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Costs surge in offshore wind, rattling the sector
Swedish giant utility Vattenfall recently halted a wind farm project, the Norfolk Boreas offshore site off the UK, citing costs that had become inflated by 40%.
InvestAfrica set to secure 35% stake in Kenya’s battery distributor
Dubai-based InvestAfrica FZCO is expected to invest more money in Kenya’s cash-strapped battery distributor Eveready EA Plc, more than the KES145mn ($1.02mn) the Nairobi Stock Exchange says it needs to be in a better cash position.
Aseel Oilfield secures energy, minerals deals in Zanzibar
The government of Zanzibar has entered into deals with Dubai-based Aseel Oilfield Services involving investments in energy and mineral projects, a development that is intended to diversify the island’s economy that is largely dependent on tourism.
South Africa’s power utility Eskom needs more time, resources to finance grid expansion, says minister
South African Minister for Electricity Kgosientsho Ramokgopa said strengthening the grid would take more time and resources than the struggling state-run power utility Eskom could afford.
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.
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.
Predator Oil & Gas plans to build gas-to-power plant in Morocco
Predator Oil & Gas, a London-listed company with near-term gas operations focused on Morocco, is currently considering expanding its operations in Morocco and said it plans to build a gas-to-power project in the near future.
Hitting 2030 renewables target looks increasingly unlikely for South Africa, analysts say
A report published on July 12 highlights challenges that lie ahead for Africa’s most advanced economy in its pursuit of decarbonisation.
Namibia launches tender to build 70-MW solar project
The electricity company is in the market for an engineering, procurement and construction contractor to build the solar farm in Rosh Pinah, a project originally designed for wind power generation.
Police in South Africa seizes $55.7mn worth of items in Eskom-related fraud investigation
According to the police, among the recovered items since April last year were 42 firearms, 83 loads of coal and 33 trucks.
South Africa’s electricity minister explains escalating power outages
Speaking to the media on July 17, the minister said that “significant lessons” have been learnt from last week’s cold snap that caused the national grid to falter as demand soared and generation capacity plummeted.
IMF wants a change of board at Kenya Power
The International Monetary Fund now wants a new board of directors to be appointed to run Kenya Power as it extends its tentacles into the day-to-day management of the Kenyan economy, Business Daily reported.
Huawei partners with Moroccan utility ONEE to develop power storage technologies for renewable energies
Niger commissions 30-MW solar plant in Gorou Banda
Kenya to partner with Excel Services Corporation in nuclear ambitions
The top leadership of the Kenya Nuclear Regulatory Authority met with Excel CEO Donald Hoffman in Nairobi and discussed ways in which the country can tap into the company’s expertise, particularly in the area of improving NPP regulatory safeguards.
ACWA Power granted land for 10-GW wind project in Egypt
ACWA Power, a Saudi-listed company, has signed a memorandum of understanding with Egypt’s New and Renewable Energy Authority (NREA) to allocate land for a 10-GW wind project.
State-run power utility Eskom cancels coal supply agreements, construction contracts worth $616mn
The coal supply agreements and construction contracts are being investigated by South African authorities in a crackdown on crime at Eskom, according to President Cyril Ramaphosa.
German renewable energies investor JUWI building projects to generate 400 MW in South Africa
Germany's JUWI Renewable Energies (JUWI) has 400 MW of engineering, procurement and construction projects at advanced stages of development for mines in South Africa.
Eskom former COO’s sudden departure could jeopardise time-critical projects at power utility
Former Eskom chief operating officer Jan Oberholzer has parted ways with South Africa’s embattled state-owned power utility. Oberholzer officially retired in April this year, but was retained on a two-year contract to oversee four projects.
Norwegian renewable energy firm Scatec sells 40-MW solar project in Mozambique for $8.5mn
A Norwegian renewable energy company, Scatec ASA (Scatec), has agreed to sell its 52.5% equity share in a 40-MW solar power plant in Mozambique to London-based Globeleq for $8.5mn.
Uganda’s Umeme push to increase connections even as concession nears end
The company revealed that discussions are under way with the government to roll out a World Bank-funded Scale-up Connections project that will involve adding 1mn new customers to the grid.
Senegal to build gas-to-power Sandiara Power Plant
Senegal is set to embark on the construction of the Sandiara Power Plant, a gas-to-power facility that aims to become a regional energy hub.
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