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Engie Equatorial, a joint venture of Engie Energy Access and central African off-grid power company Equatorial Power, has inaugurated a 600kWp mini-grid on Lolwe island on Lake Victoria. The grid will provide power to more than 3,000 households and 700 businesses.
Issue 453 - 17 January 2022
The African Development Bank (AfDB) announced on 29 June that South Korea’s Ministry of Economy and Finance (MoEF) and the Export-Import Bank of Korea had signed an agreement to provide $600m to co-finance energy projects in Africa. It adds to the glut of funds targeting the African power sector, but oversupply of donor money – or undersupply of projects – is driving interest rates down and causing concern amongst financiers.
Issue 442 - 08 July 2021
Politics, Power, Finance, Renewables, Off-grid
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