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Rising concern that the government will use its revised mining law to obtain a bigger yield from investors on existing projects has been reflected in comments by AngloGold executive Gary Davies, who told Reuters that “those contracts should be honoured because they’ve made an investment for the long term”.

Tanzania
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Belgium’s Elicio and local partner Kenwind Holdings signed a 20-year power purchase agreement on 31 January for a 90MW wind project at Mpeketoni, in Lamu County. The Bahari Wind Limited project company will build, own, operate and maintain the $180m project, which will consist of 22 turbines. Construction is expected to start in 2022, once financing has been secured. The project was initially planned to be developed by Electrawinds and IFC InfaVentures, which signed a cooperation agreement in June 2013.

Kenya
Issue 276 - 03 May 2014

Senegal: Karim Wade to face trial

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Karim Wade, son of former president Abdoulaye Wade, is to go on trial in June on charges of corruption. Karim, a former minister for international co-operation, infrastructure, air transport and energy, was accused in 2013 of amassing a personal fortune of some $1.4bn, accumulated while his father was in office between 2000 and 2012. He has been in prison on remand for over a year. Abdoulaye Wade, who went into self-imposed exile after his 2012 election defeat, arrived in Senegal on 25 April after two years in Versailles, to show support for his son, and to campaign in upcoming local elections on behalf of his Parti Démocratique Sénégalais.

Senegal
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The Ministry of Natural Resources and Energy (MNRE) and the Swaziland Electricity Company (SEC) are planning for the future after the expiry of a 25-year supply contract with South Africa’s Eskom in 2025. SEC is planning up to 495MW of new capacity by then, in line with the 2014-22 Sustainable Energy For All Country Action Plan, whose total cost is estimated at $1.86bn. The current drought means most of hydropower plants are operating below their capacity and the country is relying on Eskom for 80% of its needs.

eSwatini (Swaziland)
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The official launch of the $850m Western Corridor Gas Infrastructure Development Project is now scheduled for October, once the overhaul of the Aboadze thermal plant is complete. The state Ghana National Gas Company (GNGC) is overseeing development and implementation of the three main aspects of the project: a processing plant in Atuabo, an offshore pipeline from the Jubilee field to Atuabo, and an onshore pipeline to transport processed gas from Atuabo to Aboadze. According to GNGC officials, the infrastructure is virtually complete. An official told African Energy that repairs to a 14km free span, where the gas pipeline is not fully supported on the sea bed because of an uneven surface, were completed on 18 July after several weeks of non-stop work.

Ghana
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Having suddenly declared force majeure in Guinea, nearly six months after the US Department of Justice launched a corruption probe into its partner Hyperdynamics, Tullow is playing up its transparency credentials. Its annual report published on 24 March includes project-by-project reporting of payments, making it the first oil company to disclose such detail in every country in which it operates. The significance of this is huge. The American Petroleum Institute (API) in September 2012 sued the US Securities and Exchange Commission in an attempt to avoid disclosing project-level payments, and API members are lobbying against tougher reporting standards in the EU and elsewhere.

Guinea
Issue 300 - 15 May 2015

Afren: New CEO, bond default

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Afren has named former Roc Oil chief executive Alan Linn as its new chief executive. Linn takes over from senior independent director Toby Hayward, who has been acting as interim chief executive. Roc was taken over last year by Fosun International subsidiary Transcendent Resources. On 30 April, Afren announced a pre-tax loss of $1.955bn for 2014, compared to a $140m profit in 2013, and the company warned on 11 May that it would miss the interest payment on its 2019 bonds as talks continue on a restructuring agreement with lenders.

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Prime Minister Ahmed Ouyahia’s government is expected to revise the hydrocarbons law, which was passed in 2005 (Law 05-07) as a liberal document drawn up by then energy minister Chakib Khelil, but was then revised to take on a much more nationalist tone. Another revision, in 2013, disappointed international oil companies (IOCs) looking for more reasons to invest in Algeria, where IOC participation is restricted to 49% of a project’s equity and other terms are seen to strongly favour the government.

Algeria
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Cameroon is looking to a potential single train LNG project if it can gather sufficient natural gas in a new national system, officials told African Energy.

Cameroon
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As well as developing the regulatory and legislative environment, the government has produced significant planning documents to guide developments in the power sector. The overarching strategy is laid out in the 207-page Angola Energia 2025, which includes demand planning, priority generation, transmission and distribution projects, energy mix scenarios and a resource atlas. Medium-term strategy is guided by the 2018-2022 Action Plan for the Energy and Water Sector.

Angola
Issue 285 - 26 September 2014

Niger Delta E&P plans $450m equity offer

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Niger Delta Exploration & Production (NDEP) plans to raise $450m through a share offer, CEO Layi Fatona told the company’s annual general meeting in Lagos on 19 September. The first tranche of $200m is expected to be raised by year-end from either local or international markets and will fund the acquisition and development of oil fields in Nigeria. There is no date set on when the remaining $250m will be sought, but it could be used to fund the company’s possible entrance into South Sudan and Zambia, he said. FBN Capital and Chapel Hill Denham have been appointed as financial advisors.

Nigeria
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As it seeks a greater yield from its gas resources, Equatorial Guinea has succeeded in its long-running efforts to secure a better deal from one of its major partners, BG Group, which is buying all the gas from EGLNG Train One

Egypt
Issue 143 - 19 July 2008

MWH wins Bujagali services contract

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US environmental engineering and consultancy company MWH has been awarded a contract to provide engineering services for the Bujagali power project (AE 141/9). Working for the project sponsors, Kenya-based, Aga Khan-owned Industrial Promotion Services (IPS) and Sithe Global Power of the United States, who jointly own the development rights.

Uganda
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Algeria’s Sonelgaz is looking at options for financing its investment programme after recording only a token profit last year.

Algeria
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Abuja-based investment holding company One National Energy Platform Ltd has signed a memorandum of understanding with the government for a 500MW coal power plant in Enugu State, the latest in a series of provisional agreements and generation licences issued to developers as part of a US-backed free market model for power sector development in Nigeria.The company told African Energy it expected to reach financial close for the project very shortly. Negotiations on engineering, procurement and construction and operations and maintenance contracts were under way, with signing expected “very soon”.

Nigeria