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Subscriber

The power-sharing agreement between President Mwai Kibaki and his new Prime Minister Raila Odinga has been near universally applauded as a solution to the country’s post-election problems and is seen as the key to unblocking finance and projects (AE 132/20, 131/21, 130/1).

South Africa
Subscriber

Eskom was a key beneficiary of the flurry of contracts whose announcement accompanied President Nicolas Sarkozy’s state visit in February.

Kenya | South Africa
Issue 134 - 07 March 2008

Zesco seeks funds for hydro expansion

Subscriber

Zambia Electricity Supply Company (Zesco) has opened talks with international financial institutions including the World Bank, the African Development Bank and export credit agencies to raise an initial $600m to build and upgrade hydropower plants, including the 750MW Kafue Gorge Lower project.

Zambia | South Africa
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BOTSWANA: BPC seeks alternatives to Eskom supply; EGYPT: Lahmeyer gets consultancy order for Assiut HPP; ETHIOPIA: Gilgel Gibe 3 turbines out to bid; MOROCCO: EOIs sought for Abdelmoumen STEP; NIGERIA: Aqua Energy to build BOT hydro in Kano; SOUTH AFRICA: ABB wins $21m Eskom order

Botswana | Egypt | Nigeria | Ethiopia | Morocco | South Africa
Issue 134 - 07 March 2008

Concern at rand volatility

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Currency volatility is adding to concerns about the economy’s ability to weather the power supply crisis, according to bankers canvassed by African Energy (AE 133/24, 132/1)

South Africa
Free

If pessimists are right, it may come to be seen as a balmy period when the strong macroeconomic figures registered by a majority of economies, and the upturn in investor interest from fixed income assets to downstream hydrocarbons mega-projects, suggested that economic positives could now outweigh the perennial political risk factors when assessing African business – the trend recorded by African Energy in 2006-07 (AE 129/22, 120/1).

Kenya | South Africa
Issue 133 - 22 February 2008

Investors sought for 3,000MW

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Eskom has invited proposals from private investors to develop up to 3,000MW of new power generation capacity by June 2012. The beleaguered utility said that the new capacity was required to help meet growing demand until the commissioning of its Medupi and Bravo coal-fired plants, as well as a planned nuclear reactor, which are expected to enter service between 2013 and 2017 (AE 132/1).

South Africa
Free

South Africa and the wider Southern African Power Pool (SAPP) region were plunged into chronic power cuts this winter because ultimately the numbers didn’t add up: with reserve margins (the gap between useable installed capacity and demand) withering to dangerously low levels, rains in January further reduced the percentage of the 36,000MW generation capacity that Eskom could put into its grid. South Africa just didn’t have enough electricity – a grim reality that Eskom has been blaming the SA government for (because a decade ago it sought to break up its monopoly, unsuccessfully), and for which President Thabo Mbeki’s administration has made an unprecedented apology.

South Africa
Subscriber

Markets are warming to coal and other investments that can contribute to resolving southern Africa’s power crisis.

South Africa
Issue 133 - 22 February 2008

Profit and loss potential

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South Africa’s biggest engineering and construction group was widely expected to present strong H2 2007 results to the Johannesburg Stock Exchange on 27 February, with diluted headline earnings per share (HEPS) expected to show an increase of 50%-60% over the 135 cents recorded in H2 2006; full-year HEPS (to 30 June 2008) was also expected to grow by 50%-60%.

South Africa
Subscriber

Engineering consultancy Parsons Brinckerhoff is building up its southern Africa and mining industry personnel, seeing a substantial business opportunity from coal-to-power and other minerals-related projects in the electricity-starved region. In recent appointments that PB believes will help expand its already substantial sub-Sahara business, Gavin Young has moved from being Johnson Matthey plc’s South Africa managing director to head PB’s expanding Craighall, Johannesburg-based operation, while mining and nuclear specialist Nick Edmunds has come from 17 years with Wardell Armstrong as director of mining. Edmunds’ role, the company said, “will enable PB to marry its power generation business with a growing requirement for mining services.”

South Africa
Issue 133 - 22 February 2008

SA offensive on Lake Albert

Subscriber

Tullow Oil’s problems with the Kinshasa authorities over its acreage on the western side of Lake Albert have failed to deter other companies from seeking blocks there.

South Africa
Issue 132 - 08 February 2008

M&R wins Medupi, Bravo boiler contract

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The Hitachi group awarded South African construction and engineering group Murray & Roberts the boiler construction contract for Eskom’s planned Medupi and Bravo coal-fired power plants.

South Africa
Subscriber

South Africa’s urgent requirement for power supply, shared by many other African economies where sustained growth has added to energy demand, will produce a range of responses – some of them pushing SA’s usually financially conservative leaderships towards private financing solutions.

South Africa
Issue 132 - 08 February 2008

IPSA’s 1,600MW CCGT to supply Coega

Subscriber

UK-based developer IPSA Group Plc has signed a memorandum of co-operation with the South African government’s Central Energy Fund (CEF) to supply a power plant for the Coega Industrial Development Zone outside Port Elizabeth. The agreement clears IPSA to proceed with its project for a 1,600MW combined-cycle gas turbine generating facility at Coega,

South Africa