Morocco: Projects line up as ONEE plans busy summer

The Brussels-based Global Wind Energy Council sees installed wind power capacity growing rapidly over the next five years to reach 13GW in 2019. In a report released to mark Global Wind Day on 15 June, the industry organisation said the African market had reached nearly 1,000MW of installed capacity for the first ...

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Uganda: Tullow settles tax dispute

Tullow Oil has settled a capital gains tax (CGT) dispute with the Ugandan government relating to its farm-down to CNOOC and Total in 2012. The company said on 22 June that it had agreed to pay $250m, substantially less than the $473m originally demanded by the Uganda Revenue Authority (URA). Tullow paid $142...

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South Africa: Tough questions on first day of tariff hearings

The National Energy Regulator of South Africa (Nersa) began a two-day public hearing on 23 June on Eskom’s request for an immediate tariff increase. Of particular concern was the problem posed to municipalities of an immediate increase in the cost of the power they resell as they are no longer ...

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Wind power capacity expected to soar

The Brussels-based Global Wind Energy Council sees installed wind power capacity growing rapidly over the next five years to reach 13GW in 2019. In a report released to mark Global Wind Day on 15 June, the industry organisation said the African market had reached nearly 1,000MW of installed capacity for the first ...

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Guinea: Veolia wins EdG management services contract

The government has signed a four-year contract worth €11.3m ($12.6m) with Veolia Africa to provide management services to national utility Electricité de Guinée (EdG). Veolia Africa will be supported by experts from another Veolia subsidiary, consulting engineer Seureca, the French company told African Energy. The consortium will work to ...

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Angola: Isabel dos Santos expands empire

President José Eduardo dos Santos’ billionaire elder daughter Isabel has added to her portfolio with a controlling stake in Portuguese engineering company Efacec, ten years after she bought 38.3% in Portugal’s Galp Energia in partnership with Portuguese businessman Américo Amorim. Isabel dos Santos, whose fortune was estimated at $3bn ...

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Al-Qaeda emirs take on Islamic State in Libyan battleground

The jihadist organisations that have prospered in the ruins of the Libyan state since the overthrow of the dictator Colonel Muammar Qadhafi have started to fight among themselves, adding another level of complexity to an already fragmented political...

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Namibia: Government cancels Xaris power plant

Barely 100 days into his presidency, President Hage Geingob has ordered new mines and energy minister Obeth Kandjoze to pull the plug on a costly 250MW emergency power station in the Erongo region that was to provide back-up for the uranium mining...

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Penspen to study West African gas pipe extension

UK-based engineering consultancy Penspen has signed a contract with the Economic Community of West African States (Ecowas) to carry out a feasibility study examining the performance of the West African Gas Pipeline (WAGP) and its possible future...

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Market factors and logistical challenges could delay East African gas schemes

In its latest annual medium-term gas market report, published in early June, the International Energy Agency (IEA) has revised downward its forecasts for global gas demand between 2014 and 2020. Planned supply, meanwhile, is abundant, with liquefied...

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Mozambique-Tanzania gas development race enters a crucial lap

No one doubts that gas fields in the Rovuma Basin offshore Mozambique and Tanzania hold huge reserves of gas. A 27 April-8 May International Monetary Fund (IMF) staff mission to Maputo concluded: “Mozambique’s plans to develop its oil and gas...

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Morocco seeks partners as first phase of gas plan emerges

New details have emerged of the Moroccan government’s ambitious project to import liquefied natural gas (LNG) and develop six combined-cycle gas turbine (CCGT) power plants with combined 6.3GW capacity, whose launch has been promised by energy...

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Perspectives

A selection of free articles from African Energy's extensive database

ICA finds rise in infrastructure finance commitments, but implementation patchy

Reports of significantly increased commitments for energy and other projects across the continent have been given substance by the Infrastructure Consortium for Africa (ICA) annual report, unveiled in Cape Town on 25 November. The ICA reports that, for the second year running, there was a significant rise in commitments and disbursements for energy, transport, water and information and communications technology (ICT) ...

