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Issue 374
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Zimbabwe: Co-investors sought for solar PV projects

Two solar photovoltaic (PV) projects totalling 250MW in Zimbabwe have been advertised for sale through the Andorra-based renewable energy consultancy VERD QI. Co-developers are sought for a 150MW PV project under development in Matabeleland North Province and for a 100MW...

Zimbabwe
Issue 374
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Zambia: CEC sale falls through

The acquisition of Copperbelt Energy Corporation (CEC) by the UK’s CDC Group and investment fund AP Møller Capital has collapsed after conditions could not be met within the regulatory timeframe. The pair had offered $380m for the company, which is listed on the Lusaka Stock...

Zambia
Issue 374
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Zambia: AfDB approves $50m for Get FiT projects

The board of the African Development Bank (AfDB) has approved a $50m framework financing for projects with combined capacity of around 100MW selected through the Global Energy Transfer Feed-in Tariff (Get FiT) programme. The financing will mainly target solar projects, which...

Zambia
Issue 374
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Uganda: Wind assessment services tender

The Ministry of Energy and Mineral Development is set to launch bidding in August for consulting services for its Wind Resource Map and Pilot Wind Power Development Programme. The programme, to be financed with a project preparation grant from the Strategic Climate Fund,...

Uganda
Issue 374
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Tunisia: Ansaldo launches Mornaguia construction

Société Tunisienne de l’Electricité et du Gaz (Steg) and Italy’s Ansaldo Energia on 17 July launched the construction of the 625MW Mornaguia open-cycle gas turbine power plant south-west of Tunis. The construction contract was signed by the two companies in April.

Tunisia
Issue 374
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South Africa: Acwa Power to develop Redstone CSP

Saudi Arabia’s Acwa Power and South Africa’s Central Energy Fund have signed an agreement to co-invest in renewable energy projects starting with the 100MW Redstone concentrated solar power (CSP) plant in Northern Cape Province. The agreement was signed during a visit to...

South Africa
Issue 374
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South Sudan: China Oil displaces Unipec in Dar Blend marketing

China Oil has displaced Unipec as the dominant marketer of South Sudan’s Dar Blend crude, lifting cargoes in all but two months of 2018. China Oil has been contracted to lift 9.2m bbls of crude so far this year, almost a third of the country’s 29.6m-bbl production, and 43% of...

South Sudan
Issue 374
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South Africa: Financial reality at Eskom laid bare in annual report

Eskom’s 2017-18 annual report makes unsurprisingly gloomy reading, with the utility fighting to control costs and increase revenue. The announcement of a R2.3bn ($173m) loss and a qualified audit on 23 July came amid a stand-off with unions over pay and the possibility of job...

South Africa
Issue 374
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Regional: Sovereign borrowing attracts funds despite debt concerns

Lenders have appetite for Africa’s more attractive sovereign credits, including fashionable francophone markets Côte d’Ivoire and Senegal. When in March Senegal raised $2.2bn in a eurobond issue, its Ministry of Finance received $10.3bn-worth of orders for the euro/dollar-...

Africa

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