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China’s Sinohydro has given Alstom a contract worth more than €20m to provide turbines and generators to the new Itezhi-Tezhi hydroelectric dam on the Kafue River.

Zambia’s new government plans to capitalise on its B+ credit rating by issuing a $500m ten-year sovereign bond next year. Presenting the 2012 budget to parliament, finance minister Alexander Chikwanda said the rating from Standard & Poor’s and Fitch “has opened up the opportunity for Zambia

President Michael Sata has made a number of promises but looks unlikely to unsettle major investors with big policy changes, though he has bravely pledged to tackle the fuel supply conundrum, writes Chiwoyu Sinyangwe in Lusaka

Veteran oilman Jack Keyes has turned his attention to Zambia, attracted by the success of onshore exploration in Uganda.

The Zambian authorities are planning to issue their delayed debut Eurobond after presidential elections in Q4 2011 – which will also allow global bond markets to take stock after a period of turmoil in the Eurozone

Singapore’s Nava Bharat plans to start construction of a 300MW coal-fired power plant at Maamba Collieries by year-end and to complete it by 2014, according to company directo

Finland’s Wärtsilä has installed three 8MW diesel generators at Konkola Copper Mines (KCM)’s flagship Konkola Deep Mining Project (KDMP) to supply power if the grid supply fails. KCM, like other mining companies, is supplied by Copperbelt Energy Company (CEC), which buys the electricity from state power utility Zesco under a bulk power supply arrangement

Infrastructure developer InfraCo Africa is looking to African resource projects to provide a catalyst for wider growth, writes Thalia Griffiths

Power producers have increased the price of electricity for mining companies by 30%. The main supplier of power to the mines, Copperbelt Energy Corporation (CEC), and state-owned Zesco said in a joint statement the price rise would be backdated to January 2011.

The government has issued a licence for oil and gas exploration on Block 31 to South African company Rapid African Energy.

The Energy Regulation Board (ERB) has given Zesco the go-ahead for a power purchase agreement (PPA) for the 360MW Kariba North Bank Extension project. Under the PPA, Kariba North Bank Extension Power Corporation Limited (KNBEPC) will supply power to Zesco at peak periods for up to 3.5 hours per day for a period of 20 years.

Petrobras farms into Benin Block 4; WHL completes Seyco acquisition; Exile Resources in Zambia and Nigeria

Zambia has finalised its first exploration licence, following the country’s first licensing round held in 2009. The local Barotse Petroleum Company was awarded its licence on 14 January.

South Africa-based Engen has concluded its purchase of two more country operations from Chevron, in Mauritius and Tanzania, bringing to five the number of sales completed out of a package of seven agreed in August 2010 (AE 202/21).

Starved of investment to exploit its huge hydropower potential, Zambia is looking to China to raise output to meet growing demand from its vast copper mines, among other industrial needs. Chinese firms are building key power projects