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Norwegian development agency Norfund and Norway’s largest pension fund KLP have invested $40m of equity in CrossBoundary Energy to expand its portfolio of renewable projects, paving the way for a debt-raising round in 2023.

With over 7.4GW of engine capacity installed across 45 countries, Helsinki-headquartered Wärtsilä reports progress on its own co-developed power projects in four sub-Saharan markets – Nigeria, Gabon, Mozambique and Malawi – as well as for a range of engineering, procurement and construction (EPC) work for gas-to-power (GTP) schemes.

A boom is expected for the extractives sector, highlighted by first gas supply from the Coral Sul reservoir off Mozambique’s northern Cabo Delgado coast, but locals are demanding a fairer share of the benefits and the authorities are struggling to define what they mean by ‘local content’.

It is more than a whisper: international institutions and private equity (PE) investors are again exploring major hydroelectric power (HEP) deals, after years during which environmental, social and governance (ESG) concerns made big dams a problematic issue for development finance institutions (DFI) and other potential investors.

Development of Mozambique's long-awaited 1.5GW Mphanda Nkuwa hydroelectric power (HEP) plant continues to gather pace, with a request for proposals (RfP) for a strategic equity partner to be launched in Q4 2022.

The successful introduction of gas to the vessel means the Mozambique is on track to export its first cargo of liquified natural gas (LNG) in H2 2022.

Operations and maintenance work at the 41MW Metoro solar plant in north-eastern Cabo Delgado province were halted on 7 June after armed attacks in the region. In another incident soon afterwards, Australian Stock Exchange-listed Triton Minerals said its graphite mine in Ancuabe, 45km west of Pemba, was attacked on 8 June by armed groups.

After years of false dawns, commitments of support for the estimated $4.5bn 1.5GW Mphanda Nkuwa hydroelectric power project from the African Development Bank and International Finance Corporation suggest real impetus is building behind the long-delayed scheme.

South African giant Sasol has announced the completion of the sale of its stake in the 175MW Central Térmica de Ressano Garcia gas power plant in Mozambique.

The 41MW Metoro Solar PV plant has been commissioned in Ancuabe district, Cabo Delgado province. The project is owned by French renewable energy developer Neoen with a 75% stake and Electricidade de Moçambique (EdM) with a 25% stake.

Electricity Supply Corporation of Malawi (Escom) has held talks with Electricidade de Moçambique (EDM) on more than doubling the amount of power to be supplied through the planned interconnection between the two countries.  

A High Court ruling left critical questions unanswered over the UK government’s proposed $1.15bn funding for the Area 1 liquefied natural gas scheme in Cabo Delgado, Mozambique. The Court of Appeal will now be asked to decide on what could provide an important legal precedent for export credit financing, writes James Gavin

The prequalified bidders chosen in Mozambique’s sixth licensing round have not had to specify which blocks they are interested in, but the greatest interest is likely to be in the more northerly exploration zones including the Rovuma and Angoche basins

Chinese giants, sanctioned Russians, established operators and veterans from Cove Energy, the Irish independent which originated Mozambique's  historic gas play are amongst those competing for the highly prospective Rovuma basin blocks in the current licensing round. The range of players is a strong indicator of the high expectations for the next phase of upstream development. 

Among Russia’s portfolio of interests in Africa – which include a large military sales business and nuclear development ambitions – state-owned entities such as Gazprom, Gazpromneft and Rosneft have built up hydrocarbons industry interests in markets around the continent, from Algeria in the north to Nigeria, and Angola and Mozambique south of the Sahara.  African Energy examines Russia's investments in Africa's upstream sector and its possible strategic objectives.