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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Green Tech: Agilitee Africa set to build electric car assembly plant in Ghana

10 December 2021

The idea, when established, will further boost the government's vision to fully integrate Ghana and make it a competitive hub in the automobile industry

Eni, Sonangol to build Solenova 50-MW solar project in Angola

10 December 2021

Italy’s Eni and Angola’s Sonangol are to develop the Caraculo solar photovoltaic project in tNamibe province of Angola.

Uganda tops AfDB Electricity Regulatory Index for fourth consecutive year

10 December 2021

Uganda’s electricity sector has been judged Africa’s best regulated across a number of key metrics for the fourth consecutive year, the African Development Bank said as it published its 2021 Electricity Regulatory Index.

AfDB funds Kamanyola-Bujumbura power line in Burundi

10 December 2021

Construction engineering firm KEC International is to build the Kamanyola-Bujumbura energy transmission line and Bujumbura substation in Burundi, the African Development Bank said.

Ormat earns high revenues from Kenya’s Olkaria wells

10 December 2021

US power company Ormat continued to earn huge payouts from Kenya Power despite lower output at its Olkaria geothermal wells, exposing the downsides of protective electricity purchase contracts.

AIA Group divests from coal

9 December 2021

Global insurer AIA Group has become the latest insurer to divest its coal mining and coal interests by selling $10bn of investments in the fuel.

UN’s Espinosa stresses need for quick follow up on Glasgow goals

9 December 2021

UN climate chief Patricia Espinosa said governments must quickly begin working to meet the goals set at the COP26 conference in Glasgow as part of the Glasgow Climate Pact.

REM: Fitch: Wind power pipeline up by almost 33% in six months

8 December 2021

The world's wind project pipeline increased significantly between the second and fourth quarters of 2021 as efforts to mitigate climate change continued to drive the adoption of renewables. This is according to a new report by Fitch Solutions.

Kenya Power posts pre-tax profit of $72.7mn, up 216% y/y

7 December 2021

Kenya’s electricity distribution utility posted a pre-tax profit of $72.7mn for the year ended on June 30, 2021 as the changes in management began to bear fruit.

Kenya Power hit hard by FX-denominated purchase deals with IPPs

7 December 2021

Kenya’s electricity distribution utility is facing challenge of U.S. dollar and Euro denominated power purchase agreement due to depreciation of East African country’s currency.

EU's €10mn SESA project to fund African tech and business models launches

3 December 2021

The project is aimed at providing technologies and business models that can be reproduced and create local opportunities for economic developments and social cohesion across Africa.

Trade crucial for Africa’s resilient and green economic recovery

2 December 2021

Africa has the chance to purse a resilient and green economic recovery from the COVID-19 pandemic if environmental and climate considerations are built in to the continent’s trade and investment networks.

Moving away from coal can solve Eskom’s power problems, says CEO

2 December 2021

Eskom could gain an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, CEO Andre de Ruyter said, Reuters reported.

World set for 290 GW of new green capacity in 2021

2 December 2021

Renewable electricity growth is accelerating faster than ever worldwide, supporting the emergence of the new global energy economy, says the IEA.

1.5°C remains elusive

2 December 2021

EU challenges China’s Belt and Road with €300bn Global Gateway

2 December 2021

Bloc’s giant investment offer may appeal to countries worried by Chinese “debt-trap diplomacy”. Beijing warns against geopoliticising infrastructure.

ENGIE Mobisol rebrands to ENGIE Energy Access Kenya

1 December 2021

ENGIE Mobisol has changed its name to ENGIE Energy Access Kenya (EEA Kenya) as the firm plans to increase access to affordable solar energy kits.

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