Monday, October 21, 2019
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
Gender equality could have a significant impact on rural electrification moves in sub-Saharan Africa, new data suggests. Fenix International, which sells off-grid solar kits in Uganda and Zambia, has uncovered a gender difference: Although only 20 percent of its kits...
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor (BWSC), in consortium with MAN Diesel and Turbo (MDT), has been awarded US$150.26mn contract to build a 120MW gas-fired power plant in Benin The project entails construction of a whole...
EnergyNet will host the second Regional Energy Co-operation Summit in Côte d’Ivoire from 24-25 January 2018 – a strategic platform for project evolution and partnership development. The conference will discuss opportunities for cross-border power projects and potential gas investments...
JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. “You’ll see us open in some countries we are not in, in Africa you’ll...
London, United Kingdom: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders Agreement with Berkeley Energy, committing US$30m of equity investment to the ground-breaking Corbetti Geothermal project, doubling its original commitment of US$15m. ‘The US$30...
Nigeria will probably maintain its system of multiple exchange rates, which the International Monetary Fund has long-urged it to scrap, until at least early 2020, according to Moody’s Investors Service. Merging the naira’s various rates any sooner might force the government...
Renewable energy technologies have experienced dramatic cost declines in recent years, triggering a lasting surge in renewable energy development, writes Markus Steigenberger, international director of Berlin-based think tank Agora Energiewende. Advances in renewable technology in combination with growing concerns about the...
The Rural Electrification Agency (REA) on Tuesday disclosed that  its study on Nigerian mini grid electricity development potential  revealed an annual investment opportunities of 9.2 billion dollars. Its Managing Director, Mrs Damilola Ogunbiyi, disclosed this while making a presentation...
The African Development Bank disbursed more than €71 million for the construction of a 714 km high voltage power line. The infrastructure which will link N’Zérékoré (Guinea) and Sanankoroba (Mali), will enable the electrification of 201 villages and provide a...
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