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IFC invests $10mn in Globaltronics to expand installation of digital electricity meters in Egypt
Renergen launches South Africa’s first ever LNG auctions
Renergen has launched South Africa’s first ever auction of LNG by opening a bidding contest for future LNG production streams from the Victoria Gas Project.
Sluggish oil prices led Uganda’s ERA to keep power tariffs steady in Q3-2020
Uganda’s Electricity Regulatory Authority (ERA) has reportedly identified sluggish crude oil markets as the main factor underlying its decision to keep electricity tariffs steady in the third quarter of 2020.
Chevron confirms plan to buy Sasol’s indirect stake in Escravos GTL plant
The US major Chevron has confirmed that one of its subsidiaries is slated to acquire additional equity in the Escravos gas-to-liquid (EGTL) plant from South Africa’s Sasol.
Total reveals details of Mozambique LNG financing deal
France’s Total has divulged some details of a recently signed financing agreement that will cover around three quarters of the projected costs of the Mozambique LNG project.
No deal again for GERD
Egypt has called on Ethiopia to clarify if it has indeed started to fill the $4bn Great Ethiopian Renaissance Dam, after reports in regional media this week that water levels has started to rise.
SA urged to pursue renewables to meet Paris targets and avoid higher tariffs
Increasing investment in renewables will allow South Africa to meet power future demand, reduce emissions and meet its Paris Agreement commitments.
Green hydrogen costs predicted to fall
Hydrogen produced by green electricity could be cheaper than hydrogen produced by burning natural gas by 2030.
Green investment rises 5%
Renewable investment showed great resilience in the first half of 2020, increasing 5% in the face of the unprecedented economic shock caused by COVID-19.
Guterres calls for coal-free COVID-19 recovery plans
UN Secretary-General Antonio Guterres’ call for an end to coal support contrasts with G20 states’ continued support for fossil fuels
Golar LNG’s FLNG vessel loads 40th cargo offshore Cameroon
Bermuda-based Golar LNG has reported that the Hilli Episeyo, the first vessel in the world to be converted to a floating LNG (FLNG) unit, has reached the milestone of lifting its 40th cargo offshore Cameroon.
NNPC: Nigerian gas production up 3.73% in April
Nigeria saw natural gas production levels rise slightly in April, according to the monthly financial and operations report published by Nigerian National Petroleum Corp. (NNPC) last week.
SA parliament reveals details of Eskom’s $234mn payment scandal
SA parliament reveals details of Eskom’s $234mn payment scandal
Rural electrification surges forward in Togo
The Togolese Rural Electrification and Renewable Energy Agency (AT2ER) has been ranked third in the UK’s Ashden 2020 Prize for its renewable energy development policy.
New EDM head aims for 2030 date for universal power access
New EDM head aims for 2030 date for universal power access
Nedbank, AfDB launch SA’s first green Tier 2 bond to leverage $232mn of investment
The African Development Bank Group has invested ZAR2bn ($116mn) in pioneering Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa.
Talks continue on GERD
Talks have been held again this week between Egypt, Sudan and Ethiopia over the future of the Grand Ethiopian Renaissance Dam (GERD).
SA mines suffer from COVID-19
A total of 18 mineworkers have so far died from COVID-19 in South Africa
Japan confirms $14.4bn investment in Mozambique
Japan has announced a $14.4bn investment drive by some of the country’s leading energy developers and financiers in Mozambique’s LNG potential
Brussels announces new hydrogen strategy
JBIC, private Japanese banks to lend $14bn to Mozambique LNG
A group of Japanese private and public-sector lenders has agreed to provide JPY1.5 trillion ($13.95bn) worth of financing for the Mozambique LNG scheme.
IEA roundtable calls for resilient and sustainable energy systems in Africa
IEA roundtable calls for resilient and sustainable energy systems in Africa
SA court ruling could allow Eskom to pass on more costs to customers
SA court ruling could allow Eskom to pass on more costs to customers
IEA calls for faster innovation for clean tech
The IEA has warned that governments and corporations need to focus on clean energy innovation as a matter of urgency if they are to meet their net-zero climate change targets by 2050.
Half of green projects now cheaper than coal, IRENA says
More than half of the renewable capacity added in 2019 achieved lower power costs than the cheapest new coal plants
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