Issue 290 - 4 December 2014

Uganda: Bid round planned for 2015

Uganda is planning a licensing round next year, and the Ministry of Energy and Mineral Development is evaluating bids from consultancy companies to assist with the process. Ministry principal geologist Fred Kabanda told Global Pacific & Partners’ Africa Oil Week conference in Cape Town on 5 November that despite the exploration successes of recent years, the Albertine Graben was only 40% explored, and ...

Issue 289 - 20 November 2014

Liberia: Bid round closes

Bid round advisers EY opened licensing round bids from prequalified companies in London on 17 November. National Oil Company of Liberia (Nocal) said EY would now provide an independent evaluation of the fiscal terms contained in each bid. Winning bidders are expected to be notified by 24 November, and Nocal will then negotiate production-sharing contracts (PSCs) with the companies. The Liberia Basin ...

Issue 289 - 20 November 2014

South Africa: REIPPP wrestles with grid issue

The Department of Energy’s Independent Power Producer (IPP) office has been working hard to resolve issues with connecting renewable IPPs to the grid and monitoring their economic development commitments, influential National Treasury senior project adviser Karen Breytenbach told the South African National Energy Association earlier this month. Grid connection is the primary obstacle to closing the projects of preferred ...

Issue 289 - 20 November 2014

Ghana: Agreement on disputed Tano blocks, but ratification awaits

Pan Andean Resources and the government have reached agreement in a dispute which began in March after Parliament ratified the award to Houston-headquartered, Nigerian-owned Camac Energy of the Expanded Shallow Water Tano (ESWT) Block. Some of ESWT’s acreage was already licensed to the Irish-led Pan Andean. Investors welcomed the deal, but observers said parliamentary ratification could take some time, ...

Issue 288 - 10 November 2014

Eskom offered R20bn backed by asset sales

Finance minister Nhlanhla Nene’s medium-term budget policy statement speech said the government would inject at least R20bn ($1.82bn) into Eskom, but only once the struggling national utility had sold some non-strategic assets. The funding will be deficit-neutral, with Eskom only to receive the funds after the non-strategic asset sales. Nene added that, “if necessary”, the funds could be ...

Issue 288 - 10 November 2014

DR Congo: Kinshasa blacks out with Inga II breakdowns, power line delays

The situation at the 1,424MW capacity Inga II plant has become extremely problematic, with state utility Société Nationale d’Électricité (Snel) warning the public in mid-October that Kinshasa and Bas-Congo Province would suffer serious power cuts until December, owing to maintenance problems. Two of Inga II’s five operational 178MW turbines will have to be repaired before end-November. Snel ...

Issue 288 - 6 November 2014

Namibia: Tullow drops Kudu gas development as share price tumbles

Tullow Oil and its partner Itochu Corporation are pulling out of the Kudu gas field development, transferring their stake back to the government, which looks set to bring in Chinese partners in their place. Industry sources said Tullow had lost patience with the slow progress on the project, where the government had been supposed to find a new upstream partner ...

Issue 288 - 6 November 2014

Kenya: Wells planned for onshore blocks 2B, 12B

Operator Taipan Resources has signed a letter of intent with China’s Greatwall Drilling Company to contract the GW-190 land rig for the high-impact Badada-1 well on Block 2B. The Anza Basin well is expected to spud between mid-December and mid-January and take around 70 days to drill. Premier Oil farmed into the onshore block in October 2013, taking 55%. “The Badada-1 well ...

Issue 287 - 27 October 2014

Nigeria: IFC buys $50m of Seven Energy bond issue

The World Bank’s International Finance Corporation (IFC) has subscribed to $50m of notes in the inaugural bond issuances by Nigerian gas developer Seven Energy International. Seven Energy is Nigeria’s first unlisted oil and gas company to tap the international capital markets, and the company’s bond issuances raised a total of $400m. Part of the proceeds will fund ...

Issue 287 - 27 October 2014

North Africa: Desertec disappears into the sand

The much-vaunted Desertec Industrial Initiative (Dii) has made many claims since its foundation in 2009, initially as a predominantly German conglomerate of major industrial companies whose big idea was to harness the world-scale solarity of the Sahara and wider Middle East and North Africa (Mena) region to generate power for export into the European Union. Even as more international companies signed ...

