African News

Exxaro purchases 50% stake in renewable IPP

Sep 18, 2019

Exxaro Resources has signed an agreement with Khopoli Investments, to acquire a 50% shareholding in independent power producer (IPP) Cennergi for R1,55 billion. Engineering News has reported that this will give Exxaro 100% ownership of the IPP and is in line with Exxaro’s vision of expanding its scope within the energy sector. Cennergi owns the 134MW…

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Ghana IPPs refuse to renegotiate electricity purchase agreements

Sep 18, 2019

In Ghana, independent electricity producers warn that they will not accept the renegotiation of their contracts, as envisaged by the government. This position was communicated by Elikplim Kwabla Apetorgbor (pictured), the executive director of the Chamber of Independent Power Producers. The organization has nine members who provide about 1,500 MW of the 2,525 MW generated in the…

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Public-Private investor partnership commits to impact fund for renewables in Africa

Sep 18, 2019

A partnership of public and private investors today signed an agreement to carry out the first round of equity funding for small and medium-sized (1-10 MW) clean energy plants, initially focusing on Africa. Titled Empower Invest, the fund will contribute to the know-how and equity to implement solar PV, small hydro and hybrid plants. It will…

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Vitol, Mozambique’s ENH form LNG trading JV

Sep 18, 2019

Global energy trader Vitol and Mozambique’s state oil firm ENH have launched a trading joint venture called ENH Energy Trading, Vitol said on Tuesday, to focus on liquefied natural gas (LNG), liquefied petroleum gas and condensate. The new entity will be incorporated and based in Singapore. ENH will hold a 51% stake, while Vitol will…

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Libya has restored storage capacity at Ras Lanuf terminal – NOC

Sep 18, 2019

Storage capacity at Libya’s key 220,000 b/d Ras Lanuf oil terminal has increased following renovation work, state-owned National Oil Corporation said late Tuesday, after a number of storage tanks were destroyed by Islamic State militants in January 2016. “This will help prevent forced oil field shutdowns, especially during winter weather which can disrupt port operations,”…

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SDX Eenergy announces successful MSD-19 well in Egyptian concession

Sep 18, 2019

AIM-listed SDX Energy, the North Africa focused oil and gas company, has announced that the MSD-19 development well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator) has encountered a commercial oil accumulation. The well was drilled to a total depth of 4,665 feet and encountered approximately 135 feet of net heavy oil pay across…

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Europa Oil & Gas announces award of large exploration licence offshore Morocco

Sep 18, 2019

Europa Oil & Gas has been awarded the Inezgane Offshore Permit covering an area of 11,228 sq km in the Agadir Basin, offshore Morocco.  A formal letter of award from the Office National des Hydrocarbures et des Mines (‘ONHYM’) is expected shortly and, following confirmation of its acceptance, Europa will be assigned a 75% interest…

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Experts call on Ghanaian Govt to stop sale of fossil fuel vehicles to save environment

Sep 18, 2019

Government should enact a law that will ban the importation, use and sale of fossil fuel vehicles, participants at a two-day workshop on climate change have advocated. Fossil fuel comprises hydrocarbons, primarily coal, fuel oil or natural gas, formed from the remains of dead plants and animals. The participants added that the decision was to…

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Kenya Power to implement energy loss reduction programme

Sep 18, 2019

Kenya Power has confirmed ongoing initiatives to further enhance power system loss reduction measures in its electricity distribution network countrywide. The Company says it has developed a strategic medium-term Loss Reduction Initiative Programme, geared at lowering technical and commercial losses in transmission of electricity, from 21 percent to less than 15 percent in line with…

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Talks stall between Egypt and Ethiopia over Nile dam project

Sep 18, 2019

Egypt has accused Ethiopia of being “unfair” in talks over a massive dam project. The impasse has occurred due to technical aspects related to the filling and operating of the multi-billion dollar project. Negotiations between Cairo and Addis Ababa over a Nile dam being built by Ethiopia have stalled, Egypt said on Monday. Egypt, which…

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