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GERD talks again fail to make headway
This week’s talks on the Grand Ethiopian Renaissance Dam are in danger as disagreement over future water-sharing agreements prompted Sudan to threaten to walk out and Egypt to call for the talks to be suspended.
Afreximbank commits $400mn to Mozambique LNG
The African Export-Import Bank (Afreximbank) is to commit up to $400mn in guarantees and direct lending to support the Area 1 LNG Project in Mozambique.
Eskom floats 320-MW battery storage tender
Eskom has floated a tender for a battery energy storage system (BESS) with a minimum of 80 MW/320 MWh usable capacity at South Africa’s Skaapvlei substation in the Western Cape.
Asia to drive next generation of offshore wind growth
Global offshore wind capacity is to continue growing in 2020 despite COVID-19
Global investors to take heed of Net Zero Investment guidance
The IIGCC has published its Net Zero Investment Framework, which aims to guide the investment community towards meeting the Paris Agreement temperature reduction goals.
bp aims for 50 GW by 2030
bp now aims to increase its green power generating 20-fold to 50 GW by 2030.
Shipping emissions rise 10% and pressure on the sector grows
Greenhouse gas (GHG) emissions from maritime shipping rose 10% from 2012 to 2018, accounting for 2.89% of the world’s emissions in 2018.
Kenya reports more delays for lake shipments of fuel to Uganda
Kenya Pipeline Co. (KPC) has said it does not expect to begin deliveries of petroleum products to Uganda via port facilities in Kisumu on schedule in January 2021.
Renergen completes design work for LNG plant
South Africa’s Renergen has completed design work on its planned gas liquefaction plant 22 days ahead of schedule.
EIB to lend $12.5mn to boost off-grid solar in Uganda
The European Investment Bank is to lend $12.5mn to France’s ENGIE to fund the installation of 240,000 solar home systems in Uganda
REDAVIA received FDI loan to fund solar in Africa
African solar developer REDAVIA has received €1.5mn ($1.73mn) as its first catalyst loan from Nordic Development Fund-backed Energy and Environment Partnership Trust Fund (EEP Africa).
Eskom’s legal victory clears the way for higher tariffs
Eskom can now add an extra 10% onto its tariffs after winning a major legal battle with NERSA over how government subsidies are given out
COVID and project difficulties keep Siemens Gamesa in the red
COVID and project difficulties keep Siemens Gamesa in the red
US Eximbank to provide largest portion of $14.9bn Mozambique LNG loan
The US Export-Import Bank (Eximbank) is set to make the largest individual contribution to a nearly $15bn credit package that the Mozambique LNG consortium is using to fund its project.
Nigeria moves towards fuel market reform: FBNQuest
Standard Bank calls for green and flexible energy systems in Africa
Standard Bank calls for green and flexible energy systems in Africa
Eskom seeks consultants to drive forward reform
Eskom seeks consultants to drive forward reform
New hope for GERD talks, but differences between Egypt and Ethiopia are still deep
Ethiopia, Egypt and Sudan gave embarked on a fresh round of GERD talks
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.
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