AFC sees opportunities in low oil price, post-conflict states

Lagos-based Africa Finance Corporation (AFC) aims to bring together governments and private stakeholders to mobilise funds for infrastructure projects, enabling it to take a long-term view on development and still generate returns for shareholders. “We take a longer-term view than most investors, we have African money and we are operated ...


Mauritania: Kosmos discovery

Kosmos Energy has found more gas offshore Mauritania with its Marsouin-1 exploration well in the northern part of Block C-8. Marsouin-1 encountered at least 70 metres of net gas pay in Upper and Lower Cenomanian intervals comprised of excellent quality reservoir sands. The well was drilled in nearly 2,400 metres of water, 60...


Kenya/Tanzania: Farmouts, Octant Afren buy

East Africa continues to be a hive of activity, despite the slowdown in much of the African upstream sector. Denmark’s Maersk Oil & Gas has agreed to farm into Africa Oil Corporation’s assets in Kenya and Ethiopia, while Cameroon player Bowleven is expanding its East African portfolio with a ...


DFID promotes solar PV micro-finance initiative

The UK government’s latest development plan for Africa aims to establish a commercially viable way of providing power to people living without access to electricity. But the Department for International Development (DFID), which is promoting the Energy Africa scheme, is still at the early stages in explaining how it ...


Egypt: Lekela expands portfolio with Gulf of Suez project

Renewables developer Lekela Power is multiplying its Egyptian interests, demonstrating strong confidence in the viability and attractiveness of large-scale wind generation developments in the Gulf of Suez. In early November, it struck a bilateral agreement with Egyptian Electricity Transmission Company (EETC) for a 250MW wind farm, which it will construct ...


South Africa: Eskom reveals commissioning deadlines

Eskom has pushed back commissioning for the 4,764MW Medupi and 4,800MW Kusile coal power plants by a year. Chief executive Brian Molefe said on 16 November that Medupi would enter full commercial operation in May 2020 and Kusile in September 2022. All four units at the 1,332MW Ingula pumped storage facility will commission ...


Eastern NOC uses Dubai consultants to push Libya oil export deals

The Cyrenaica-based government of Prime Minister Abdullah Al-Thinni is continuing efforts to establish its own oil sales in the international market, and to prevent buyers from engaging with the Tripoli-based management of National Oil Corporation...

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Sonatrach attempts reform in face of political and cultural headwinds

The appointment of a new cadre of senior executives and the streamlining of Sonatrach’s top-level management structure is intended to focus the organisation on its core upstream and downstream activities, and in particular to reverse the declines...

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Zambia looks to diversify generation

With the Kariba dam only a quarter full and a generation shortfall of around 420MW at peak times – around 25% of total demand – the government is under pressure to tackle the country’s power crisis. Dora Siliya was appointed to the new post of...

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Buhari confirms Nigerian cabinet

Seven months after his election victory, President Muhammadu Buhari has confirmed the members of his first cabinet with some familiar names holding important ministries, and the number of portfolios cut from 42 to 36. As widely expected, Buhari has...

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Victoria Oil & Gas refocuses as Douala gas network expands

Victoria Oil & Gas (VOG) plans exploration drilling next year to supply a planned expansion of its Logbaba gas processing plant in Douala. The company appointed a new management team in 2013 after significant cost overruns and has been focusing...

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Financiers back sustainable projects, but mega-schemes remain problematic

The Infrastructure Consortium for Africa (ICA) reports that out of the four sectors it analyses – energy, transport, water, and information and communications technology (ICT) – transport operations attracted the most financial commitments...

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

Kenya’s Kinangop wind farm highlights land issues

Work at the $150m 60MW Kinangop wind farm remains on hold amid continuing tensions with the local community, with project sponsors accusing local political leaders of reneging on agreements. Despite the lifting of a court injunction halting the project, the project owners – Norway’s Norfund and South Africa’s African Infrastructure Investment Fund II, part of Old Mutual – say work ...

