Search results

General

Type

Sector

Regions

Sort options

2,407 results found for your search

Subscriber

Rare is the Inga contract that is signed on time, and even rarer is its implementation, but according to officials in Kinshasa, the governments of Democratic Republic of Congo and South Africa should finally sign a power purchase agreement (PPA) for the sale of electricity from the future Inga III hydroelectric dam to Eskom when President Jacob Zuma visits Kinshasa in late October. DRC Ministry of Water Resources and Electricity officials announced on 27 September that Kinshasa was about to conclude its much-anticipated PPA with South Africa for the sale of 2,500MW from Inga III. This would allow for construction to start in October 2015. The DRC government anticipates the plant’s inauguration in 2020-21, with Eskom purchasing more than half of Inga III’s projected 4,800MW capacity. Katanga-based mining industries would take 1,300MW, while the rest of the vast country, including Kinshasa, would take the remaining 1,000MW.

DR Congo | South Africa
Free

The Department of Energy has released the draft Integrated Energy Planning (IEP) report for public consultation “as part of a process to formulate an integrated energy plan, which will outline a recommended energy roadmap for South Africa and guide investment decisions”. A period of public discussion will follow, as different stakeholder groups try to hammer out consensus on a sustainable long-term trajectory for the country (the IEP looks towards 2050). The IEP – with the expected new Integrated Resource Plan – will encompass Eskom’s plans for more coal-fired capacity, and also consolidate the so far successful effort to install major renewables capacity; it should also push forward the debate over new gas and nuclear infrastructure.

South Africa
Subscriber

Alongside the change of energy minister in mid-September, President Samia Suhulu Hassan replaced the board and senior leadership of Tanzania Electric Supply Company (Tanesco). The national utility’s new managing director Maharage Chande previously worked at MultiChoice Africa, which owns cable TV channel DStv, where he was Tanzania managing director and then regional managing director for East and West Africa.

Tanzania
Subscriber

Local developer Sunrise Power and Transmission Company (SPTCL) has waived a $500m arbitral award owed to it by the federal government in relation to the 3GW Mambilla hydroelectric power (HEP) plant, and has ceased arbitral proceedings.

Nigeria
Subscriber

Scatec has become the first developer to sign power purchase agreements (PPAs) under South Africa’s first Risk Mitigation Independent Power Producer Programme (RMIPPP), for its three Kenhardt solar PV and battery hybrid projects. The milestone marks the start of an intensive period for developers and financiers involved in the RMIPPP and the Renewable Energy Independent Power Producer Procurement Programme (REIPPP) fifth round, who are pushing to finalise terms and start construction over the next three months.

South Africa
Subscriber

Scatec has refinanced three solar PV projects from early rounds of South Africa’s renewable energy independent power producer procurement programme (REIPPP), sharing profits from the transaction 50/50 with the government to reduce tariffs.

South Africa
Subscriber

President Tshisekedi has laid the first stone of the Banana deep-sea harbour, an essential piece of infrastructure if the Grand Inga hydropower project is to move ahead.

DR Congo
Subscriber

A huge rush is under way to tackle governance issues at Kenya Power and address the cost of energy from IPPs ahead of President Kenyatta’s Christmas Day deadline for implementing recommendations of the Presidential Taskforce’s PPA review, writes Dan Marks

Kenya
Subscriber

Norway’s Aker Horizons has taken a 75% equity stake in Mainstream Renewable Power. The deal, valued at about €900m ($1.095bn), should enable Mainstream to bring 5.5GW of power to financial close by 2023. The other 25% equity is held by Mainstream founder and chairman Eddie O’Connor.

South Africa
Subscriber

The scale of the challenges facing Kenya Power has been highlighted by the release of its results for the past two years. The utility has been hard hit by Covid-19, with demand dropping while arrears soared, but its finances were struggling long before the pandemic struck, writes Dan Marks.

Kenya
Issue 423 - 24 September 2020

Botswana aims to procure 645MW by 2026

Subscriber

Mineral resources, green technology and energy security minister Lefoko Moagi has said Botswana will look to procure 645MW of new capacity by 2026. Moagi made the comments in parliament in August while presenting his ministry’s proposals for the mid-term review of the country’s National Development Plan (NDP).

Botswana
Free

Energy leasing company Solarise Africa announced on 31 August that it had closed its latest investment round with a follow-on investment from Energy Access Ventures (EAV). French development finance institution Proparco led the round with a €4m equivalent quasi-equity dollar-denominated investment alongside EAV and the Electrification Financing Initiative (ElectriFI).

Free

On 25 March, the African Development Bank-administered African Development Fund approved a €12.46m ($13.6m) grant to finance the Energy Transition and Institutional Support Programme in São Tomé and Príncipe. The five-year programme will support renewable energy, government financial management and climate policy, as well as capacity building. Components include reinforcing the network around existing thermal power plants, renovating the 1MW Papagaio hydro plant, and hybridising the Santo Amaro thermal plant with a solar PV facility.

São Tomé & Príncipe
Issue 410 - 27 February 2020

Rwanda: Nyabarongo II financing

Subscriber

The Export-Import Bank of China is to extend a concessional loan worth $214m to the government of Rwanda to finance the 43.5MW Nyabarongo II hydropower project and associated transmission infrastructure. Representatives of the two governments signed a framework agreement on 8 February paving the way for the disbursement of the loan, which will finance the construction of the hydropower plant, a substation, and a 110kV transmission line to connect the plant to the grid.

Rwanda
Subscriber

Hidroeléctrica de Cahora Bassa (HCB) announced on 12 February a public tender to hire a financial intermediary to lead the process of selling a 7.5% stake in the company to Mozambican citizens, companies and institutions through the Mozambique Stock Exchange (BVM). The public offering was announced by President Filipe Nyusi in November 2017, but no timetable has been announced.

Mozambique