Issue 287 - 24 October 2014

Nigeria: Ophir founders Stein and Taylor join Sirius Petroleum

AIM-listed Sirius Petroleum has appointed Ophir Energy founders Alan Stein and Jonathan Taylor to a new technical advisory committee to help it bring its Ororo field in block OML95 offshore Nigeria into production. The appointments form part of a broader technical advisory agreement with Perth-based natural resources investment company Havoc Partners, which was co-founded by Stein and Taylor. Sirius acquired 40% ...

Issue 287 - 24 October 2014

South Africa: US officials speak out over Koeberg tender

The dispute that broke out between Westinghouse Electric Corporation and Eskom following the award to France’s Areva of a R4.2bn ($383m) contract to replace six steam generators at the Koeberg nuclear power plant (AE 285/3, 284/5) has led to strongly worded statements from US officials. US ambassador to South Africa Patrick Gaspard told the Nedbank-NEPAD Business Foundation Networking Forum this ...

Issue 287 - 24 October 2014

South Sudan: Questions over ‘oil for arms’

In August, a 600,000-barrel oil cargo for September lifting was awarded to China International United Petroleum & Chemicals (Unipec). But, according to an oil industry source, Unipec was invoiced to pay not the government of South Sudan, but Chinese arms manufacturer China North Industries Group Corporation (Norinco). This arrangement has not been made before, but there is precedent for a direct ...

Issue 286 - 10 October 2014

South Sudan oil production drop to cost $2m a day

South Sudan’s oil production has fallen by about 25,000 b/d, or 15%, due to problems with well maintenance in the key producing state of Upper Nile, according to the latest sales and marketing data from the Ministry of Petroleum and Mines. The ministry has outlined a lifting programme for 4.2m barrels of crude for November, equivalent to 140,000 b/d. Production ...

Issue 286 - 9 October 2014

Corporate China seeks deeper penetration across African markets

President Xi Jingping’s call for China-Africa trade to exceed $400bn by 2020, with infrastructure investment a priority in driving that exponential increase, is a realistic target as ever more Chinese companies explore the continent’s markets. China Inc made a spectacular return to African business in the last decade, with bilateral trade rising from $10bn in 2000 to $210bn in 2013 – an ...

Issue 286 - 9 October 2014

New Eni CEO investigated over OPL 245

Eni’s new chief executive, Claudio Descalzi, is under preliminary investigation by the Milan prosecutor’s office in relation to the acquisition of Nigerian block OPL 245 in 2011. Descalzi, who replaced Paolo Scaroni in May, was head of Eni’s exploration and production division at the time of the Nigerian transaction. “Eni continues to deny any illegal conduct,” the company said ...

Issue 285 - 29 September 2014

Niger Delta E&P plans $450m equity offer

Niger Delta Exploration & Production (NDEP) plans to raise $450m through a share offer, CEO Layi Fatona told the company’s annual general meeting in Lagos on 19 September. The first tranche of $200m is expected to be raised by year-end from either local or international markets and will fund the acquisition and development of oil fields in Nigeria. There is no ...

Issue 285 - 25 September 2014

Morocco: Bids in but no decision on 850MW wind farms

State utility Office National de l’Electricité et de l’Eau Potable (ONEE) has finally opened bids for 850MW of power to be generated at five sites, a key element in the Integrated Wind Energy Programme (PIEE), which aims to generate 2GW by 2020. Decisions on the 850MW element (tender no SP 40 311) have been delayed while ONEE has put together financing ...

Issue 285 - 25 September 2014

New Rwanda utility faces up to challenge of expanding generation

Rwanda plans to raise generation capacity to 563MW from 115MW by 2017, and to increase the electricity access rate to 70% from 18% within the next three years. The Ministry of Infrastructure says this ambitious level of expansion is essential if Rwanda is to reach its target of 11.5% annual growth over the next five years.The government restructured the Electricity, Water and Sanitation ...

