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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.
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Leading banks continue fossil fuel investment despite green rhetoric
Leading global banks have continued to offer $33bn of financing to expand existing fossil fuel projects over the past year, despite their commitments to promoting green energy projects.
Kibo Energy signs PPA for 2.7MW plastic-to-syngas power plant
Kibo Energy has signed a 10-year conditional Power Purchase Agreement (PPA) to generate baseload electricity from a 2.7-MW plastic-to-syngas power plant in Gauteng province.
Pouyanné says Mozambique LNG restart may take more than a year
Patrick Pouyanné, the CEO of TotalEnergies (France), has qualified his recent statements about the possibility that work on the Mozambique LNG project may resume before the end of this year.
AfrElec: NORAD commits $56mn grant to African Trade Insurance Agency
The Norwegian Agency for Development Cooperation (NORAD) has committed a $56mn grant to the Nairobi-based African Trade Insurance Agency (ATI) for a period of five years
SA’s Mantashe defends coal’s role in power generation
The South African government has defended the use of coal in power generation and it plans to develop the country’s coal mines
Egypt issues new call for GERD talks in February
Egypt has issued renewed calls for Ethiopia, Sudan and Egypt to reach a legally binding agreement on the filling and operations of the 6,500-MW Grand Ethiopian Renaissance Dam (GERD) after a year of deadlock.
Richards Bay coal exports fall in 2021
South Africa’s Richards Bay Coal Terminal (RBCT) exported 58.72mn tonnes of coal in 2021, the lowest total since 1996 and 11mn tonnes less than in 2020.
El Sewedy Electric net earnings jump to $224mn in 2021
REM: Siemens Gamesa see its value drop nearly 50% in 12 months, CEO out
Original equipment manufacturers in the wind industry are facing a rocky road because of cost pressures and the pandemic. This means a slashing in their value and, in the case of Siemens Gamesa Renewable Energy, a toppling of their CEO.
AfrElec: Kenya, Ethiopia agree to discuss new power purchase deal
Kenya and Ethiopia have agreed to fast-track talks for a power purchase agreement (PPA) among others to facilitate electricity trade between the two neighbouring East African countries.
Malawi appeals for help restoring power after Tropical Storm Ana
Russian ‘soft influence’ in Serbia fuels media war against Ukraine
Russian officials are adept at tapping into the Serbian psyche with appeals to patriotism, religion and the loss of Kosovo, resulting in sympathetic treatment in almost all Serbian media.
Global O&M solar market set for fast growth, but new entrants will struggle
Global solar operations and maintenance spending is predicted to rise fourfold to $15bn by 2030, but low margins could deter new entrants to the market and reduce profits for established players.
AfDB approves $2.5mn grant for COMESA to harmonise electricity regulations
The African Development Bank has approved a $2.5mn grant to advance the intra-regional harmonisation of electricity regulations in the Common Market for Eastern and Southern Africa (COMESA).
Mozambique president launches Cabo Delgado solar power station
Bamburi signs agreement with MOMNAI Energy to move to green energy
Bamburi Cement has signed a power purchase agreement for solar power plants to be installed adjacent to two cement processing units of the firm in Kenya
AfrElec: AfDB provides $27.39mn grant to support Ghana’s development of mini-grid network, solar PV net metering
BNEF: global investment in energy transition reached $755bn
Morocco bids for two small dams in Zagora and Errachidia
AG Energy to build 200-MW solar park in north-west Libya
TotalEnergies CEO hopes to resume work on $20bn Mozambique LNG project this year
Patrick Pouyanné, the CEO of TotalEnergies (France), has said he hopes to see work on the $20bn Mozambique LNG project resume before the end of this year.
TotalEnergies signs MoU with Rwanda to develop energy sector
TotalEnergies of France has signed with Rwanda Development Board (RDB) memorandum of understanding (MoU) to develop collaboration on energy-related projects
Oikocredit lends €5mn to Ecoligo, a ‘solar-as-a-service’ provider active in Ghana, Kenya
Social impact investor Oikocredit is giving €5mn ($5.5mn) loan to Ecoligo to support solar energy solutions provision to commercial and industrial businesses in Africa.
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