carbon tax could hit South Africa

South Africa’s exports to Europe could be negatively affected when the European Union imposes carbon taxes on imports, as the country is heavily reliant on coal-fired electricity.

AfDB lends €83mn to Egypt to spur post-COVID-19 recovery

The African Development Bank (AfDB) has approved an €83mn loan to finance the second phase of Egypt’s Electricity and Green Growth Support Programme.