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Issue 205 - 18 March 2011

Africa Oil: New acquisition

Free

Leading EastAfrica player Africa Oil Corporation has signed a letter of intent to buy Lion Energy Corporation, its partner in Kenya and the breakaway Somali republic of Puntland. The companies will now negotiate a full agreement for Africa Oil to acquire Lion through a scheme of arrangement. Lion isAfrica Oil’s last remaining co-venturer in Kenya Block 9, following the withdrawal of the block’s Asian partners, and has 10% in Block 10BB, alongsideAfrica Oil and Tullow.It also has 15% in the Dharoor Valley and Nugaal Valley licences in Puntland.

Issue 223 - 19 January 2012

IPSA sells turbines

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The UK’s IPSA Group has completed the sale of two Siemens Westinghouse 701 DU gas turbines to Singapore company Bright Day

South Africa
Issue 147 - 05 October 2008

First sales for Homeland Energy

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Homeland Energy Group announced on 23 September the signing of its first sales contracts for about 500,000t of thermal coal from its newly inaugurated Kendal mine near Witbank.

South Africa
Issue 133 - 22 February 2008

EIB to fund Kouilou Phase II

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The European Investment Bank is appraising a $75m loan for the second phase of MagIndustries’ Kouilou project, involving the development of a potash solution mining field and the construction of a potash processing plant (AE 124/2).

DR Congo
Issue 341 - 02 March 2017

Mauritania: Kosmos acquires seismic

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Kosmos Energy is acquiring 3D seismic over its Mauritania blocks. Announcing its 2016 results, the Dallas-based company said acquisition over blocks C6 and C12 began in January and is expected to complete within Q1. This follows a survey over blocks C8 and C13 begun in Q4 20016 which completed in January. Kosmos plans a new exploration drilling campaign starting mid-year on its acreage offshore Senegal and Mauritania, where it won a farm-in from BP in December (AE 337/13). On completion, BP will take over the operatorship of all four blocks and hold a 62% stake.

Mauritania
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Lagos-based Africa Finance Corporation (AFC) has announced plans to invest up to $140m in the Gabon Special Economic Zone (GSEZ). The GSEZ, created in 2010 to accelerate Gabon’s economic diversification, is a joint venture vehicle between the government and Singapore agri-business company Olam International. The venture has a portfolio of infrastructure projects spanning a variety of sectors, including a mineral terminal, a general logistics terminal, and other special infrastructure projects. GSEZ also owns and operates the Nkok Special Economic Zone and the Port Gentil Special Economic Zone. The GSEZ projects form part of the government’s Emerging Gabon Strategy

Gabon
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There is speculation that Rachid Ghannouchi’s Islamist Ennahda (Renaissance) party will gain a big slice of the vote when Tunisia goes to the polls on 23 October to elect the constituent assembly that will draw up a new constitution, and that polling will be followed by significant changes in the interim government ahead of an elected administration emerging by H2 2012.

Tunisia
Issue 260 - 09 August 2013

Egypt: Power tender

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The Egyptian Electricity Transmission Company (EETC) has invited prequalification applications for the development of a 2,250MW combined cycle power plant in the Beni Suef governorate. The plant will be developed on a build-own-operate basis and the successful bidder will build and operate the plant and sell its output under a 25-year agreement.

Egypt
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South Africans, with President Jacob Zuma at their head, have long dreaded Nelson Mandela’s death, as not only a sad close to a major chapter in history, but also because it will force the nation to look more closely at its values, leadership and governance. Many South Africans do not like what they see, to the extent that Mandela’s political legacy may no longer be the ruling African National Congress (ANC)’s sole preserve, as new movements emerge on the left and the Democratic Alliance (DA) seeks to widen its appeal.

South Africa
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AIM-listed Uranium Resources has announced the start of drilling on its Mtonya prospect in the Selous Basin, southern Tanzania.

Tanzania
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For too long only a fraction of proposed projects have seen the light of day, but while it is too early to say the African power industry has turned a corner, signs of progress were reflected at EnergyNet’s Africa Energy Forum (AEF) in Berlin on 26-28 June. Veteran southern African project financier Clive Ferreira observed that the African power sector continues to underperform significantly. Projects take too long to reach financial close, procurement processes are not transparent, and low tariffs make investment unattractive. Few could disagree with Ferreira’s conclusion that it is “difficult to make private power work under these circumstances”.

Kenya | Nigeria | Ethiopia | South Africa
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The government will officially launch a new oil and gas licensing round, known as EG Ronda 2016, at the Africa Oil & Power conference on 6-7 June at the Westin Hotel in Cape Town. The Ministry of Mines, Industry and Energy said in October 2015 that it planned a bid round this year, offering all remaining deep and ultra-deepwater blocks. The last bid round in 2014 offered all the country’s open acreage, with four blocks next to existing discoveries offered for direct negotiation and the others for competitive bidding.

Equatorial Guinea
Issue 403 - 07 November 2019

Egypt: Acwa Power signs Kom Ombo PPA

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Saudi Arabia’s Acwa Power announced on 30 October that it had signed a power purchase agreement for the 200MW Kom Ombo solar PV plant. Acwa Power emerged as the lowest bidder in a tender earlier this year. Acwa Power said it had offered a revised price of just $0.02752, below its initial bid of $0.02799, enabling it to outbid Spain’s Fotowatio, Scatec Solar, and three other consortia – EDF-Marubeni-El Sewedy, Engie-Orascom and Actis-Enerpal.

Egypt
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NamPower is tendering for the project management and construction of the 190km 400kV Kunene to Omatando single circuit transmission line and the design and construction of the 132kV Hippo substation near Ruacana in northern Namibia. Work on the transmission line is expected to take 24 months to complete, while work on the substation should take 18 months. Companies bidding for the transmission line met for a compulsory tender meeting on 30 November and will submit bids on 29 January. For the substation the compulsory tender meeting is on 7 December, with bids to be submitted on 19 February.

Namibia
Issue 283 - 08 August 2014

Wapp seeks PPP adviser

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The West African Power Pool (Wapp) is seeking a public-private partnership (PPP) adviser, with funding from the US Agency for International Development as part of US President Barack Obama’s Power Africa Initiative. The contract will be based in Cotonou and will last for three years, with a six-month probation period. Wapp is increasingly looking at establishing special purpose vehicles to develop projects on a PPP basis, to get round individual states’ problems attracting large amounts of finance. Applications are due by 19 September.