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Issue 348
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Zimbabwe tariff hike waits on audit results

Zimbabwe Energy Regulatory Authority (Zera) confirmed in early June that the beleaguered Zimbabwe Electricity Distribution Company (ZETDC) has applied for a tariff review for 2017, citing increases in the cost of power production. Zera acting chief executive Misheck...

Zimbabwe
Issue 348
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South Africa: Eskom chairman resigns as chaos intensifies

Public enterprises minister Lynne Brown announced late on 12 June that she had accepted the resignation of Baldwin ‘Ben’ Sipho Ngubane as chairman of Eskom. “I would like to thank Dr Ngubane for his contribution to turning Eskom around since the load-shedding days of 2014-15...

South Africa
Issue 348
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Namibia: Chariot to drill next year

AIM-listed Chariot Oil & Gas has identified five structural prospects on its central blocks 2312 & 2412A and is preparing for drilling in H2 2018. Chariot completed acquisition of 2,600km2 of 3D seismic in February 2016 targeting leads identified in the north-western...

Namibia
Issue 348
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Mozambique: FID for Coral South LNG

Eni and its partners announced a final investment decision on 1 June for the $8bn Coral South floating liquefied natural gas (FLNG) development offshore northern Mozambique.All the drilling, construction and installation contracts for the production facilities were signed at...

Mozambique
Issue 348
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Morocco says its integrated LNG/GTP mega-project remains on track

Following concerns that political indecision and potentially competing projects might significantly delay Morocco’s estimated $4.6bn integrated liquefied natural gas (LNG) and gas-to-power (GTP) scheme, further advisory contracts will be signed soon and key decisions are...

Morocco
Issue 348
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Libya’s NOC targets 1m barrels

Libya’s National Oil Corporation (NOC) has said it expects production to reach 1m b/d by mid-July, despite the massive political, financial and security challenges that threaten to impede its ability to function normally. The corporation is currently pumping an average of 830...

Libya
Issue 348
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Kenya: Oman Trading takes 40 percent in Hass Petroleum

Kenyan oil marketer Hass Petroleum Group has sold a 40% stake to Oman Trading International (OTI) as it seeks funds to boost its capital and strengthen its operations in east and central Africa. The transaction, the value of which was not disclosed, is subject to regulatory...

Kenya
Issue 348
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DR Congo: Inga 3 consortia asked to merge

Facing a range of problems surrounding their bids, the two remaining consortia looking to lead construction of the Inga 3 hydroelectric dam have been asked to merge, the Kinshasa-based Agency for the Development and Promotion of Grand Inga (ADPI-RDC) said on 13 June. The two...

DR Congo
Issue 348
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New facility seeks to fill liquidity gap for renewables IPPs

German development bank KfW and Nairobi-based African Trade Insurance (ATI) are launching the Regional Liquidity Support Facility (RLSF), a new instrument intended to support clean energy independent power producers (IPPs) in sub-Saharan Africa by helping them to maintain...

Africa

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