Issue 312 - 19 November 2015

Financiers back sustainable projects, but mega-schemes remain problematic

The Infrastructure Consortium for Africa (ICA) reports that out of the four sectors it analyses – energy, transport, water, and information and communications technology (ICT) – transport operations attracted the most financial commitments ($34.5bn) of any sector in 2014, taking all sources of finance into account. This was largely due to $17.6bn in national government budget allocations and the $8.4bn of investment certificates ...

Issue 312 - 19 November 2015

Zambia: Prequalification begins for 600MW solar power

The state Industrial Development Corporation (IDC) is requesting submissions from companies looking to prequalify for a programme to bring online at least 600MW of solar power in the country. The IDC is aiming to rapidly develop two 50MW solar photovoltaic projects as 25-year independent power projects, and plans to take a minority stake. Both projects are expected to be developed ...

Issue 310 - 6 November 2015

MCC agrees infrastructure grants totalling $676m

The US Millennium Challenge Corporation (MCC) has approved five-year compact agreements with Benin and Liberia, worth $375m and $257m respectively, and a $44.4m threshold agreement with Sierra Leone. The grant packages are intended to develop infrastructure in the three countries, with a focus on electricity in line with the MCC’s intention to invest $2bn in support of the Power ...

Issue 311 - 5 November 2015

Kosmos returns to Gulf of Guinea

Kosmos Energy has licensed blocks 6 and 11 in the São Tomé & Príncipe (STP) Exclusive Economic Zone and is waiting on the award of blocks LB-6 and LB-7 in Liberia, as it seeks low-cost new opportunities offshore West Africa. Block 11 was acquired from ERHC Energy, the others were unlicensed. Kosmos said the STP acquisition marked a strategic re-entry into the ...

Issue 311 - 5 November 2015

Libyan oil and gas investment plans frustrated by politics

The past four years have been a period of intense frustration for National Oil Corporation (NOC) and its international partners as persistent violence and political mayhem have cut oil production to one-quarter of the 1.6m b/d maximum and made it impossible to implement exploration and development plans. NOC’s inability to make progress on a practical level has not ...

Issue 310 - 22 October 2015

Nigeria: Former minister arrested in London

Former oil minister Diezani Alison-Madueke has been arrested and bailed in London as part of an investigation into suspected bribery and money-laundering offences. The UK National Crime Agency (NCA) said its recently formed International Corruption Unit had arrested five people across London on 2 October. “All five people arrested were released on conditional police bail later that evening, pending further investigation ...

Issue 309 - 8 October 2015

AfDB approves €121.5m for OMVG project

The African Development Bank (AfDB) has approved €121.5m ($137m) of financing for the €937.5m Gambia River Basin Organisation (OMVG) energy project. This aims to increase access to power to 20% (from 12% currently) in Guinea, 42% (35%) in Gambia, 65% (19%) in Guinea-Bissau and 75% (60%) in Senegal by 2020. The project consists of construction of the 128MW Sambangalou hydropower plant, and an interconnection network comprising 1,677km of 225kV ...

Issue 309 - 8 October 2015

DR Congo: New hydrocarbons law published

The government has published its long-awaited hydrocarbons law N° 15/012, setting out a simpler legal framework for the upstream oil and gas sector. No new licences have been awarded since 2010 while the new law was being drafted, and the process has been held up by disagreement between the national assembly and the senate. Under the new law, published on 1 August, exploration ...

Issue 308 - 24 September 2015

Nigeria: NNPC secures $1.2bn financing for Chevron JV

Nigerian National Petroleum Corporation (NNPC) has secured a $1.2bn multi-year financing package for 36 offshore and onshore oil wells to be drilled by the under the NNPC/Chevron joint venture. The package, financed by a consortium of Nigerian and international lenders led by Standard Chartered Bank and United Bank for Africa, will fund the development of 23 onshore and 13 offshore wells on ...

Issue 308 - 24 September 2015

Kenya: PPAs signed for 76MW of new generation

Kenya Power has signed power purchase agreements (PPAs) with two locally owned companies, Akiira Geothermal and Kleen Energy. Akiira will develop the 70MW Kajiado geothermal power plant and sell power to the utility at a price of 9.2c/kWh. The project is sited in the greater Olkaria geothermal area, 12km south of the existing Olkaria complex on a 120km2 prospect. ...

