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Soaring crude prices – coupled with more realistic expectations – have improved conditions for African biofuels projects, writes François Misser

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).

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

South African developer NuPlanet has been awarded a generation licence by the Zimbabwe Energy Regulation Council to build a 5MW hydropower plant at the Mutirikwi dam, Zimbabwe’s largest reservoir. Technical feasibility and environmental impact assessments for the Mutirikwi project would start next year, with procurement, contracting and construction to commence thereafter, managing director Anton-Louis Olivier said on 1 November.

A consortium led by businessman Moses Chingwena has acquired 51% of Engen Petroleum Zimbabwe, enabling Engen to buy Chevron’s Zimbabwe operations.

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.

Zimbabwe utility Zesa Holding is sticking to its power-exporting arrangement with NamPower, the Namibian parastatal has told African Energy.

EGYPT: EDEPC contracts; EGYPT: Ain El Sokhna contract; GHANA: Takoradi expansion boost using WAGP gas; KENYA: KenGen to reduce emergency power; MOZAMBIQUE: EIB funding for power access; NIGERIA: Afam VI expansion; TUNISIA: EIB considers funding Sousse CCGT; ZIMBABWE: China Ex-Im to fund Kariba expansion

Nearly a year after the unity government came to power, Zimbabwe’s economic fundamentals are little improved and financiers are holding back from supporting essential projects, writes Kevin Godier

Zesa Holdings has reached a deal worth $8m with Botswana Power Company to refurbish the Bulawayo power plant in exchange for electricity exports (AE 173/10). “The deal will see us reviving Bulawayo thermal power station and enabling us to generate 90MW and of this 40MW will be exported to Botswana as per agreement,”

AFRICAN BANKING CORPORATION: AfDB credit; SONELGAZ: Algerian parastatal finance debate rolls on

Zimbabwe is in talks with Botswana to export 40MW of power over three years in exchange for the rehabilitation of the 90MW Bulawayo power station.

Engen Petroleum and KenolKobil have signed a sale and purchase agreement to jointly acquire all the shares in Shell Zimbabwe (Private) Ltd and BP Zimbabwe (Private) Ltd.

Hwange thermal power station is ready to resume operating at full capacity following refurbishment work by Zesa Holdings and Namibia Power Corporation (Pty) Ltd (NamPower), provided coal supply can be maintained, The Herald newspaper reported.

Zimbabwe appeals for funds but international investors remain wary