Issue 501 PDF: In rare good news, Nigeria inaugurates first utility-scale IPP in six years


African Enegry, Issue 501 cover
Issue 501 - 04 Mar 2024

The issue leads with Nigeria, where commissioning of the Aba gas-to-power plant adds sorely-needed on-grid capacity. The Tinubu government is pushing on with efforts to repay debts owed to IPPs, although some question where the money will come from.

African Energy looks at Nigeria's economic woes with the consequences of President Tinubu’s reforms causing immense difficulties for a majority of Nigeria's estimated 226m population, as the price of staples soars.

The issue also focuses on green hydrogen with a lead article on Egypt, where, if schemes can be proved bankable, tens of billions of dollars of investment could transform the country's economic prospects.  

Power sector coverage leads with Namibia, where industry sources have told African Energy the authorities have drastically downsized the amount of power allowed for export, making export-oriented IPP plants economically unviable.

Upstream coverage leads with Morocco, where Energean is eying accelerated development for its
offshore Lixus gas play.

Transition minerals coverage focuses on Guinea where the country's two main bauxite producers are both advancing plans to build 1m t/yr alumina refineries in Boké, which could add gigawatts to electricity demand and may require significant LNG imports.

African Energy also examines Guinean politics, where embattled interim President Colonel Mamady Doumbouya leader has dismissed the government amid opposition manoeuvres.

A new Risk Management Report focuses on Kenya. President Ruto's government has secured $1.65bn from a dollar eurobond, allowing Nairobi to avert the threat of default on its big repayment due in June but the economy remains fragile, while the electricity supply industry is in need of a significantly improved performance.

The African Energy View examines the prospects for Namibian politics following the death of President Hage Geingob.

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