Issue 307 - 10 September 2015

Morocco: ONEE loses last vestige of power monopoly

The government has taken the final legislative step necessary for the dismantling of the monopoly on the sale of electric power formerly held by Office National de l’Electricité et de l’Eau Potable (ONEE). On 27 August, the cabinet approved amendments to the renewable energy law which originally entered into force in March 2010. Once it has been approved by parliament ...

Issue 307 - 10 September 2015

Egypt: Power sector reforms encourage hopes of future IPPs

The Egyptian government implemented encouraging energy sector reforms over the summer months including a further round of tariff increases and an electricity law setting out the first steps in the unbundling of the sector. Egypt’s reliance on gas-fired power generation as a short-term way of closing the gap between supply and demand looked foolhardy and expensive in June when ...

Issue 307 - 10 September 2015

World Bank seeks to jump start Nigeria’s power sector

The World Bank signed partial risk guarantee (PRG) agreements on 24 August for the ground-breaking 450MW Azura-Edo scheme, whose successful close is expected to pave the way for further independent power projects (IPPs). Financial close is expected in the next few months.“This is a very important project for us, not as a deal but as a demonstration of how the ...

Issue 307 - 10 September 2015

South Africa: Mainstream’s Noupoort wind farm breaks ground

Ireland’s Mainstream Renewable Power has announced that ground-breaking has taken place at its 80MW Noupoort wind farm in the Northern Cape. The project, in Umsobomvu municipality, is scheduled to begin commercial operation by mid-2016. Noupoort is expected to produce around 305,000MWh/yr of power. Turbines are being supplied by Siemens Wind Power and the 99-metre-high towers will be the ...

Issue 306 - 7 August 2015

Masen launches next generation of Moroccan solar IPPs

Having reported that construction of its first solar unit at Ouarzazate, Noor I, developed by a group headed by Riyadh-based Acwa Power, has been brought in 30% under budget, Moroccan Agency for Solar Energy (Masen) is looking at a range of other projects and investments, including a major industrial development investment with France’s Alcen group.As well as expecting to ...

Issue 306 - 7 August 2015

Addis summit raises development hopes

The 13-16 July third International Conference on Financing for Development (FfD3) in Addis Ababa was a critical step towards ending poverty and achieving universal food security, UN secretary-general Ban Ki-moon said, while European Investment Bank president Werner Hoyer said it contributed toward a renewed architecture for sustainable development.FfD3 committed to a social compact to protect vulnerable populations, with national ...

Issue 305 - 23 July 2015

Cameroon: Golar and Perenco agree terms for floating LNG scheme

Golar LNG has agreed commercial terms and conditions with Perenco and state oil company Société Nationale des Hydrocarbures (SNH) for a floating liquefied natural gas export project. The Bermuda-registered company announced on 24 December that it had signed a heads of agreement with SNH and Perenco. Golar said the tolling agreement which defines the material commercial terms and conditions for ...

Issue 304 - 9 July 2015

Namibia: NamPower fast-tracks renewable IPPs

Namibia Power Corporation (NamPower) has finalised bid documents and framework power purchase agreements (PPAs) for the installation of a target 70MW of biomass, wind and solar photovoltaic power, to be installed under the Renewable Energy Feed-In Tariff Programme (ReFit). It plans to tender soon for another 30MW of renewable generation capacity.The ReFit programme is promoted by the Ministry of ...

Issue 303 - 25 June 2015

South Africa: PetroSA suspensions

Two executives at state oil company PetroSA are resisting efforts to send them on enforced leave while the board of directors investigates their performance. Acting vice-president of upstream operations Andrew Dippenaar has stepped aside, but chief executive Nosizwe Nokwe-Macamo and chief financial officer Lindiwe Mthimunye-Bakoro have refused and threatened legal action.The board said the forced leave related to their ...

