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Energy financiers had their moments in 2010, but the power sector remains under-financed, writes Kevin Godier

The 300MW high-voltage Caprivi connection between Zambia and Namibia has been inaugurated by the presidents of Namibia, Zambia, Botswana and Zimbabwe.

In the latest phase of southern African downstream reorganisation, BP has agreed to sell its fuels marketing businesses in Namibia, Botswana and Zambia to Trafigura subsidiary Puma Energy, as well as its 50% interest in BP Malawi and BP Tanzania

Independent power company Copperbelt Energy Corporation has invited expressions of interest by 19 November for an engineering, procurement and construction contract to develop the 40MW Kabompo Gorge hydroelectric scheme in north-west Zambia. The power company, which supplies electricity to mines in the Copperbelt province, said it plans to issue invitations for bids from pre-qualified bidders in March 2011.

South African marketer Engen Petroleum Limited has signed share purchase agreements for Chevron’s downstream interests in seven countries in sub-Saharan Africa and the Indian Ocean.

Faced with a rise in demand from Zambia’s mining sector, Copperbelt Energy Corporation (CEC) is looking to expand its generation capacity

The progress of cross-border interconnection projects can be painfully slow in sub-Saharan Africa - underlined by the failure to get the five-nation Western Corridor project going (AE 186/7) - but companies anxious to assure stable supplies are pushing for more

CAMEROON: Spain’s Indra to modernise IT systems; MALI: O&M contract for Sopam plant; MOROCCO: Ain Beni Mathar inaugurated; MOZAMBIQUE: El Sewedy to reinforce urban grids; ZAMBIA: EIB considers Itezhi-Tezhi finance

A visiting International Monetary Fund (IMF) mission has welcomed Zambia’s efforts to move to cost-reflective tariffs, which it said would help ensure a sustainable and reliable energy supply.

The Zambia Public Procurement Authority has selected Glencore Energy as the preferred bidder to supply 1.4m tonnes of petroleum feedstock over the next two years (AE 181/25).

The latest chapter in the long-running saga of Zambia’s oil procurement and refining problems involves the selection of an international firm to supply and deliver 1.44m tonnes of commingled petroleum feedstock in cargo lots of 60,000-90,000 tonnes for the 2010/11 period.

DR CONGO: Snel management contract; EGYPT: Power plant switchboards tender; EGYPT: Ain El Sokhna tender; REGIONAL: Power line progress; SIERRA LEONE: Worker demonstration; SOUTH AFRICA: Renewable energy boost; SUDAN: Egyptians mobilise cement plant project; UGANDA: Tariff cuts criticised for being too limited; ZAMBIA: Solar energy gets funding

Nava Bharat Ventures subsidiary Nava Bharat (Singapore) has signed an agreement with the Lusaka government to acquire a 65% equity stake in Maamba Collieries, with the aim of developing a coal-fired power plant.

Zambia may face a 600MW power deficit next year as demand fuelled by growing mining activity overtakes generation capacity.

Seven companies have been awarded petroleum exploration licences following Zambia’s first bid round. Eight bids were examined by the government’s Petroleum Committee, and The Post daily quoted mines minister Maxwell Mwale as saying seven companies had been successful