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Financing from Saudi-based International Islamic Trade Finance Corporation is part of a $600m three-year deal signed in May 2023 and will pay for imports of petroleum products needed for electricity generation.

In a development that could destabilise Namibia’s electricity export initiative, industry sources have told African Energy the authorities have drastically downsized the amount of power allowed for export from 750MW to 100MW, making export-oriented independent power producers’ plants economically unviable.

Commissioning of Geometric’s 141MW Aba gas-to-power plant adds sorely-needed on-grid capacity.  Selling to its own ringfenced distribution network, Aba also points to a potential new model of vertical integration. Meanwhile, the Tinubu government’s bold macro reforms have contributed to a significant economic crisis. It is nonetheless pushing on with efforts to repay $2.16bn owed to IPPs, although some question where the money will come from, write Leonard Lawal in Lagos and Marc Howard.

Weighed down by financial and geopolitical risks, President Abdel Fattah El Sisi’s administration continues to push its green hydrogen (GH2) agenda - including the signing of seven new agreements. It is a risky proposition but, if schemes can be proved bankable, tens of billions of dollars of investment could transform Egypt’s economic prospects. John Hamilton looks at who is involved and where GH2 megaprojects have got to so far.

Climate Fund Managers has provided capital for waste-to-energy developer Bio2Watt Energy Holdings’ biogas projects in South Africa, including expansion of the 4.8MW Bronkhorstspruit plant.