AfrElec - Africa Power Monitor

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Power

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AfrElec’s covers coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the political and investment decisions needed to improve access to electricity for Africa’s expanding population.

Timely, accurate, on-the-ground news and analysis is vital to investors, developers, engineers and businesses, both regionally and internationally.

AfrElec will analyse key project, policy and investment issues and offers insight into what will come next in the power sector. It offers the latest commentary on the geopolitical framework, energy policy, tendering and investment – and assesses the risks inherent in working in the African business environment.

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South Africa’s minister provides update on grid performance, status of electricity sector reform process

15 August 2025

South Africa’s Electricity and Energy Minister Kgosientsho Ramokgopa has assured the nation that ongoing reforms in the electricity sector are “irreversible.”

Nigeria approves $8.5mn compensation and $34mn transformer plan to boost electricity grid

14 August 2025

The Nigerian government has approved NGN13bn ($8.5mn) in compensation and a $34mn transformer procurement initiative as part of ongoing efforts to modernise the national electricity grid and improve power stability

Egyptian energy firm TAQA Arabia posts 66% y/y jump in net profit to $7.24mn in H1 2025

14 August 2025

TAQA Arabia, the largest private-sector energy distribution company in Egypt, posted a consolidated net profit in H1 2025 of EGP 350mn ($7.24mn), a 66% year-on-year (y/y) jump, the company said in a bourse filing.

Egypt and Greece to accelerate sub-sea power interconnection project

14 August 2025

Egypt and Greece have agreed to accelerate the 3GW Egypt–Europe electricity interconnection project via Cyprus, which aims to export renewable energy from Egypt via the development of multiple solar and wind power projects.

Morocco launches international tender for $6.2mn hybrid solar-diesel power plant in El Guerguarat

13 August 2025

Morocco’s National Office of Electricity and Drinking Water (ONEE) launched an international tender for the construction of $6.18mn hybrid solar-diesel power plant with battery storage in El Guerguarat.

Uganda approves 100 MW solar plant with US firm Energy America to expand clean energy capacity

12 August 2025

Uganda’s government has authorised the development of a 100 megawatt-peak (MWp) solar photovoltaic (PV) power plant integrated with 250 megawatt-hours (MWh) of battery energy storage (BESS) in Kapeeka Sub‑County, Nakaseke District.

ASP Isotopes set for Johannesburg listing, will acquire Renergen, advance uranium enrichment plans with NECSA

12 August 2025

Nasdaq-listed ASP Isotopes plans to list on the JSE and acquire 100% of South Africa’s only onshore helium and LNG producer while advancing uranium enrichment plans with NECSA.

Nigeria’s Elektron Finance launches $130mn bond programme for Lagos power project

12 August 2025

Elektron Finance SPV has launched a NGN200bn ($130mn) bond issuance programme, marking its debut in the country’s debt capital market with strong institutional investor participation.

Egypt-UAE venture Infinity Power win tender to develop two solar plants in Côte d'Ivoire

11 August 2025

Infinity Power, a partnership between Egypt’s Infinity and Abu Dhabi-based Masdar, has won a tender to develop two solar power plants in Côte d'Ivoire, achieving record-low tariffs for West and Central Africa.

Nigeria power companies Ikeja Electric, KEPCO Energy Resources deny being in "receivership"

11 August 2025

Two major players in Nigeria’s power sector, Ikeja Electric and KEPCO Energy Resources, have denied media reports that a Lagos High Court ordered banks and regulators to seize their assets and accounts.

South Africa plans to launch credit guarantee vehicle to support independent transmission projects

11 August 2025

The National Treasury of South Africa has confirmed it will contribute 20% of the initial $500mn needed to establish a credit guarantee vehicle designed to reduce investment risk for privately funded public infrastructure projects.

Ghana, Rwanda push ahead in race for Africa’s first small nuclear reactors

11 August 2025

Ghana and Rwanda are leading the charge to deploy Africa’s first small modular nuclear reactors (SMRs), the head of the World Nuclear Association said.

Ivory Coast to build 52 MW solar plant in M’Bengue by 2027

8 August 2025

Ivory Coast has signed an agreement with local developer Tongon Solaire to construct a 52 MW solar power plant in the northern town of M’Bengue.

South African gold miner Pan African Resources signs renewable supply deal with energy trader NOA Group

7 August 2025

Johannesburg-based gold mining company Pan African Resources has signed a ten-year renewable energy agreement with South African energy trader and aggregator NOA Group Trading to supply 44 MWac of clean power annually for its mining operations.

Saudi firm Acwa Power wins tender to develop 800MW solar projects in Morocco

7 August 2025

Saudi energy company Acwa Power has won a global tender to develop two solar power plants, Noor Midelt 2 and Noor Midelt 3, with a combined capacity of 800 megawatts (MW).

Kenyan cabinet approves $4.3bn Olkaria VII geothermal project

6 August 2025

Kenya's cabinet has approved the construction of the Olkaria VII Geothermal Power Plant, which is expected to inject 80.3 megawatts (MW) into the national grid by June 2027 and cost $4.3bn.

Nigeria-Morocco Gas Pipeline project advances towards construction phase

6 August 2025

The $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is nearing the start of its construction phase. The 6,000-kilometre infrastructure initiative has gained momentum following high-level meetings in Rabat in July.

South African free basic electricity campaigner lauds government pledge to treat coverage as rights issue

5 August 2025

A South African group that lobbies for free basic electricity (FBE) has commended the government for pledging more action towards universal access but suggested some adjustments.

Afreximbank to provide $4.4mn for bankability, feasibility studies for 1 GW floating solar farm in Zimbabwe

4 August 2025

Green Hybrid Power (GHP), a Zimbabwean project developer, has secured $4.4mn from the African Export-Import Bank (Afreximbank) to undertake bankability and feasibility studies for a 1-GW floating solar project in the southern African nation.

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