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Issue 131 - 25 January 2008

Indies add to major state players

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In addition to major state companies that have long been regarded as major Gulf investors abroad, such as Kuwait Foreign Petroleum Exploration Company (Kufpec), a number of Kuwait-based companies have been established in recent years with aspirations to become major E&P companies by investing in Africa and other emerging frontiers.

Egypt | Namibia | Sudan | Libya | Tanzania | Morocco | Tunisia
Subscriber

The Lake Turkana Wind Power (LTWP) consortium, which plans to generate 300MW from a site in north-west Kenya, is assessing expressions of interest from potential bidders to prequalify for the construction of a 428km 400kV double circuit line and four substations.

Kenya
Free

There may be strong economic arguments, as well as the ethical objections raised by campaigners, why development finance institutions (DFIs) should no longer focus on supporting extractives-led growth. A Chatham House research paper* asks whether such models of development are still appropriate as the global economy reduces its carbon dependency. Discussion of the paper at the Fossil Fuel Supply and Climate Policy conference in Oxford on 26-27 September tested the thesis made popular among DFIs during the long commodities boom that exploiting natural resources could end aid dependency and drive socio-economic development.

Subscriber

The country’s difficult electricity supply situation will see load-shedding over the next two months, deputy energy, mines and water Charles Mathias Zulu said in Dubai on 9 June. Zambia Electricity Supply Corporation (Zesco) is expected to reduce its output by 300MW in June and by the same amount in July, he said, cutting maximum generation capacity to around 1.6GW – insufficient to meet the projected 1.9GW peak. “So we will be experiencing load-shedding,” Zulu told the Africa Energy Forum (AEF).

Zambia
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South African freight and logistics provider Grindrod has announced plans to work with Zambia’s Northwest Rail Company (NWR) to build, operate and maintain a new 590km railway from Chingola in the heart of the old Zambian Copperbelt to the Angolan border. NWR is run by former Zambian vice-president Enoch Kavindele. The Zambian government granted the company the right to build and run the railway in July 2006, and the agreement with Grindrod will enable the parties to conclude a bankable feasibility study.

Zambia
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State oil company Petroci Holdings has opted to increase its paying interest in the Gazelle Field Exclusive Exploitation Area (EEA) operated by Australia’s Rialto Energy on CI-202. Petroci, which holds 15%, has announced it will back in for an additional 11%.

Côte d'Ivoire
Subscriber

Botswana could provide a model for privately and publicly financed energy business but the continent is still in need of a coherent strategy for speeding up projects and policy

Botswana
Issue 410 - 27 February 2020

Cameroon: Tower hopes to drill in June

Subscriber

AIM-listed Tower Resources is aiming to drill the Njom-3 well on the shallow-water Thali licence in the Rio del Rey Basin in June, while also pursuing farm-out talks. The company, which in January won a one-year extension of the licence (formerly known as Dissoni) to September 2020, said long-lead items for the well were already at its base in Douala. “Some testing equipment will still need to be mobilised prior to spudding the well, along with personnel, and so this intended date is still subject to change,” Tower said.

Cameroon
Subscriber

Coal Petroleum, a consortium of United Refineries Botswana (URB) and South African investment house Kumvest, has announced that it is developing a 20,000 b/d coal-to-liquids project in Francistown, to produce oil derivative products and fertiliser and generate up to 304MW of electricity for the power-starved grid. The giant project is expected to cost $4.2bn and be completed in three phases to 2020, eventually reaching 50,000 b/d. The plant will be developed as an independent power producer (IPP) but, as electricity will be produced using coal-derived gas, it will not be bid into the long-delayed coal IPP procurement process.

Botswana
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Nairobi-based waste-to-energy developer Asticom Kenya Ltd has announced that it intends to issue bid documents for preliminary work on the 10MW Kibera municipal solid waste project in Nairobi. The work is being funded by a project preparation grant from the African Development Bank-administered Sustainable Energy Fund for Africa.

Kenya
Subscriber

Royal Dutch Shell has signed a preliminary agreement to supply liquefied natural gas (LNG) to the Ghana 1000 gas-to-power project. A joint statement said project partners General Electric, Endeavor Energy, Eranove and Sage Petroleum had agreed a supply term sheet with Shell and entered into exclusive sale and purchase agreement negotiations for a long-term supply agreement. Ghana 1000 is an integrated gas-to-power project that will consist of 1,300MW to be delivered in two phases, a floating storage and regasification unit and related infrastructure.

Ghana
Issue 166 - 04 July 2009

CNPC builds new pipeline

Subscriber

China National Petroleum Corporation (CNPC) is building a 311km pipeline to carry crude from the Ronier and Mimosa fields in the Chari-Baguirmi region south of the capital to N’djamena’s new refinery.

Chad
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Gulf Of Guinea Commission meeting; China Development Bank opens Egypt office; Liberia EITI compliant; Botswana ONDD downgrade

Botswana | DR Congo | Angola | São Tomé & Príncipe | Nigeria | Liberia | Equatorial Guinea | Gabon
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Having lifted force majeure, BP has started preparations to resume exploration (AE 232/1). Algeria’s Sonatrach also plans to restart exploration soon.

Libya
Subscriber

Impact investment fund Vital Capital has acquired a 50% stake in the 35MW Orpower Twenty Two geothermal project at the Menengai complex, where financial close is expected in September this year. Vital Capital is already an investor alongside Orpower co-owner Symbion Power LLC in other ventures. The third owner of Orpower is Kenya’s Civicon.The fund’s owners acquired the stake after Israel’s Ormat Technologies gave notice of its intention to leave the project in mid-2018.

Kenya