Issue 491 PDF: Power cuts point to failures in Egypt’s energy strategy

African Energy Issue 491 cover
Issue 491 - 22 Sep 2023

The issue leads with Egypt, where severe rolling power outages throughout the summer have left many wondering how the electricity supply industry (ESI) could fail, given the state has spent billions of dollars commissioning sufficient generation capacity for a reserve margin that is approximately double the peak load.

African Energy focuses on DR Congo where the are pockets of progress – with commercial operators and development finance institutions supporting a range of projects – but the environment remains challenging with an uncertain election looming in December.

African Energy also looks at the implications of the trial of two former senior Lundin Energy executives – accused of complicity in war crimes in Sudan two decades ago – which began in Stockholm in early September.

Power coverage leads with Kenya where the  AfDB and Korea Eximbank have agreed to provide finance for the national electricity grid system and resolve transmission gaps. There is also an update on South Africa, where trading and import/export licences have now been granted for the new National Transmission Company of South Africa (NTCSA).

Oil and gas coverage leads with Equatorial Guinea, which is seeing more dynamism in its upstream oil and gas sector, with independents planning drilling programmes across a number of blocks.

The African Energy View reflects on the Grand Ethiopian Renaissance Dam (Gerd), where filling was completed in mid-September. The Abiy government believes power now available could enable a wave of economic development in heavily-indebted Ethiopia, but investors will be wary of continued conflict.

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