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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Egypt launches $86.4mn tender for El Dabaa Nuclear plant power grid connection

11 June 2026

Egypt’s Ministry of Electricity has launched an international tender to construct a 500 kV ultra-high voltage power line designed to connect the El Dabaa Nuclear Power Plant to Egypt's national grid

Tanzania's stalled $1bn uranium project Mkuju River gains momentum after talks with Russian partners

10 June 2026

Put on ice when uranium prices plummeted in 2011, the project is being developed by a subsidiary of Russia’s Uranium One Group.

Egypt studies solar power shift for water pumping stations to cut fuel costs

10 June 2026

The Egyptian government is currently evaluating plans to expand solar energy use across its water pumping stations to accelerate its green transition and curb rising fuel import bills

Zambia signs agreement for 16MW solar project in boost to renewable energy drive

9 June 2026

Zambia has signed an implementation agreement for the 16-megawatt (MW) Northrise Solar Photovoltaic (PV) Power Project, another step in the country's efforts to expand electricity generation capacity and attract private investment into the sector.

Egypt seals $420mn wind power deal with UAE's Alcazar Energy

9 June 2026

Egypt signed investment, operation, and power purchase agreements with UAE-based sustainable infrastructure fund Alcazar Energy for the 580MW Gabal El Zeit wind power in the Red Sea region.

Revego, H1 mull merger that would create one of South Africa’s largest renewables-focused funds

9 June 2026

South Africa's Revego Fund Managers is exploring a merger with H1 Holdings that would create one of the country's largest renewable energy investment platforms, with assets exceeding $807mn across 36 projects.

Nigeria’s power sector reforms yield limited results after three years under Tinubu

9 June 2026

Three years after President Bola Ahmed Tinubu pledged to overhaul Nigeria's electricity sector, the industry still grapples with grid instability, mounting debts, metering shortfalls and chronic supply shortages despite reforms.

Liberia secures $57mn World Bank funding to expand solar power, battery storage

9 June 2026

The funding forms part of a broader $125mn package approved by the World Bank to support renewable energy, infrastructure development and digital transformation projects across Liberia.

Nigeria’s integrated energy firm Heirs Energies wins EMEA award for $750mn financing deal

8 June 2026

Nigeria’s Heirs Energies Limited, one of Africa’s leading indigenous-owned integrated energy companies, has been recognised on the global stage at the EMEA Finance Project Finance Awards 2026.

Nigeria launches 20MW mini-grid project in Kogi State

8 June 2026

Nigeria’s government has launched a 20MW mini-grid power project in Kogi State, which it described as the largest mini-grid development in North Central Nigeria, as part of a rural electrification programme valued at more than $100mn

South Africa’s Eskom and Zululand Energy Terminal sign HOA to advance gas-to-power programme

8 June 2026

South Africa’s state-owned power utility Eskom and Zululand Energy Terminal have signed a Heads of Agreement establishing the framework for a long-term strategic partnership to support South Africa’s gas-to-power programme.

Lesotho signs $6.2bn hydropower and AI project with aim of becoming power exporter

8 June 2026

The agreement Lesotho signed with US-based Convalt Energy to develop a 1,200MW hydropower project and an AI data centre is valued at almost three times Lesotho's GDP.

Egypt to connect 500MW Obelisk solar phase two to national grid within weeks, says minister

7 June 2026

The second phase of the Obelisk solar project in Egypt’s Nag Hammadi, with a capacity of 500MW, will be connected to the Egyptian national grid within the coming weeks

Lesotho signs $6.2bn 1,200MW hydropower and AI data centre deal with Convalt Energy

5 June 2026

Lesotho has signed a binding agreement with US-based Convalt Energy to explore a 98bn loti ($6.2bn) 1,200MW hydropower and AI data centre development, potentially the largest investment commitment in the country's history.

Paras Energy raises $11mn in landmark Nigerian power-sector bond

5 June 2026

Paras Energy has raised NGN15bn ($11mn) through a fully subscribed five-year senior unsecured bond, marking the first unwrapped debut bond issuance by a privately held company in Nigeria's power sector.

South Africa's Eskom secures LNG supply agreement with Vopak's JV Zululand for Richards Bay project

5 June 2026

Eskom has signed a long-term LNG agreement with the Zululand Energy Terminal, providing access to South Africa's planned first LNG import facility and supporting a proposed 3,000 MW gas-fired power project at Richards Bay.

India’s TCIL seeks partners for major Ghana solar rollout across public facilities

5 June 2026

India’s state-owned Telecommunications Consultants India Limited (TCIL) has launched a search for consortium partners and backend contractors to support deployment of more than 31 MW of solar power systems across public institutions in Ghana.

Anzana secures $20mn BII debt facility to expand African hydropower portfolio

4 June 2026

Anzana Electric Group has secured a $20mn senior secured debt facility from British International Investment (BII) to accelerate the development of small-scale hydropower projects across East, Central and Southern Africa

Sun King secures $4.5mn loan to expand off-grid solar distribution in Africa

3 June 2026

Sun King has secured a $4.5mn loan to expand the distribution of off-grid solar products in underserved communities across sub-Saharan Africa, strengthening its position in the region’s growing decentralised energy market.

Nigeria’s power crisis endures despite $3.65bn in World Bank support

3 June 2026

Nigeria has received at least $3.65bn in World Bank-backed funding for its electricity sector since 2001, yet unreliable power supplies, repeated grid collapses and widespread dependence on generators continue to hamper economic activity

Senegal targets battery storage and mini-grid expansion in renewables push, says IRENA

3 June 2026

Senegal is accelerating its renewable-energy transition through large-scale battery storage projects, solar expansion, regional hydropower integration and agriculture-focused mini-grids aimed at improving grid reliability and rural electrification.

Expanding FLNG capacity strengthens Congo’s gas-focused energy strategy

3 June 2026

The Republic of the Congo is moving towards a more flexible and export-focused gas sector as new floating liquefied natural gas (FLNG) developments emerge alongside existing capacity.

China’s BYD captures 35% of Africa EV market, as latecomer rival Tesla bets on Morocco

3 June 2026

Chinese EV giant BYD upped its market share from just 4% in 2023 as electric vehicle sales on the continent accelerated. Tesla is betting on Morocco, Africa’s leading EV manufacturing hub.

Aura Energy targets 2026 FID for Mauritania uranium mine following deal with "major" nuclear utility

3 June 2026

Dual-listed Aura Energy targets final investment decision on its Tiris uranium project in Mauritania by end 2026 after signing a strategic MoU with a "major international nuclear utility".

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