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Issue 420
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Namibia: Electricity production up in Q1 following rainfall

Electricity production increased substantially in Q1 after good rainfall allowed increased output from the 347MW Ruacana hydropower plant, according to the Bank of Namibia quarterly bulletin. Production was 81.9% higher than in Q1 2019 at 778.2GWh and 181% higher than in Q4...

Namibia
Issue 420
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Mozambique: Total secures Africa’s biggest project financing

Total on 17 July announced the signing of a $14.9bn senior debt financing agreement for Mozambique’s first onshore LNG development. The project financing for the $20bn development is the biggest ever secured in Africa and includes direct and covered loans from eight export...

Mozambique
Issue 420
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Kenya: Outcry over tax on green energy equipment

A move to charge value-added tax (VAT) at 14% on off-grid solar, wind and hydro energy generation equipment and on clean cookstoves with effect from 1 July has caused an outcry from the green energy industry. Bodies including the Africa Minigrid Developers Association (AMDA...

Kenya
Issue 420
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Guinea: InfraCo Africa invests in Bumbuna II

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), announced on 20 July that it had signed an agreement with Joule Africa to invest $6m in the 143MW Bumbuna II hydropower project. The funding is part of a package designed to push the project to...

Guinea
Issue 420
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Guinea: Ecowas Court orders payout for K Energie

In the latest round in a long-running legal saga over a private power supplier contracted by Electricité de Guinée (EDG), the Abuja-based Ecowas Court of Justice has ordered the Guinean government to pay $47.5m in compensation to K Energie SA for violation of the company’s...

Guinea
Issue 420
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Ethiopia: Danske Bank agrees loan for wind project

Denmark’s Danske Bank signed a loan agreement worth €117m ($128m) in June for the 100MW Assela wind project. The agreement is awaiting approval by Ethiopia’s parliament. Assela is backed by Denmark’s Ministry of Development Cooperation through Danish International...

Ethiopia
Issue 420
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Egypt: SDX sells NW Gemsa stake for $3m

SDX Energy said on 14 July it had sold its 50% stake in the North West Gemsa licence in the Eastern Desert to Egypt’s Gulf Energy for $3m. Of the total, $1.4m has been used to clear SDX’s remaining liabilities on the licence. SDX said the net $1.6m proceeds exceeded its...

Egypt
Issue 420
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Egypt: Domestic gas market reforms

The Petroleum Ministry is driving forward a broad agenda of energy sector market reforms in an attempt to respond to the economic storm created by the Covid-19 pandemic. A large part of the strategy hinges on the ability of the government to restructure the domestic market in...

Egypt
Issue 420
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Côte d’Ivoire: Consultancy sought for pilot hybrid project

State power utility CI-Energies is seeking a consultancy to provide project management services for the development of the first of four planned floating solar PV plants on existing hydropower reservoirs in conjunction with battery storage. Expressions of interest are...

Côte d’Ivoire

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