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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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UN’s Espinosa stresses need for quick follow up on Glasgow goals
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
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.
South Korea investing $12.4mn in solar mini-grids in Nigeria
Kenya Power posts pre-tax profit of $72.7mn, up 216% y/y
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
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.
Eni, Sonangol JV moves forward on Angola photovoltaic project
EU's €10mn SESA project to fund African tech and business models launches
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
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
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
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
EU challenges China’s Belt and Road with €300bn Global Gateway
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
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.
AfrElec: Cote d’Ivoire signs power supply agreement with Guinea
Atuabo Gas Plant shutdown due to routine engineering and maintenance works
His statement was in response to the public outcry over Ghana once again having erratic power supplies, popularly known in the country as 'Dum Sor,' literally meaning 'off and on'.
Kenyan private sector to support green hydrogen and ammonia production
The Kenya Private Sector Alliance (KEPSA) has signed a memorandum of understanding with green energy company Fortescue Future Industries (FFI) to help facilitate its members’ participation in green hydrogen and ammonia production in Kenya.
Coal phase-out could take longer than thought
Thermal coal demand is expected to rise until the mid-2020s, despite the COP26 agreement, Wood McKenzie said in the aftermath of the UN climate summit in Glasgow.
Corporate net-zero targets grow, but more needs to be done
Listed companies accounting for 75% of total global corporate revenues now have net-zero targets of some kind, with the share growing four-fold over the past year, according to new research from Net-Zero Tracker.
AfrElec: India’s JSPL to build coal mine in southern Africa
REM: Wind power must not become too cheap, says leading turbine maker
Wind power could become too cheap, trimming the profit margins of component manufacturers too much, said Andreas Nauen, chief executive of Siemens Gamesa, in an interview in Copenhagen with Reuters.
A new business proposition for IOCs working in Africa
Norway’s EW&P shows interest in helping Africa’s oil-producing states use associated gas to power data centres on offshore drilling platforms.
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