Issue 285 - 25 September 2014

Ghana thinks big on small-scale solar

Off-grid solar provider Persistent Energy Ghana (PEG) is seeking to quadruple its customer base by year-end, despite the many challenges presented by a new market. “In Ghana, there are approximately 5m people off grid. If we only reach a tiny percentage of them, we will hit our targets,” PEG chief operating officer Nate Heller told African Energy. The company, owned ...

Issue 284 - 11 September 2014

Guinea renews Aggreko contract despite high cost

Beleaguered state utility Electricité de Guinée (EDG) has announced the renewal of its 50MW emergency power contract with Aggreko, which accounted for a massive 36% of EDG’s total expenditure in H1 2014. The utility’s half-year results, released in late August, show that investment in generation, transmission and distribution infrastructure received only 4% of total H1 2014 spending. According to EDG, in ...

Issue 284 - 11 September 2014

Somalia takes Kenya to ICJ over maritime border dispute

The Somali government has turned to the United Nations International Court of Justice (ICJ) in The Hague to resolve its maritime border dispute with Kenya. In its application, posted on the ICJ’s website on 28 August, Somali minister of foreign affairs and investment promotion Abdirahman Dualeh Beileh asked the court to determine the course of the maritime boundary, saying “diplomatic ...

Issue 284 - 11 September 2014

New Somalia co-operation agreement seeks to build capacity

Abu Dhabi’s Mubadala Petroleum has signed a co-operation agreement with the Somali Ministry of Petroleum and Mineral Resources aimed at building capacity. Mubadala, part of Abu Dhabi sovereign wealth fund Mubadala Development Company, which is led by Crown Prince Mohammed Bin Zayed Al-Nahyan, said the agreement was “aimed at sharing knowledge, increasing the strength of the Somali ministry and ...

Issue 283 - 7 August 2014

Côte d’Ivoire: Markets snap up bond issue

Côte d’Ivoire has priced a $750m ten-year bond at a final yield of 5.625%, according to a government statement. Government debt is rated B1 (positive outlook) by Moody’s and B (positive outlook) by Fitch. The country missed coupon payments on its outstanding 2032 Eurobond in 2010–11 as it emerged from political and economic crisis, and had to restructure its external ...

Issue 282 - 25 July 2014

Morocco: IFC gives Acwa Power a push

The World Bank’s International Finance Corporation private finance arm is investing up to $100m in Saudi developer Acwa Power, which “will help the company significantly increase the amount of power it generates from renewable sources and meet growing energy demand throughout the Middle East and North Africa [and] the southern cone of Africa”, the IFC said in a statement ...

Issue 282 - 25 July 2014

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Cameroon energy map

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Zambia’s power sector infrastructure

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Mozambique's power sector infrastructure

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Angola’s power sector infrastructure

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South Africa's power infrastructure

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African Energy View

Driving Nigerian power privatisation: can Obama save Azura?

For investors lining up to buy into the privatisation of Nigeria’s electricity supply industry, the issue of when the 459MW...

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G7 promises renewable future, but baseload remains carbon-based

Recent diplomatic manoeuvring, not least involving China and the United States, has raised hopes that new controls on...

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Does Buhari have the muscle to clean Nigeria’s Augean stables?

For the fifth of his 12 labours in penance for past sins, Hercules undertook the apparently impossible task of cleaning King...

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Events

27-29 August

Oil & Gas Tanzania 2015, Dar-Es-Salaam

27-28 August

East African Power Industry Convention (EAPIC), Nairobi

23-24 September

Ethiopia International Mining Conference, Ethiopia

28-30 September

South Africa: Gas Options

30 September-2 October

Africa Electricity, Johannesburg

6-8 October

ECOWAS Mining & Petroleum Forum, Ghana

8-9 October

Africa Investment Exchange: Energy, Nairobi

15-16 October

iPAD DRC Mining & Infrastructure Indaba, Kinshasa

20-21 October

Katanga Mining Week, DRC

26-30 October

22nd Africa Oil Week, South Africa

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