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Five more memoranda of understanding (MoUs) were signed in Rabat on 5 December, bringing more partners into the Nigeria-Morocco Gas Pipeline (NMGP) project.

A consortium of American and Japanese firms will carry out a feasibility study into the use of small modular reactor (SMR) nuclear power technology in Ghana.

Kosmos Energy reported progress on its core development projects in West Africa in a Q3 2022 results release on 7 November. The New York Stock Exchange- and London Stock Exchange-listed firm said it was advancing several gas opportunities, which it now believes will drive growth beyond 2024 as it continues to increase the weighting of natural gas in its traditionally crude-heavy portfolio.

Aksa Energy has renewed its power purchase agreement for the 370MW plant with the Electricity Company of Ghana (ECG) for a further 15 years.  Conversion from dual fuel to natural gas has begun and will continue at a brisk pace says chief executive Cemil Kazancı.

The Economic Community of West African States Bank for Investment and Development (Ebid) has approved a financing package totalling $250m to support the oil and gas, energy, agriculture and road sectors of five Ecowas member states. The state-owned Ghana Grid Company (Gridco) is among the recipients.

London AIM and Australian Stock Exchange-listed explorer Atlantic Lithium said on 13 October that it had submitted its licence application for the Ewoyaa project on the Cape Coast, which is expected to be Ghana’s first lithium mine.

Norway’s Empower New Energy has raised $74m in equity from a consortium led by The Hague, Netherlands-based Climate Fund Managers (CFM).

The government of Ghana signed a memorandum of understanding with the Nairobi-based African Trade Insurance Agency (ATI) on 8 September, giving power producers access to the agency’s regional liquidity support facility (RLSF).

Nigeria’s Starsight Energy and South Africa’s SolarAfrica have announced plans to merge in a deal which, if approved by regulators, will join two of Africa’s largest commercial and industrial (C&I) renewable power developers into a pan-continental player with a portfolio of over 220MW of operated and signed generation capacity.

London- and Ghana-listed Tullow Oil announced better than expected H1 2022 results on 14 September, with 60,900 boe/d working interest production, of which its Jubilee and Tweneboa, Enyenra, Ntomme (Ten) fields in Ghana contributed 30,800 boe/d and 12,500 boe/d respectively.

Bboxx has concluded its acquisition of PEG Africa, giving the ­London-based firm access to four more African markets – Senegal, Côte d’Ivoire, Ghana and Mali – while it is also tying up with more major corporates, creating ventures with Orange in Democratic Republic of Congo and Unilever in Kenya.

A hike in tariffs from 1 September is meant to put utility services on a more sustainable footing, but the below-inflation rise will not solve the power sector’s many problems. Questions continue to be asked about the fate of funds raised in 2020 to refinance money owned to independent power producers (IPPs) and, with capital markets closed, Ghana’s government is now talking to the International Monetary Fund about yet another support programme, writes Jon Marks with Adaora Elemide and Marc Howard.

 The Public Utility Regulatory Commission (Purc) has set the following electricity prices per kWh for consumers as of 1 September.

A $3bn Eurobond, raised in early 2020, was meant to be used to tackle Ghana’s large public sector debts, with up to $1bn intended by finance minister Ken Ofori-Atta to renegotiate supply deals with independent power producers (IPPs), replacing take-or-pay agreements that had left the state paying for unused electricity.

Norway’s Aker Energy has been granted more time to submit a development plan for its Pecan oil field in the Deepwater Tano Cape Three Points (DWT/CTP) concession. A company statement said the delay was due to uncertainties about supplier commitments, triggered by the war in Ukraine.