Login
Oslo Börs-listed Artumas Group has retained DnB NOR Markets to help it work out ways to resolve its short-term financing problems (AE 159/4). Some $10m of convertible bonds fall due in June, and the Canadian company concedes that meeting the payments will pose a challenge in the present environment. The Oslo-based bank, part of Norway’s largest financial services group,
Songo Songo upstream operator Orca Exploration Group says it has had approval from Songas to increase the capacity of the plant processing gas from the field to 90m ft3/d from 70m ft3/d.
Frontier areas like East Africa and the smaller players exploring them are likely to see activity slow sharply this year as the funding crisis bites.
The government is hoping to attract $400m of donor finance for a transmission project to improve supply to Dodoma, Arusha, Moshi, Shingida, Shinyanga, Mwanza, Musoma and Tabora in north-west Tanzania.
Eni to fund transmission work; New turbine for Vridi plant; Nuwaiba turbine generator tender; First two turbines start up at Merowe; Tanesco seeks procurement advisor
FMC contract; Oil hopes from Sapetro drilling; Songa Saturn to transfer; FAR takes over; Mihambia well spuds
Tanzania Electricity Supply Company (Tanesco) has invited expressions of interest by 30 January from consultants to update a feasibility study of the proposed 222MW Rumakali hydropower project at the northern tip of Lake Malawi.
Steam turbines for Ein El Sokhna; Vattenfall Power Consultant wins WAPP contract; ADF funds Conakry power project; Morocco seeks bids for wind, solar, PV and hydro; Linklaters wins Mphanda Nkuwa contract; Sweco wins Maputo grid contract; ADF backs Kandadji; Consultants sought for first joint hydro project in Nile Basin, ESBI wins US consultancy work; Southern finds mean increased gas for Ste
President Jakaya Kikwete has formally inaugurated the 100MW Ubungo gas-fired plant (AE 148/7). He used the occasion to call on the Ministry of Energy and Minerals to speed the process of converting the Independent Power Tanzania Limited (IPTL) plant from diesel to natural gas (AE 110/2).
Dominion Oil & Gas has signed a rig contract with Maurel & Prom’s Caroil subsidiary to drill the Mihambia-1 well on the onshore Mandawa block. M&P has agreed to farm into Mandawa, taking a 50% stake in the block which lies just south of the French company’s Bigwa-Rufiji-Mafia block.
The government has sought expressions of interest from legal advisors for the 358MW Ruhudji hydro project on the Ruhudji River (AE 110/4).
ARTUMAS: Tanzania gives CNG export approval; FLEX LNG: Contracts line up
The UK’s Aminex plc is looking to fast-track development of its Kiliwani North (KN) gas discovery with a short-term solution until the nearby Songo-Songo gas field’s Songas facilities can be upgraded.
Southern Africa’s power crisis and chronic capacity shortages throughout the continent have consolidated the boom for short-term providers of generation in a host of sub-Saharan economies. With big profits to be made, the ‘interim solutions’ marketplace is getting fuller and more varied, writes François Misser.
Morocco’s Office National de l’Electricité and Algeria’s Sonelgaz signed two agreements; China signs financing accords for grid rehab; ONE calls for lights out, Gulf governments chip in; Mohammedia plant rehab; Portugal to fund clean energy; JBIC loan for Eskom; Kyocera donates solar systems to schools; : Consultant sought for Indian-funded Isimba HPP
