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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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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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The Armed Forces of Democratic Republic of Congo (FARDC) co-ordinator of military operations in North Kivu, Lieutenant General Fall Sikabwe on 16 January announced the launch of joint operations with Southern African Development Community (SADC) forces in eastern DRC, mainly drawn from South Africa, Tanzania and Malawi. They will be targeting 23 March Movement (M23) rebels, who are widely believed to be backed by Rwanda.

DR Congo | Malawi | Rwanda | South Africa
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The government’s latest Integrated Resource Plan, issued in early January, provided further details of South Africa’s plans for 7.2GW of new gas-to-power capacity to replace ageing coal-fired units. LNG is central to making that happen and a contract to develop an import terminal in Richards Bay has been awarded to the Netherlands’ Vopak.

South Africa
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The latest version of the South African government’s Integrated Resource Plan, issued in early January and now open for public feedback, advocates the longer-term use of coal-fired power plants and reduces renewables’ role in the overall energy mix, prompting a strong reaction from industry observers, as critics claim it will set back the energy transition, writes Tonderayi Mukeredzi.

South Africa
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London AIM-listed Chariot and the local H1 Holdings have bought out their erstwhile partner Neura Group to take full ownership of South African electricity trading company Etana Energy, at a price of up to $5.2m.

South Africa
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It is unlikely electric cars will come to dominate African roads for decades, but in the likes of Kenya and Benin battery-powered buses, motorbikes and industrial vehicles could have a radical impact on urban environments and commercial operations. Investors are lining up to support e-mobility projects in the most attractive markets, 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, write Tonderayi Mukeredzi and Jon Marks.

Kenya | DR Congo | Benin | Nigeria | Uganda | Tanzania | Togo | South Africa
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French utility Engie has concluded the purchase of BTE Renewables’ South African assets from private equity investor Actis, six months after the deal was announced. It is the second significant South Africa development for Engie in recent weeks, following financial close on the Grootspruit and Graspan solar PV plants on 30 November.

South Africa
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National Energy Regulator of South Africa’s approval of an electricity trading licence for the ambitious Anglo-American/EDF joint venture Envusa Energy highlights the growing role of traders in the electricity supply market.

South Africa
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Project bulletin

Saudi developer Acwa Power has signed a power purchase agreement for its Dao hybrid project under South Africa’s long-delayed risk mitigation independent power producer procurement (RMIPPP) programme.

South Africa
Issue 497 - 17 December 2023

COP28: Limited support for African JETPs

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To keep South Africa’s faltering flagship Just Energy Transition Programme (JETP) on the road, the African Development Bank (AfDB) and United Kingdom government approved a $1bn guarantee to allow the bank to increase its lending capacity to the programme.

South Africa
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Electricity minister Kgosientsho Ramokgopa has jump-started dormant plans to build South Africa’s first new nuclear capacity since 1985, with an international tender to be issued in March, writes Marc Howard.

South Africa
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Mining and metals group Sibanye-Stillwater has reached financial close on two renewable energy projects that will provide power to its operations via a wheeling agreement with state-owned utility Eskom.

South Africa
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The COP28 climate talks in Dubai ended on a more positive note than many had thought possible, but for all the talk of eventually phasing out fossil fuels, multi-billions of dollars-worth of climate finance and operationalising the long-awaited Loss and Damage Fund, the crowds who descended on Dubai left with much to do and huge financial shortfalls to make up.

Senegal | South Africa
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South Africa’s operational nuclear capacity, the Koeberg pressurised water reactor (PWR) on the Atlantic coast north of Cape Town, is in the process of being rehabilitated and upgraded to extend its operational life to 2045. Eskom has confirmed that work has started on the maintenance, refuelling and replacement of the plant's Unit II steam generators.  

South Africa