AfrElec - Africa Power Monitor

Exxaro to stop investing in new coal production

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.

Seplat closes funding for Nigerian gas processing plant

The future for CSP

Rapidly falling costs for CSP with storage mean the technology is becoming a more attractive option for green baseload power

EBRD is providing $361mn financing package to Tunisia’s national electricity and gas company

TNOG wants to bring OML 17 output back up to 100,000 bpd

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.

Nigeria signs off on $3bn methanol project

South African coal exports dip 2.8% in 2020

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 set for new capacity and tariff reforms

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.

Vale buys Mitsui’s Mozambique coal interests for $2 ahead of divestment

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.

Turkey’s Karpowership in talks to provide floating power plant electricity to Cameroon

TPDC to build five CNG filling stations in Dar es Salaam

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.

Total CEO, Mozambican president discuss security for LNG project

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 increases stake In Kudu gas field

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).

Heavily indebted Zambia slashes fuel tax to ease shortages

Eskom warns of three months of power cuts

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.

Lake Turkana wind farm to use AI to improve performance tracking

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 targets 55,000 SME customers with smart meters

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.

AfDB, EIB sign joint partnership action plan to fast-track development in Africa

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 buys 75% stake in Mainstream to drive 5.5-GW expansion

Aker Horizons is to pay $919mn to buy a 75% equity stake in Mainstream Renewable Power, valuing the developer at $1.11bn.

Green investment breaches $500mn barrier in 2020

Green investment rose by 9% in 2020, with offshore wind and EVs showing the most dynamic growth

IEA calls for urgent action to cut methane emissions

The IEA has called on companies, governments and regulators to reduce methane emissions from the oil and gas sector.

Africa’s electricity unlikely to go green this decade

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.

GERD talks fail again

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.

Globeleq takes over Nigerian generator CPGNL

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.

AfDB to mobilise $6.5bn to fight climate change and boost sustainability

The African Development Bank (AfDB) has pledged to mobilise up to $6.5bn in funding for the Sahel region's Great Green Wall Initiative.