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Issue 268 - 20 December 2013

Unfinished business as Dames quits Eskom

Subscriber

Eskom has confirmed that chief executive Brian Dames will leave the beleaguered company at the end of March 2014. The move has been met with widespread concern as it follows the loss of influential chief financial officer Paul O’Flaherty in July. Dames has been at the helm since a public spat between previous chief executive Jacob Maroga and chairman Bobby Godsell in 2010 convinced the board that the utility needed new leadership (AE 175/4). Since then, Dames has been grappling with capacity constraints, major project delays and violent labour disputes at Eskom’s flagship projects, as well as a recent fatal incident at the Ingula pumped storage project site (AE 265/9).

South Africa
Subscriber

Pressures on utilities and other state-owned enterprises will be a greater feature in the 2020s than in earlier debt crises. Reforms to the continent’s largest energy enterprises, Eskom and Nigerian National Petroleum Corporation, are integral to their macroeconomies emerging stronger. Unravelling the problems of malfunctioning parastatals in economies from Ghana to Madagascar already play a central role in governments’ reform commitments. Madagascan utility Jiro sy Rany Malagasy (Jirama) has attracted considerable funds to support its reform.

Issue 159 - 20 March 2009

Petronas to quit Taoudeni blocks

Subscriber

Australia’s Baraka Petroleum has announced that Petronas plans to withdraw from the joint venture exploring blocks Ta-11 and Ta12 in the onshore Taoudeni Basin.

Mauritania
Free

Procurement for the $75m Ghana electricity distribution system reinforcement and expansion project funded by the African Development Bank will begin in October. The project has three components: reinforcement and extension of the distribution system, off-grid renewable energy electrification, and institutional development and capacity building.

Ghana
Issue 364 - 01 March 2018

Mozambique: EDF to buy Area 1 LNG

Subscriber

Anadarko Petroleum Corporation has announced a sale and purchase agreement (SPA) with EDF of France for 1.2m t/yr of liquefied natural gas from its Area 1 development for 15 years. “EDF is one of the world’s largest electric utilities, and reaching this SPA continues to validate Mozambique LNG’s position as a competitive long-term LNG supplier and as one of the world’s leading greenfield projects,” said Anadarko executive vice-president international & deep-water operations and project management Mitch Ingram.

Mozambique
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Royal Dutch Shell and BP have offered the South African government a stake in the jointly owned Sapref refinery in Durban, according to reports from Johannesburg.

South Africa
Subscriber

State utility Office National de l’Electricité et de l’Eau Potable (ONEE) has launched a prequalification tender for the minimum 75MW Noor Tafilalet solar photovoltaic (PV) project, which is supported by the World Bank (AE 303/10). Companies have until 4 September to prequalify to develop, build (including civil works and equipment supply), operate and maintain (for an initial five years) three PV units on a turnkey basis. ONEE expects the plants to come on line in Q4 16 or Q1 17; if appropriate, up to 100MW can be installed.

Morocco
Subscriber

The United States Treasury Department's Office of Foreign Assets Control (Ofac) has lifted sanctions on National Oil Corporation (NOC)'s Benghazi-based subsidiary Arabian Gulf Oil Company (Agoco). The move is important because Agoco was included in early Ofac and other sanctions lists even though it had declared itself independent of its parent in Tripoli and was remaking itself

Libya
Issue 361 - 18 January 2018

Ghana: ExxonMobil in talks for DWCTP

Subscriber

The Ministry of Energy is in talks with ExxonMobil for the Deepwater Cape Three Points (DWCTP) Block, with a petroleum agreement due to be signed as African Energy went to press. The block was previously operated by Vanco Energy Company, and then by Lukoil. It lies some 150km offshore in water depths ranging from 2,000 to 4,000 metres.The block is geologically analogous to Guyana, and the ministry said ExxonMobil’s Payara discovery had positive implications for DWCTP.

Ghana
Free

The Ministry of Power has signed an agreement with India’s Bharat Heavy Electricals Ltd (BHEL) for the development of off-grid solar independent power projects across several locations, with the first to be in Bida, Niger State.

Nigeria
Subscriber

Ethiopian Electric Power is requesting expressions of interest from consultants to prepare or update feasibility studies for five hydropower plants. The work is being funded through the $122.5m African Development Bank (AfDB)-backed Mekele-Dallol and Semera-Afdera Power Supply for Industrial Development and Access Scale-up Project. Submissions are due by 8 March.Two lots are being tendered.

Ethiopia
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Kenya’s leading sugar producer is looking to join in the country’s success in diversifying its energy sources by expanding into ethanol production as well as power generation, writes Kimemia Mugo

Kenya
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The African Development Bank (AfDB) board approved a senior loan of up to $150m on 2 October for a 300MW mine-mouth coal power plant at Maamba and the refurbishment of the coal mine at the site. Maamba Collieries – a joint venture of Nava Bharat Singapore Ltd (65%) and government-owned Zambia Consolidated Copper Mines (35%) – is developing the project to use the low-grade coal produced as a by-product of mining at the site which is at risk of spontaneous combustion.The project is expected to cost around $800m and will comprise two 150MW units, using two 510 TPH steam generators with circulating fluidised bed combustion. It is designed with the potential to expand to 600MW.

Zambia
Subscriber

CONGO-B: Transformers contract; DR CONGO: Ruzizi 1 rehab tender; ETHIOPIA: Sterlite wins EEPCo contract; TUNISIA: Rural solar project; UGANDA: ERA approves Tororo plant

DR Congo | Uganda | Ethiopia | Congo Brazzaville | Tunisia
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Already in default on $12.8m of interest on its 2019 bonds, Afren said on 9 June it had decided to use a 30-day grace period for $11.9m of interest on its 2020 bonds. The interest was due on 9 June, and Afren warned that it did not anticipate paying the interest at the end of the 30 days. Afren said it had received assurances from a committee of creditors that they had no plans to take enforcement action on the bonds.