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Iran to export petrochemicals to Kenya, Uganda and Zimbabwe
The deal will see the three African countries buy petrochemicals from Iran in exchange for other goods, according to a statement made by the Iranian government.
Solar manufacturing in US may falter, says BNEF
A new report by BloombergNEF found that companies planning US solar factories will face limited availability of solar materials from Southeast Asia.
Ørsted to exit London Array offshore wind farm
Sector leader Ørsted has signed an agreement with funds managed by Schroders Greencoat to divest its remaining 25% minority interest in the 630-MW London Array Offshore Wind Farm in the UK.
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.
Kenyan cabinet gives nod for KPC to take over KPRL assets
The Kenyan Cabinet has approved the takeover of assets belonging to the defunct Kenya Petroleum Refineries Ltd (KPRL) by the Kenya Pipeline Company (KPC), a development that is designed to enhance the supply of petroleum products.
Kyrgyzstan’s energy sector to be placed under three-year state of emergency
Ministers to expedite special measures to address growing power shortages linked to climate impacts on river flows.
Uzbekistan exports $85mn of gas to China in June
Zimbabwe, Zambia in $294mn rehabilitation of key co-owned Kariba dam
The 1.81bn cubic metre capacity Kariba Dam, commissioned in 1960, generates 2,130 MW of electricity that is shared almost equally by the neighbours. Built on the Zambezi, the dam also supports a number of tourism, hospitality and fishing projects.
South Africa plans to unlock 13 GW from existing stations, says minister
According to the minister, the government is working on about 25 projects in existing substations, potentially unlocking up to 13 GW of energy. “In the next 10 years, we think that it’s possible for us to be able to have an additional 24 GW.”
Nigerian government slashes electricity subsidies by 80% in pursuit of sector reform
The Nigerian government has taken a significant step towards reforming its electricity sector by slashing electricity subsidies by approximately 80% between 2019 and 2022, according to a report by the Nigerian Electricity Regulatory Commission.
Equinor to purchase renewables company in Brazil
Norway’s Equinor has signed a deal with Denham Capital to purchase Rio Energy, a Brazilian onshore renewables company.
Tullow confirms talks with potential investors for Kenya’s crude project
British explorer Tullow Oil is determined to bring on board a strategic investor to kick-start the stalled Kenyan crude project that is facing an uncertain future following the exit of two minority shareholders.
Saudi firms eye more Iraq investments
Saudi Arabia's investments in the oil sector are set to gain momentum as a delegation, led by Mohammed Abdulrahman Al-Ibrahim, the Kingdom's assistant minister for oil and gas, convened with his Iraqi counterpart in Baghdad.
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