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Independents Afentra and Serinus emerged as the main overseas winners from Angola’s latest 12-block licensing round, after being named as preferred bidders for onshore blocks in the Lower Congo and Kwanza basins.

Angola
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Project bulletin

Construction is expected to start at the planned Sherbro Island power plant this year, with the involvement of Hollywood actor Idris Elba adding a sprinkling of stardust to Sierra Leone’s first wind development.

Sierra Leone
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Ore feed has resumed at the Langer Heinrich uranium plant, with commercial production expected in near term after operator ASX-listed Paladin Energy raised $150m of new debt.

Namibia
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South African state electricity utility Eskom has said a 10% curtailment exercise will unlock almost 3.5GW of transmission capacity for wind power generation in Eastern Cape and Western Cape provinces.

South Africa
Issue 499 - 30 January 2024

Djibouti secures $90m for fuel imports

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Financing from Saudi-based International Islamic Trade Finance Corporation is part of a $600m three-year deal signed in May 2023 and will pay for imports of petroleum products needed for electricity generation.

Djibouti
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Trafigura subsidiary Puma Energy said it had snapped up a minority stake in South African renewable energy company MBHE Group.

South Africa
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Project bulletin

Food and animal feed producer Unga Group is close to finishing the installation of 3MW solar PV capacity at five manufacturing across the country.

Kenya
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Toronto Stock Exchange-listed Africa Oil Corporation has received official approval to acquire a 6.25% interest in offshore Block 3B/4B from Eco, taking its total holding in the Orange Basin acreage to 26.25%. A drilling campaign is being planned for the area, where Africa Oil is looking to farm-out a share.

South Africa
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South Africa-headquartered Sustainable Power Solutions, Namibian property developer Fortitude and the Oelofse family are collaborating to develop a solar PV plant at Maxwell farm to supply electricity to B2Gold’s Otjikoto mine via a wheeling deal with NamPower.

Namibia
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Since 2018, Africa has seen a downward trend in annual net power generation capacity additions. Of the 4.5GW added in 2023, 1.4GW came from hydroelectric power.

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Data trend

Despite a 14GW announced pipeline of new power generation projects, 2023 was marked by the lowest amount of new-build capacity being added to the continent’s grid since 2018, according to new analysis from African Energy Live Data. Hydroelectric and solar additions came out on top, while gas-to-power schemes continued to disappoint as delays and unrealised projects clog up the project pipeline.

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The issue leads with a focus on the potential for nuclear power across the continent. Huge capital costs pose daunting obstacles to the several African countries considering nuclear power but a new generation of small reactors, while not yet commercially viable, may offer a solution for some to add significant capacity. African Energy also examines the momentum gathering behind the e-mobility industry. In the likes of Kenya and Benin battery-powered buses, motorbikes and industrial vehicles could have a radical impact on urban environments but in many jurisdictions the lack of capital, infrastructure and policy support and the high cost of vehicles are holding back what could be a revolution. Power coverage leads with the progress being made at regional power pools, which are critical if the African Union’s Continental Master Plan (CMP) is to achieve its vision of a fully interconnected African power grid. The CMP is the focus of this issue’s African Energy View article. African Energy has examined the first data that has emerged from the third development phase of the African Union’s Continental Master Plan and found much to applaud, even though targets for investment and the installation of new generation capacity by 2040 remain far out of reach for many countries. African Energy also examines South Africa's latest Integrated Resource Plan, which advocates the longer-term use of coal-fired power plants and reduces renewables’ role in the overall energy mix The Live Data section focuses on a review of the power generation sector in 2023, with the latest data showing the year saw the lowest amount of newly built power since 2018. Oil and gas coverage leads with Gabon where the new government’s decision to step in to recommend the state-owned Gabon Oil Company acquires local player Assala Energy sidelines French independent Maurel & Prom, which had expected to buy the business in the last days of the Bongo administration. African Energy also reports on Shell's move to sell its subsidiary SPDC, with the onshore and shallow-water operator going to a consortium of local companies allied to industry veteran Samuel Dossou-Aworet. Additional upstream coverage includes an update from Namibia, where Galp has made a ‘significant’ Orange Basin find. Finance and policy coverage leads with a look at Nigeria, where disbursement of the first tranche of Afreximbank’s $3.3bn crude-for-finance deal will help to ease Abuja’s immediate financial difficulties.

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Updated January 2024, this map provides a detailed overview of the hydrocarbons sector in Namibia. The map shows blocks that are open, under application, under review and licensed. Licensed blocks are shaded to show reconnaissance, exploration and production acreage. Block operators and oil and gas fields are marked, with basin boundaries and names shown. The map also illustrates associated mid- and downstream infrastructure such as pipelines, tanker terminals, refineries and LNG facilities. An inset provides a more detailed view of the blocks and discoveries in the Orange sub-basin. The map is available as a PDF file using eps graphics, meaning that there is no loss of resolution as the file is enlarged.

Namibia
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Shell’s creation in 1907, as a rival to American behemoth Standard Oil, produced an Anglo-Dutch company looking for global reach. Its presence in Nigeria dates back to 1936, when Shell D’Arcy was established, which was followed by a joint venture with another major, BP’s precursor company.

Nigeria
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While TotalEnergies and partner QatarEnergy have deepened their exposure to the highly prospective Venus play, Galp Energia has announced a light oil discovery its nearby Mopane-1X offshore exploration well – adding to the industry excitement around Namibia’s offshore prospects.

Namibia