AfrElec - Africa Power Monitor
Global coal use rose to a record high in 2022, and with strong growth forecast in Asia for power generation and industrial applications, coal is expected to remain close to an all-time high in 2023, the International Energy Agency predicted.
Electricity outages had eased recently but that relief was brought to an abrupt end this week as a cold front swept across the country, bringing freezing temperatures and, in Johannesburg, snow.
ArcelorMittal South Africa posts $25mn loss in half year to June 2023 due to worsening electricity shortage
ArcelorMittal South Africa posted a $25mn loss induced by electricity shortages in the interim period to June 30 but expects steel demand from renewable energy projects to boost sales over the remainder of 2023.
A background paper by the African Development Bank (AfDB) estimates that Africa has an annual offshore renewable energy production potential of 44.52 TWh of electricity.
Algeria's state-owned gas utility Sonelgaz said on July 26 it had accepted 77 proposals from local and international firms bidding to establish 2 GW of solar energy plants after opening the technical bids in an auction.
Swedish giant utility Vattenfall recently halted a wind farm project, the Norfolk Boreas offshore site off the UK, citing costs that had become inflated by 40%.
Dubai-based InvestAfrica FZCO is expected to invest more money in Kenya’s cash-strapped battery distributor Eveready EA Plc, more than the KES145mn ($1.02mn) the Nairobi Stock Exchange says it needs to be in a better cash position.
The government of Zanzibar has entered into deals with Dubai-based Aseel Oilfield Services involving investments in energy and mineral projects, a development that is intended to diversify the island’s economy that is largely dependent on tourism.
South Africa’s power utility Eskom needs more time, resources to finance grid expansion, says minister
South African Minister for Electricity Kgosientsho Ramokgopa said strengthening the grid would take more time and resources than the struggling state-run power utility Eskom could afford.
Suspension of electricity generation at South Africa's nuclear facility, Koeberg, has cost the economy $6.7bn in 18 months, energy expert says
A South African energy expert estimates that the closure of one unit at the country’s sole NPP has cost the economy $6.7bn as well as refurbishment costs. The Koeberg unit, which can generate 920 MW of electricity, has been shut for 18 months.