Issue 302 - 11 June 2015

$1trn a year needed to meet SE4All’s ambitious electricity access targets

The second Sustainable Energy for All forum (SE4All) in New York on 18-21 May heard that rapid global population growth threatens to outstrip increases in energy access and will require much more investment if ambitious plans to provide clean, affordable and reliable energy to all by 2030 are to be met. A reassessment by SE4All has determined that $1-2...

Issue 301 - 28 May 2015

World Bank approves $200m loan for OMVG interconnection

A major piece in the West African Power Pool (WAPP) jigsaw came closer to fruition on 29 April when the World Bank board approved a $200m International Development Agency (IDA) credit facility for the Gambia River Basin Development Organisation (OMVG) interconnection project. The World Bank sees the $711m project as the ‘missing link’ in creating a transmission backbone for the WAPP. ...

Issue 300 - 14 May 2015

Cameroon: Logbaba power plant starts up

The Logbaba power plant has begun delivering 30MW to the grid, fuelled by gas from Victoria Oil & Gas (VOG) subsidiary Gaz du Cameroun. VOG said on 23 April it had begun gas supply to the plant following the installation of gas-fired electricity generators by Altaaqa Global. GDC’s gas is also supplying the 20MW Bassa plant, which started up in March, ...

Issue 299 - 30 April 2015

Equatorial Guinea: ExxonMobil signs for Block EG-06

The Ministry of Mines, Industry and Energy and GEPetrol have signed a production-sharing contract (PSC) with ExxonMobil for Block EG-06, offshore Bioko Island, after lengthy negotiations. Block EG-06 lies immediately to the north of Ophir Energy’s Block R and adjacent to the border with Nigeria. It comprises the area formerly covered by blocks D-8, D-9, C-9, C-10 (part), C-11 (...

Issue 298 - 17 April 2015

Nigeria votes for change but Buhari faces tough times ahead

The close presidential election anticipated as Nigerians went to the polls on 28 March ended in victory for the All Progressives Congress (APC) candidate, retired major-general Muhammadu Buhari, in a process many observers praised as free and fair. As African Energy went to press, it seemed likely that APC gubernatorial candidates would emerge largely triumphant from the 11 April elections to control ...

Issue 298 - 16 April 2015

Oil traders unmoved by Libyan bid to set up eastern NOC

A renewed attempt by the democratically legitimate Tobruk-based government led by Abdullah Al-Thinni to claim control over National Oil Corporation (NOC) operations and international marketing of crude exports has had little effect. Despite Thinni’s official decree on 17 March informing all contracted parties that the eastern headquarters of NOC set up under chairman Mabrouk Bouseif is “the only legitimate channel ...

Issue 297 - 27 March 2015

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Scam African Energy job notices

A scam is circulating in East Africa claiming that African Energy is offering jobs in the region.

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Namibia Oil and Gas Map

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Ghana's oil and gas infrastructure map

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Hydrocarbons infrastructure in the Niger Delta

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Zambia's power sector infrastructure

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African Energy View

Financiers back sustainable projects, but mega-schemes remain problematic

The Infrastructure Consortium for Africa’s annual report points to positive trends in financing for energy and other...

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Ethiopia looks to infrastructure to cement new regional order

Having emerged from its elections in May – the first since the death of prime minister Meles Zenawi, who dominated its...

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The Chinese are down, but certainly not out of Africa

The Chinese leadership was shaken when market indices plunged after President Xi Jinping’s team failed to shore up an...

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1-2 December

Global African Investment Summit 2015, London

3-4 December

Powering Africa: Tanzania, Tanzania

7-9 December

10th Annual North Africa Oil & Gas Summit 2015, Algeria

7-8 December

3rd Annual North Africa Downstream Summit 2015, Algeria

25-26 January

Middle East and North Africa Energy 2016, London

27-29 January

Powering Africa: Summit, Washington, D.C.

28 January

Rovuma Basin Market Briefing 2016, Mozambique

15-16 February

Tanzania Oil and Gas Law Market Briefing 2016, Tanzania

16-18 February

Egypt Energy Investment Summit

8-9 March

2nd National Forum Gabon Oil and Gas 2016

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