Search results

The Ethiopian Electric Power Corporation is seeking bids for project consultancy services for the 100MW Assela wind farm project, to be built south-east of Addis Ababa.

The World Bank board approved a $60m credit on 15 May to reinforce Zambia’s electricity transmission network and increase Zesco’s power transfer capacity to Kafue town and the Southern Province.

Germany’s Siemens AG is the latest company to signal its willingness to invest in Nigeria’s soon to be privatised power sector after signing a co-operation agreement with the government to consider on a “case-by-case basis” the financing of generation plant projects.

BENIN: Syndicated power loan; WORLD BANK: New Africa VP

Tullow Oil’s Ngamia-1 find south-west of Lake Turkana is likely to intensify a minor scramble that has developed in recent times for two of the last pieces of open acreage in the country, Block 11A in the Lotikipi Basin and 11B in the Gatome Basin.

Chariot Oil & Gas has failed to find hydrocarbons with its Tapir South well in Northern Block 1811A in the Namibe Basin.

Leading shareholders in KenolKobil Group have signed an exclusive agreement with Trafigura subsidiary Puma Energy for the sale of their majority shareholdings, which could lead to a full takeover for the company.

The onshore blocks to the west of BG Group’s acreage are not proving to be quite so prolific. Well tests from Maurel & Prom’s Ziwani-1 well, spudded in February in the Mnazi Bay Concession, indicate that the potential resource volumes from a clean limestone reservoir of Pliocene age, 3.5 meters thick, are sub-commercial.

Contracts must be concluded to show that renewable energy (RE) schemes are more than hot air, African Energy wrote last year. More solar and wind projects were being tendered in Morocco and South Africa’s new-found enthusiasm for RE would be confirmed if the much-anticipated first round of its Renewable Energy Independent Power Producer Procurement Programme (REIPP) was a success (AE 215/24).

ALGERIA: Siemens maintenance contract at Hassi R’Mel; EGYPT: Alstom substation contract; RWANDA/DR CONGO: Ruzizi road contract relaunched; SOUTH AFRICA: O&M contract for Wärtsilä

HERITAGE: Former US Special Forces head hired as non-exec; PANATLANTIC: New name for Vanco

Anadarko Petroleum Corporation and Eni have made two huge natural gas discoveries in quick succession in the burgeoning Rovuma Basin play, adding possibly as much as 55tcf to total reserves of gas in place across Area 1 and Area 4.

US independent ConocoPhillips plans to sell its upstream Nigerian assets as part of a global reorganisation. The company said in March that it planned to sell an estimated $10bn of assets in 2012, with most sales related to exploration and production.

Plus Markets Group has announced plans to close after failing to attract a buyer for its exchange for small companies.

Some of the names already involved in the Sierra Leone natural resources sector are controversial. Frank Timis’ London AIM-listed African Minerals Ltd (AML) is developing the Tonkolili iron ore project, while his National Stock Exchange of Australia-listed African Petroleum Corporation has offshore exploration block SL-03.