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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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EBRD extends €25mn to Moroccan Bank for Trade and Industry to support green energy projects
Two approaches to LNG
Two LNG projects in Mozambique and Mauritania appear to be gaining some headway, but their sponsors are following different strategies.
AfrElec: MIGA issues 20-year guarantees for Mozambique’s CTT
Multilateral Investment Guarantee Agency (MIGA) has issued guarantees of 20 years for the 450-MW Central Térmica de Temane (CTT) power generating plant in Mozambique.
Golomoti JCM UK Ltd seeks MIGA cover for solar plant in Malawi
Golomoti JCM UK Ltd has applied for risk coverage for its $24mn investment in the 20-MW solar power generating plant in Malawi.
MIGA issues guarantees for Gabon’s 35-MW hydroplant
Multilateral Investment Guarantee Agency (MIGA) has issued risk guarantees of about $28.7mn to investors of 35 megawatts (MW) hydroelectric power plant in Gabon.
World Bank to fund $150mn power recovery plan for Somalia
The World Bank is to lend $150mn to boost electricity access across Somalia by funding off-gird green power initiatives in a bid to alleviate poverty and to boost post-COVID-19 economic recovery.
Eskom could face immediate closure of power plants to meet pollution standards
Eskom’s efforts to be exempted from the South African government’s stringent new pollution standards have proved fruitless, putting in danger up to 16,000 MW of coal-fired generating capacity.
Zimbabwe power crisis worsens
Zimbabwe’s electricity grid collapsed on December 14, as some of the Kariba Dam’s generating units closing down for repairs.
Kenya’s Olkaria 1 Unit 6 83-MW geothermal plant set to start operating in 2022
Kenya’s 83-MW Olkaria 1 Unit 6 geothermal plant, now under construction, should start feeding into Kenya’s national grid in early 2022.
Uber partners with Kenya’s Opibus to deploy 3,000 electric motorcycles
Opibus is partnering with Uber Technologies Inc to deploy in 2022 up to 3,000 electric motorcycles to drivers in East Africa following successful pilot program.
Nigeria’s Green Bond market value grew to NGN55.52bn in first four years, NGX chief says
South African platinum miner Sedibelo eyes revolutionary green tech
Kenya’s cost of electricity to drop by 15% before end of 2021
Kenyan consumers are set to benefit from reduction of electricity bills in two tranches with first 15 % drop effective before December 25, 2021.
Eni, Cote d’Ivoire leaders hold advanced talks on ‘net-zero’ development of Baleine discovery
Green Tech: Agilitee Africa set to build electric car assembly plant in Ghana
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
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
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
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
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.
Mozambique 450-MW gas-fired power plant secures $652mn in funds
AIA Group divests from coal
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.
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