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EDF subsidiary Production Energie Insulaire (PEI) has completed the conversion of the utility’s 211MW Port Est plant to run solely on biomass. Réunion’s second biomass-only plant advances the French overseas territory’s 2030 renewables goal.

Paris-headquartered independent power producer (IPP) Albioma has completed the conversion of its Bois Rouge plant to run solely on biomass.

The French overseas territory of Réunion – 175km south-west of Mauritius and 680km east of Madagascar – is investing heavily in renewable energy.

Aggreko has been awarded a contract by Electricité de France subsidiary EDF La Réunion to help support conversion of the coal-fired Bois-Rouge power plant on Réunion island to 100% biomass. Aggreko said the conversion would lower direct emissions by 84% compared to the plant’s current operating levels.

The Republic of Maldives is raising a debut sovereign sukuk (Islamic bond), marking its entry into the Sharia-compliant market. The $200m five-year senior unsecured rule 144A/Reg S sukuk – rated B3 by Moody’s Investors Service – carries a 9.875% semi-annual coupon.

Engen Holdings is selling assets in ten countries outside South Africa to Vivo Energy Holding in a share transaction whose value was not disclosed. The deal will add nine new countries and more than 300 Engen-branded service stations to the Vivo network, taking Vivo Energy’s total presence to over 2,100 service stations across 24 African markets. The new markets for Vivo Energy included in the transaction are Democratic Republic of Congo, Zimbabwe, Réunion, Zambia, Gabon, Rwanda, Mozambique, Tanzania and Malawi.

The European Investment Bank board has approved an E8m ($10.7m) loan to the Omnicane ethanol distillery at La Baraque in the south of the island. The loan represents about a quarter of the project’s estimated E23m total cost. The plant, which began operations in April 2014, has a total production capacity of 25m litres/yr of hydrous ethanol, using 90,000 tonnes of molasses, with half sourced from La Baraque’s estate and the rest from other sugar factories in the island. The complex is designed to produce 72,000 tonnes of liquid fertilisers from the vinasse waste generated by the production of ethanol with the addition of urea and phosphoric acid.

South Africa-based Engen Petroleum formally acquired Chevron’s interests in Tanzania on 1 February, under one of seven agreements to take over downstream interests in sub-Saharan Africa and the Indian Ocean Islands.

South African marketer Engen Petroleum Limited has signed share purchase agreements for Chevron’s downstream interests in seven countries in sub-Saharan Africa and the Indian Ocean.

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