AfrElec - Africa Power Monitor
CHEC to act as subcontractor for NLNG’s Train 7 project
China Harbour Engineering Co. (CHEC) is slated to act as a subcontractor for the Train 7 expansion project at the Nigeria LNG (NLNG) plant on Bonny Island.
Nigerian president instructs Senate to fund gasoline subsidy in H2-2022
Nigerian President Muhammadu Buhari has instructed the Senate, the upper chamber of the National Assembly, to allocate NGN2.557 trillion ($6.15bn) in funding for the gasoline subsidy in the second half of 2022.
20% of Egypt’s power now generated from renewables
Renewable energy has broken through the 20% threshold in Egypt, as the country’s Finance Minister Mohamed Maait said this week that green generating capacity now stood at 6,128MW.
Flanders to provide €2.4mn to support climate adaptation in SA
The Flemish Government has agreed to provide €2.4mn to fund the development of new climate adaptation technologies in South Africa in a bid to build a green and resilience economy in the country.
Leading banks continue fossil fuel investment despite green rhetoric
Leading global banks have continued to offer $33bn of financing to expand existing fossil fuel projects over the past year, despite their commitments to promoting green energy projects.
Kibo Energy signs PPA for 2.7MW plastic-to-syngas power plant
Kibo Energy has signed a 10-year conditional Power Purchase Agreement (PPA) to generate baseload electricity from a 2.7-MW plastic-to-syngas power plant in Gauteng province.
Pouyanné says Mozambique LNG restart may take more than a year
Patrick Pouyanné, the CEO of TotalEnergies (France), has qualified his recent statements about the possibility that work on the Mozambique LNG project may resume before the end of this year.
AfrElec: NORAD commits $56mn grant to African Trade Insurance Agency
The Norwegian Agency for Development Cooperation (NORAD) has committed a $56mn grant to the Nairobi-based African Trade Insurance Agency (ATI) for a period of five years
SA’s Mantashe defends coal’s role in power generation
The South African government has defended the use of coal in power generation and it plans to develop the country’s coal mines
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