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South Africa’s Exxaro Resources is to stop investing in new thermal coal assets, although it will continue to produce and supply coal for domestic and international customers, chief executive Mxolisi Mgojo said.
Rapidly falling costs for CSP with storage mean the technology is becoming a more attractive option for green baseload power
TNOG Oil & Gas, a company established by Heirs Holdings Ltd and Transnational Corp. of Nigeria Plc (Transcorp), is looking to raise output more than three-fold at OML 17, a Nigerian licence area in which it recently acquired a 45% stake.
Exports from South Africa’s Richard’s Bay Coal Terminal (RBCT) dipped 2.8% in 2020 to 70.2mn tonnes from 72.2mn tonnes in 2019, as COVID-19 disruptions began to bite.
South Africa plans to procure 6,800 MW of renewable capacity over the next year through a total of three procurement rounds, in addition to 5,000 MW of new coal, gas and storage capacity.
Brazil’s Vale is to buy Mitsui & Co.’s 15% stake in Mozambique’s Moatize coal mine and its 50% interest in the Nacala Logistics Corridor (NLC) for $1 each.
Tanzania Petroleum Development Corp. (TPDC) has announced plans to build five new CNG filling stations in Dar es Salaam before the end of the current fiscal year.
Filipe Nyusi, the president of Mozambique, met with Patrick Pouyanné, the chairman and CEO of France’s Total last week to discuss security conditions in the northern Cabo Delgado province.
BW Energy (Norway) has concluded a farm-in and carry agreement for Kudu, an offshore natural gas field, with the National Petroleum Corporation of Namibia (NAMCOR).
Eskom has warned that its current power cuts are likely to continue for up to three months as scheduled maintenance as well as unplanned outages create a supply deficit of up to 2,000 MW.
AI service provider Clir Renewables has announced a partnership agreement with Kenya’s Lake Turkana Wind Power (LTWP) that will enhance wind farm performance tracking.
Kenya Power is to install smart meters at 55,000 customers in the small and medium enterprise (SME) sector across the country by June, funded by a KES1.25bn ($11mn) grant from the World Bank.
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan that aims to strengthen co-operation and mutual development priorities.
Aker Horizons is to pay $919mn to buy a 75% equity stake in Mainstream Renewable Power, valuing the developer at $1.11bn.
Green investment rose by 9% in 2020, with offshore wind and EVs showing the most dynamic growth
The IEA has called on companies, governments and regulators to reduce methane emissions from the oil and gas sector.
Research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix.
The latest talks on the Grand Ethiopian Renaissance Dam (GERD) have again broken down, with the Egyptian side blaming differences on how to resume talks and on the procedural aspects related to managing the negotiation process.
Africa-focused IPP Globeleq is to take a 74% majority equity stake in Nigeria’s CPGNL Ltd (CPGNL), which will be rebranded as Globeleq Power Solutions Nigeria Ltd.
The African Development Bank (AfDB) has pledged to mobilise up to $6.5bn in funding for the Sahel region's Great Green Wall Initiative.