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Issue 220 - 18 November 2011

Decision time for SA renewables bids

Subscriber

There have been too many false dawns as South Africa realities have failed to live up to the rhetoric of electricity supply industry liberalisation or diversification into renewables, but the 53 bids received by the Department of Energy (DoE) in the first round of bidding to build

South Africa
Issue 220 - 18 November 2011

Interconnection tender

Subscriber

Ghana Grid Company (GridCo) and Société Nationale d’Electricité du Burkina (Sonabel) are seeking expressions of interest from consultants for the provision of project management, engineering and construction supervision services for the 225kV Bolgatanga-Ouagadougou interconnection project

Ghana | Burkina Faso
Subscriber

Analyst sentiment towards London Stock Exchange-listed Afren was given a fillip with positive newsflow from its behind-schedule Ebok development. In a research note following a field trip, Jefferies International reported “increased confidence that the delay issues are behind” the Ebok project

Nigeria
Issue 220 - 18 November 2011

WBG commits to backing Kribi GTP project

Subscriber

The World Bank Group (WBG) on 11 November committed $168m in loans and grants for the estimated $350m Kribi Gas Power Project, which it said was “expected to supply reliable electricity to over 160,000 households”, as well as helping to maintain operations at the Alucam smelter at Edea

Cameroon
Subscriber

It has drilled only one well, but the extent of Eni’s ambitions for its gas find in Mozambique’s Offshore Area 4 are becoming apparent, with the Italian major’s chief executive, Paolo Scaroni, telling one interviewer it could invest $50bn in developing the discovery and building infrastructure to export the gas to Asia

Mozambique
Subscriber

While much has been made of the push by Gulf-based companies into African and other frontier exploration and production (E&P) territories, establishing themselves in unfamiliar environments has proved more problematic than many thought

Mauritania | Libya
Issue 220 - 18 November 2011

Government plans $500m bond

Subscriber

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

Zambia
Subscriber

Energy minister Elizabeth Dipuo Peters has ordered an audit to establish the reliability of six oil refineries following an increasing number of unplanned shutdowns

South Africa
Issue 220 - 18 November 2011

Namcor MD dismissed

Subscriber

Almost exactly a year after the board suspended him and ordered an independent audit of the loss-making parastatal’s activities, National Petroleum Corporation of Namibia (Namcor) managing director Sam Beukes has been dismissed (AE 199/16, 194/15). In a statement, board chairman Siseho Simasiku said the move came after a disciplinary inquiry

Namibia
Issue 220 - 18 November 2011

WBG commits to backing Kribi GTP project

Subscriber

The World Bank Group (WBG) on 11 November committed $168m in loans and grants for the estimated $350m Kribi Gas Power Project

Cameroon
Issue 220 - 18 November 2011

Interconnection tender

Subscriber

Ghana Grid Company (GridCo) and Société Nationale d’Electricité du Burkina (Sonabel) are seeking expressions of interest from consultants for the provision of project management,

Ghana
Issue 220 - 18 November 2011

AfDB funding for Lom Pangar

Subscriber

In another co-financing operation to support Cameroon’s power sector, the African Development Bank has approved a $71.1m loan to finance the Lom Pangar hydroelectric project

Cameroon
Issue 220 - 18 November 2011

Military technology unlocks geology

Subscriber

According to Hong Kong-registered, Ethiopia-based SouthWest Energy chairman and chief executive Tewodros Ashenafi, the use of full-tensor gravity (FTG) geophysical surveying technology – initially developed

Ethiopia
Subscriber

Undaunted by the latest salvo in the long-running border dispute between Côte d’Ivoire and Ghana, companies active in the West African Transform Margin are pushing ahead with exploration. But emulating Tullow’s record is proving harder than several IOCs had hoped, writes Thalia Griffiths in Accra

Ghana | Côte d'Ivoire
Subscriber

The Energy Commission has asked for expressions of interest (EoIs) for grid-connected solar photovoltaic (PV) or wind projects in the Northern, Upper East, Upper West and Volta regions.

Ghana