AfrElec - Africa Power Monitor
EBRD to support largest wind farm in Africa
The European Bank for Reconstruction and Development (EBRD) has issued a senior secured loan of up to $100mn to Red Sea Wind Energy, which will fund the development, construction and operation of a new 500-MW onshore wind farm in the Gulf of Suez.
South Africa’s Treasury withdraws Eskom’s controversial accounting exemption
South Africa’s Treasury has withdrawn an exemption from reporting irregular spending in the state-owned power utility Eskom’s annual financial statements, following a public outcry against it.
Financial close for $1bn floating solar farm project in Zimbabwe to come before end-2024, promoter says
Ghana IPPs reject debt restructuring of $1.4bn arrears owed by state, call for payment schedule talks
Zambia signs $3.5bn deal with China Huadian Corporation for 2,400 MW renewable energy projects
Zambia’s power utility ZESCO has signed a power purchase agreement with a Chinese investor that plans to invest $3.5bn to build plants to generate 2,400 MW of renewable energy.
South Africa avoids green activists at home by relying on fossil-based energy from abroad, expert says
South Africa's Treasury grants partial exemption on annual reporting to power utility Eskom
Cape Town issues 500-MW energy tender to pursue independence from South Africa national grid
South Africa's Eskom hands back Uganda's power stations in sorry state after 20-year concession
Red Sea Wind Energy consortium achieves financial close of 500-MW Gulf of Suez Wind Farm
The wind farm will be built, owned and operated by Red Sea Wind Energy, which is owned by a Consortium of ENGIE (35%), Orascom Construction (25%), Toyota Tsusho Corporation (20%) and Eurus Energy Holdings Corporation (20%).
GECOL, Total Energy start construction of 500-MW solar power park in Libya’s Al-Saddada
Libya’s national electricity company (GECOL) has started the construction of the first public solar power park in the Al-Saddada neighbourhood south-east of Misrata, the company said in a statement quoted by the Libya Observer on Monday, April 3.
Urgent action needed to provide access to electricity for all in Africa, AfDB president says
Parts of Ghana to face a 14-day power interruption as plant gets shut down for maintenance
Some parts of Ghana are expected to see interruptions in power supply for 14 days as the Ghana Gas Company Limited conducts a temporary shutdown of the Atuabo Gas Processing Plant for maintenance.
South Africa: NUM disagrees with electricity minister's views on corruption at state power utility Eskom
Mauritius Commercial Bank and Absa Bank joint-mandated lead arrangers for Infinity Power’s acquisition of Lekela Power
Investors in Kenya’s Special Economic Zones to get cheaper electricity in addition to tax incentives
Egypt’s nuclear regulator grants permit for construction of third reactor at El-Dabaa NPP
South Africa's Cape Town to increase feed-in tariffs by 10.5% for selling power back to grid
Algeria’s power exports record €217mn in 2022
Algeria’s electricity and locally manufactured electrical equipment exports reached €217mn in 2022.
Governance risk at South Africa power utility Eskom to impact economic performance, rating agency says
$35 trillion renewables investment needed by 2030 - IRENA
The global energy transition is “off-track”, aggravated by the effects of world-wide crises, says the International Renewable Energy Agency in a new report. A renewables investment of $35 trillion by 2030 is needed for the energy transition.
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