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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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Ethiopia, Sudan, Egypt all claim to be ready for GERD talks, but no breakthrough yet
Ethiopia and Sudan have agreed to try to resume negotiations with Egypt on breaking the deadlock around construction of the Grand Ethiopian Renaissance Dam (GERD).
Green investment forecast to return to pre-COVID levels in 2021
Global capex spending on ren–ewables is poised to bounce back in 2021, rising 8.5% to $255bn – in line with 2019 levels, IHS Markit Energy Advisory Service said this week.
Global electricity demand set for modest rebound after rapid fall in 2020
The impact of the COVID-19 pandemic is set to be profound for power demand, with emerging economies driving recovery
Globeleq secures $250mn in debt funding for Temane gas-to-power project
UK-based Globeleq and its partners in Central Termica de Temane (CTT) have secured up to $250mn worth of debt funding for a scheme that will use domestically produced natural gas to generate electricity.
Green growth in emerging economies continues in 2019, but the 2020 pandemic will cause pain
The outlook for renewable energy growth in developing economies was exceptionally bright at the end of 2019, BloombergNEF (BNEF) has said in its annual Climatescope survey.
IRENA, AfDB to scale up renewable investment in Africa
The International Renewable Energy Agency (IRENA) is to work with the African Development Bank (AfDB) to promote investment in low-carbon energy projects across the continent in a bid to drive forward the energy transition.
Standard Bank tightens coal financing rules but refuses to divest entirely
South Africa’s Standard Bank is to maintain its funding of coal projects, but has tightened its investment criteria.
Nigeria needs to capitalise more on gas wealth: NLNG
UN calls for green investment to meet UN targets
Investing in green economic stimulus packages could reduce 2030 emissions by 25%, thereby making the Paris Agreement 2°C goal a possibility
Urgent action needed to decarbonise heating and cooling
Heating and cooling based on renewable energy has emerged as an urgent priority for countries striving to meet climate goals and build resilient, sustainable economies.
Extreme weather compounds impact of COVID-19 on climate change
2020 is set to be one of the three warmest years on record, the World Meteorological Organization (WMO) said this week, as the impact of COVID-19 drives forward the relentless march of climate change.
IEA warns slowdown in energy efficiency gains threatens climate goals
The IEA has warned that progress in energy efficiency is set to slow to less than 1% in 2020, the lowest rate in 10 years and a major brake on reaching major energy and climate goals.
Egyptian LNG plant set for restart after eight-year hiatus
1,400 GW of offshore wind is achievable if governments create the right conditions
Collaboration between industry, government and key stakeholders is needed to scale-up investment and technologies and to ensure sustainable growth
Buhari says state must ensure crude supplies to independent refineries
Nigerian President Muhammadu Buhari has expressed strong support for independent oil refineries by ordering government agencies and state-controlled companies to ensure deliveries of feedstock to such plants.
Nigeria’s TCN needs new grid investment
The Transmission Company of Nigeria has said Nigeria requires nothing less than NGN1 trillion to effectively wheel electricity through the national grid.
AfDB to lend $120mn to build Malagarasi HPP in Tanzania
The African Development Bank have approved a $120mn loan to fund the construction of a 50 MW hydropower plant in Western Tanzania that will provide reliable energy the Kigoma Region.
African utility-scale renewables set for 300% growth
Africa’s renewable energy capacity is set to rise by 300% between 2019 and 2025 as the industry posts six consecutive years of growth.
Enel to invest €70bn in renewables
Enel has announced plans to invest €70bn in renewables until 2030 in a bid to extends its green capacity to 120 GW.
EAIF lends $31mn to Tema regasification scheme
Local content to account for at least 55% of work on NLNG’s Train 7
Nigeria LNG (NLNG) intends to rely on local providers for at least 55% of the work that will be done on the Train 7 expansion project, according to Tony Attah, the managing director and CEO of the consortium.
Nigeria looks to import fuels from Niger
Eskom to cut power to non-payers
Eskom intends to cut off power supplies to one-third of South Africa’s municipalities for not paying their bills.
Bamboo Capital Partners to manage $40mn World Bank-led investment in Madagascar
Bamboo Capital Partners, an impact investing platform, is to act as international fund manager for Madagascar’s World Bank-led Off-Grid Market Development Fund (OMDF), which aims to invest $40mn in the country.
East Africa’s geothermal potential risks being left untapped
East Africa has so far failed to take advantage of its geothermal potential, with only 900 MW of generating capacity up and running.
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