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Issue 284 - 12 September 2014

Senegal: World Bank to fund Tobene IPP

Subscriber

The World Bank Group signed agreements on 6 August for the 96MW Tobene independent power project in Taiba Ndiaye, 90km north-east of Dakar. These included a E93.4m ($124.5m) financing agreement arranged by the International Finance Corporation (IFC) and a $40m equivalent partial risk guarantee from the International Development Association. The project will be developed on a build, own and operate basis by Melec PowerGen, an affiliate of Lebanon’s Matelec Group, which will own at least 90% of the plant. The early stage development of the E123m plant was led by IFC InfraVentures, IFC’s infrastructure project development fund, and IFC will retain a 10% stake on completion of a proposed equity investment.

Senegal
Issue 312 - 19 November 2015

Tanzania: First Mnazi Bay gas payment

Subscriber

Wentworth Resources has said that the Mnazi Bay joint venture partners have received a landmark first payment of $3.8m from Tanzania Petroleum Development Corporation for gas deliveries to the new pipeline in October. The Oslo and AIM-listed company said gas was being supplied to the existing Ubungo-II and Symbion power plants in Dar es Salaam as well as to the new Kinyerezi-I power plant.

Tanzania
Subscriber

Chinese appetite for booking significant reserves has been underlined by the acceptance of Libya-focused Verenex Energy Inc’s board for a C$499m ($387m) takeover bid by China National Petroleum Corporation subsidiary CNPC International (CNPCI). The Toronto Stock Exchange (TSX)-listed firm entered into a definitive agreement with the Chinese suitor on 24 February.

Libya
Issue 383 - 20 December 2018

Senegal: SNE Feed work launched

Subscriber

Operator Woodside Energy has announced the start of front-end engineering and design (Feed) work for the SNE field development following the award of a subsea Feed contract to the Subsea Integration Alliance partnership of OneSubsea, Schlumberger and Subsea 7. Further contracts are planned to be awarded in early 2019. The work involves activities to finalise the costs and technical definition for the SNE development to enable a final investment decision targeted for mid-2019.

Senegal
Issue 165 - 19 June 2009

COMPANIES AND PEOPLE: Sweco, Umeme

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Sweco to study power supply; New MD for Ugandan distribution company

Lesotho | Uganda
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Two major hydropower projects totalling 320MW are set to be built in Madagascar to address the island state’s long-standing electricity supply issues. The 120MW Volobe plant and 200MW Sahofika plant are expected to commission in 2023-25, according to Rémy Huber, general manager of the CGHV consortium developing the Volobe project. “The Volobe and Sahofika projects will together play a major role in meeting the government’s energy sector objectives of doubling electricity production, reducing the cost of generation and expanding access to electricity for the population of Madagascar,” Huber told African Energy in an interview on 19 June.

Madagascar
Subscriber

President José Eduardo dos Santos’ billionaire elder daughter Isabel has added to her portfolio with a controlling stake in Portuguese engineering company Efacec, ten years after she bought 38.3% in Portugal’s Galp Energia in partnership with Portuguese businessman Américo Amorim. Isabel dos Santos, whose fortune was estimated at $3bn last year by Forbes magazine, established the 50/50 Winterfell joint venture with the recently created Empresa Nacional de Distribuição de Electricidade (ENDE) in order to purchase foreign assets. Isabel dos Santos and Winterfell bought a 65% stake in Efacec Power Solutions at the beginning of June from two Portuguese companies, Grupo José de Mello SGPS and Têxtil Manuel Gonçalves.

Angola
Free

The meeting of the Libyan British Business Council in Tunis at which National Oil Corporation (NOC) chairman Mustafa Sanalla set out ambitious plans to increase crude production was also notable for an altercation with Central Bank of Libya governor Sadiq Al-Kebir. Speaking in Arabic at the start of the meeting, Sanalla berated the governor for allowing central bank funds to be dispersed to the armed militias who control Tripoli.

Subscriber

With the political elite gearing up to battle it out for the 2011 presidential nomination, the incumbent ‘GoodluckSambo’ ticket is looking for some ‘easy wins’ to outflank opponents. On the agenda is a revival of the stalled electricity sector liberalisation programme, writes Jon Marks in Abuja and Lagos

Nigeria
Subscriber

There is no shortage of power projects in Zimbabwe, but while there are plenty of independent power producers (IPPs) and several smaller plants under construction, the government’s focus is on state-owned projects. Larger IPPs and investors face the seemingly insurmountable obstacles of the currency crisis and the absence of international funding, while a number of state projects are well advanced.The government has prioritised longstanding projects such as the 600MW expansion of the Hwange coal power plant and repowering of older thermal plants.

Zimbabwe
Issue 213 - 16 July 2011

OPHIR ENERGY: IPO raises $375m

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Ophir Energy launched its initial public offering at 250p/share on 8 July, valuing the company

Gabon | Senegal
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Scarcely a month passes without an announcement that another large-scale power project has passed a milestone towards commissioning or financial close. The government has harnessed multilateral support for its own schemes and taken important steps towards creating a more commercial environment, including the reduction of some subsidies and the introduction of legislation to restructure the sector.

Egypt
Subscriber

Tanzania has seen a new development impetus since John Pombe Magufuli took over as president on 5 November following October’s elections. His government is in talks with Uganda and Total to route a planned oil export pipeline from Lake Albert to Tanga port, instead of the route to the Kenyan coast favoured by Nairobi and Tullow Oil, and in January, Tanzania Petroleum Development Corporation (TPDC) finalised the purchase of 2m hectares of land at Mchinga Bay, north of Lindi, for a planned two-train liquefied natural gas (LNG) terminal, enabling work to go ahead on developing the project.

Tanzania
Issue 320 - 24 March 2016

Senegal: Tobene IPP commissioned

Subscriber

President Macky Sall on 14 March formally inaugurated the 70MW Tobene independent power project (IPP), developed by Melec PowerGen with funding from the International Finance Corporation (IFC). The plant, developed on a build-own-operate basis, will run initially on heavy fuel oil (HFO) but is designed for easy conversion to gas. IFC spokeswoman Zibu Sibanda told African Energy that gas supply could eventually come from recent discoveries offshore Mauritania and Senegal and, in the meantime, the country was considering importing LNG to a floating regasification unit.

Senegal
Subscriber

The Ministry of Water and Energy is evaluating a feasibility study for the construction of five small-scale hydro-power plants to be built and managed by local private investors. The Ethiopian embassy monthly newsletter said four cooperatives and a private investor from the Southern region had been selected by the ministry’s Rural Electrification Fund to invest in the projects.

Ethiopia