AfrElec - Africa Power Monitor
Nigeria secures $83mn IFC financing for distributed energy scale-up
Off-grid renewable energy developers in Nigeria have secured $83mn in financing backed by the International Finance Corporation (IFC), signalling a shift towards larger-scale deployment of decentralised energy systems,
Chariot Resources secures six lithium licences in Nigeria
Chariot Resources Limited (ASX: CC9) has announced that it has secured regulatory approval for six lithium licences in Nigeria.
Nigeria raises mini-grid capacity limits to accelerate renewable rollout
Nigeria has revised its mini-grid regulations to accelerate investment and expand electricity access, removing administrative barriers that have slowed deployment in underserved areas
Kodal Minerals’ Bougouni ramp-up signals stronger Mali lithium exports
Kodal Minerals (AIM:KOD) has reported its strongest monthly output at the Bougouni Lithium Project in Mali, with March production exceeding 10,900 tonnes of spodumene concentrate, signalling improving operational stability.
South Africa’s Mulilo reaches financial close on 240MW Middlepunt solar project
Mulilo has reached financial close on the 240MW Middlepunt solar project in South Africa’s Free State, marking the first project under the latest REIPPPP round.
Ghana gas plant shutdown tests power stability amid critical system repairs
Ghana’s energy authorities have announced a brief shutdown of the Atuabo Gas Processing Plant to carry out urgent repairs to a key safety system, raising concerns over potential power supply disruptions.
Togo launches solar minigrid tender for 27 rural sites
Nigeria leaves majority of power capacity unused despite slight output rise
Nigeria is leaving nearly 70% of its installed electricity capacity unused, with available supply at 4,089MW in March despite a modest rise in generation in early April
Ghana gas plant failure triggers power disruptions
A major technical fault at Ghana’s main gas processing plant has forced an emergency shutdown, disrupting fuel supply to thermal power producers and triggering outages in parts of the country.
Nigeria states take control of local power regulation
Fifteen Nigerian states have assumed control of their local electricity markets under the Electricity Act 2023, shifting licensing, tariff setting and consumer protection to state authorities
Botswana, Omani group Naqaa Sustainable Energy LLC launch construction of 500MW solar power project
Botswana’s government launched the construction of a 500-megawatt (MW) solar photovoltaic power plant and 500MWh battery storage system on April 16, three days after signing the contract in Oman.
Envusa Energy commissions 140MW wind farm to power Anglo American’s South African PGM mines
Envusa Energy has commissioned a 140MW wind farm in South Africa’s Northern Cape to supply renewable power to Anglo American’s PGM mining operations
Tanzania secures IFC backing for energy and rail projects under Vision 2050
The International Finance Corporation (IFC) has pledged support for Tanzania’s Vision 2050 development framework, with a focus on electricity, ports and rail infrastructure.
Poro Power reaches financial close on Korhogo solar project in Ivory Coast
Poro Power 1 has secured an initial €43mn ($50.7mn) from a €65mn ($76.7mn) green bond, reaching financial close for its 66MW Korhogo solar project in northern Ivory Coast.
Africa needs stronger legal voice as climate-related litigation reshapes energy policy, says AEC
With climate-related litigation cases increasing globally, the AEC maintains that African institutions must play a stronger role to ensure fair and practical outcomes that fully reflect the continent’s development and energy needs.
Namibia, Angola to enhance energy co-operation with plan to build $58mn cross-border interconnector
Namibia and Angola have signed an agreement for the development of a joint power interconnector valued at about $58mn.
Perth-based Elevate Uranium grows resource base in Namibia to 106mn pounds
Elevate Uranium (ASX: EL8, OTC: ELVUF), a Perth-based explorer and developer, has expanded the mineral resource base at its Koppies Uranium Project in Namibia to 76mn pounds (Mlb) of triuranium octoxide (U3O8).
Istanbul-listed Aksa Enerji obtains $300mn six-year loan from Africa Finance Corporation
Funding will finance power plant investments across African continent.
Côte d’Ivoire secures $70mn green bond for Korhogo solar project
Africa Finance Corporation has closed a €65mn ($70mn) green bond to fund a 66MW solar plant in Côte d’Ivoire, marking the first project finance green bond in WAEMU and signalling a shift toward African-led infrastructure financing.
Nigeria’s NERC orders TCN to cut grid losses to 6.5% by end-2026
Nigeria’s electricity regulator has directed the Transmission Company of Nigeria (TCN) to reduce nationwide transmission losses to 6.5% by December 2026, tightening oversight to improve the efficiency and reliability of the national grid
Nigeria sets mini-grid rules to widen rural power access
Nigeria’s electricity regulator has introduced new mini-grid rules aimed at accelerating small-scale power projects in underserved communities, widening rural access to electricity and providing clearer operating standards for investors.
Guinea-Bissau strengthens energy sector leadership amid growing upstream momentum
Julio Mamadù Baldé has been appointed as Guinea-Bissau’s Minister of Natural Resources.
Germany grants new $234mn climate loan to South Africa amid grid strain
Germany has extended a €200mn concessional loan to South Africa to support grid expansion & renewable energy, reinforcing European backing for the country’s just energy transition as transmission constraints continue to limit new power capacity.
Botswana, Oman sign deals for renewable energy, oil storage cooperation
The deals include the development and operation of an oil storage facility in a coastal region of Botswana, and a project to develop, build and finance a 500-MW photovoltaic solar power plant inland.
France and EU help finance $196.74mn upgrade of Uganda's Jinja hydropower plants
Uganda has secured UGX 735bn ($196.74mn) in financing from France and the European Union to rehabilitate the Nalubaale and Kiira hydropower stations in Jinja, key assets in the country’s electricity system
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