AfrElec - Africa Power Monitor

New report identifies floating offshore wind’s “enormous potential” in energy transition

The Global Wind Energy Council (GWEC) has published a new report, Floating Offshore Wind – a Global Opportunity, setting out the “enormous role” that opportunity floating offshore wind presents globally.

BP warns oil is yet to peak despite progress on renewables

BP’s 2022 Energy Outlook has warned that oil production has yet to peak worldwide, and that more gas will be needed to meet a doubling of power demand by 2050.

Nigeria needs $100bn to meet power needs – think tank

Nigeria will need $100bn over the next 20 years in order to solve its electricity supply problems and meet rising demand, a new report by Nigerian think tank Financial Derivatives Company (FDC) said.

World Bank approves $750mn to support Kenya's economy recover from pandemic

The World Bank has approved $750mn to boost the economic transformation of Kenya, steeling reeling from the impact of COVID-19

Petrofac wins new energies project in Egypt

Service provider Petrofac is to carry out a feasibility study for a green hydrogen to ammonia facility in Egypt being developed by Mediterranean Energy Partners (MEP).

Green Exchange launches green bonds in Ghana at 4-6%

The Green Exchange plans to drive up Africa’s share by encouraging the continent’s companies to issue green bonds.

AfricaGoGreen Fund’s capital reaches $30mn

The AfricaGoGreen Fund has received $20mn to promote private investments in energy-efficient technologies in Africa in a bid to decarbonise the continent’s economy and push forward the energy transition.

Namibia's DBN approves solar park funding

The Development Bank of Namibia (DBN) has approved funding for the construction of the Rosh Pinah Solar Park (RPSP) in the country’s southern region of Karas.

Standard Bank pulls funding for coal & oil power plants

Standard Bank, South Africa’s biggest lender in assets, says that it will stop financing all new coal- and oil-fired plants as it plans to reduce fossil fuel exposure as part of a plan to reach net-zero by 2050.

AfrElec: Tlou, Zismo partner on transmission line construction for Botswana’s Lesedi project

Tlou Energy, a Botswana-based clean energy company, has signed a contract for the construction of a transmission line for the Lesedi power project with Zismo Engineering, a local electrical engineering contractor.

Tlou, Zismo partner on transmission line construction for Botswana’s Lesedi project

Tlou Energy, a Botswana-based clean energy company, has signed a contract for the construction of a transmission line for the Lesedi power project with Zismo Engineering, a local electrical engineering contractor.

Nigeria’s power grid collapses, debt recriminations at emergency meeting

Intertek awarded technical service contract for Morocco-UK power project

US Millennium Challenge Corporation delegation visit to Sierra Leone focuses on energy sector

Kenya Power poised to charge electric cars during off-peak hours, acting head says

South African president eyes gas projects in Mozambique

South African President Cyril Ramaphosa said on Friday (March 11) that his country hoped to invest in the development of natural gas reserves in neighbouring Mozambique.

World Bank approves $150mn to boost electrification rates in Senegal

Zimbabwe: Invictus, Exalo sign binding drilling contract for Muzarabani-1 well

Invictus has executed a binding drilling rig contract with European onshore drilling contractor Exalo Drilling to drill the Muzarabani-1 exploration well

Nigerian rights group questions government spending on refineries

A Nigerian rights group, SERAP, has threatened to sue the government for the alleged mismanagement of funds approved for the rehabilitation, operation and maintenance of the country’s oil refineries.

Vandalised Kenya Power equipment recovered In Juja raid

Police detectives on Thursday March 10 arrested three suspects in an operation that recovered vandalidised equipment of state owned Kenya Power and Lighting Company (KPLC).

Royal Bafokeng Platinum: 30 MW solar power study almost complete

South Africa’s only rural community-owned mining company, Royal Bafokeng Platinum (RBPlat), which delivered record dividend-yielding earnings and production in 2021, is close to completing its renewable energy study

Kinetiko starts gas flow test at Korhaan-4 well in South Africa

Perth-based exploration company Kinetiko Energy has announced the start of gas flow testing at the Korhaan-4 well in Amersfoort, South Africa. This is the first of three flow tests from a recently completed three-well drilling programme.