AfrElec - Africa Power Monitor
Nigeria reduces electricity subsidies by 35% following tariff hike for high-use customers
Nigeria has reduced its electricity subsidies by 35% after raising tariffs for high-usage customers, a measure aimed at alleviating pressure on the country's strained public finances.
South Africa’s power utility Eskom, coal miner Exxaro sign MoU on just transition to low-carbon economy
South Africa’s coal miner and diversified energy company Exxaro Resources and national power utility Eskom have announced their collaboration to reduce carbon emissions and coal pollution.
South Africa's Mergence Investment Managers, Scalar International of US establish fund to invest $150mn in clean energy projects in Africa
South Africa's Mergence Investment Managers and American private equity firm Scalar International have partnered to establish a $150mn fund to invest in decarbonisation projects in sub-Saharan Africa.
UAE expands its role as largest strategic investor in Africa's energy sector
The United Arab Emirates continues to expand its presence in Africa’s energy industries as part of a broader strategy that has established it as the continent’s leading investor, surpassing China.
Nigeria launches nationwide clean energy initiative with 30MW plant in Ogun State
Nigeria commissioned a 30-megawatt power facility in Ogun State on April 15 as it launched a nationwide clean energy initiative targeting all 774 local government areas.
South Africa readies for competitive electricity market, says RMB
South Africa is preparing for the launch of a competitive electricity market that will allow consumers to choose from different power suppliers and pricing plans.
Nigerian power generators warn of collapse amid debt crisis
The Association of Power Generation Companies (APGC) has warned that continued non-payment of electricity invoices totalling more than NGN4 trillion ($2.5bn) has placed Nigeria’s electricity sector on the verge of collapse, The Cable reported.
Sweden commits $3.85mn to boost Kenya’s clean energy start-ups
Kenya’s renewable energy sector received a boost after the Swedish government committed KES500mn ($3.85mn) to support local micro, small and medium enterprises.
International Solar Alliance to produce solar panels, lithium batteries in Zimbabwe
A Zimbabwean university will “soon” begin manufacturing solar panels and lithium batteries in partnership with the International Solar Alliance (ISA), an India-based intergovernmental organisation of 104 members.
Zimbabwe gold miner Caledonia sells 12MW solar plant to Kenyan firm CrossBoundary Energy for $22.35mn
Nigerian billionaires consolidate control of electricity generation and distribution sector
Nigeria’s electricity sector is now predominantly controlled by local billionaires, whose firms collectively produce over 75% of the nation’s electricity and hold expanding stakes in distribution networks, Hallmark News has reported.
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