Alternative Energy

Six nations in West/Central Africa to establish common framework for solar procurement

Sep 6, 2019

In order to further develop solar energy, Benin, Burkina Faso, Gabon, Mali, Niger and Togo met in Lomé this week, with the aim of setting up a framework supranational procurement through the aggregation of demand and the definition of a guarantee mechanism common to the acceding countries. Ultimately, it is a question of lowering the…

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Namibians cautious over costs of installing solar energy

Sep 6, 2019

27-year-old entrepreneur Silvanus Nampolo believes Namibians are not keen to install solar energy panels at their homes because of high costs. “Most people might want to install solar energy, but they are afraid of the initial high cost involved. They do not realise the huge benefits they will get using a solar system in the…

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Kibo Energy seals deal with Vale Mozambique on coal, power supply

Sep 5, 2019

Energy company Kibo Energy, which is active in Mozambique on the Benga power plant project, has signed a memorandum of understanding with Vale’s local subsidiary this week. Under the terms stated, Vale Mozambique will sell coal produced on its mines to the Benga power station for the 25 years of its life, and will buy the…

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Zambia, Brazil in renewable energy pact

Sep 5, 2019

Zambia is making positive strides towards securing agreements with Brazil in renewable energy industry, Zambia’s Ambassador to Brazil Alfreda Kansembe-Mwamba has said. Dr Kansembe-Mwamba, said Brazil had shown willingness to develop a biofuels industry in Zambia as a key driver to economic development. She said this following a consultative seminar on biofuels which was held…

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Neho to begin construction of Sahofika hydropower project in early 2020

Sep 5, 2019

The Neho consortium, which is developing the Sahofika hydroelectric project, will start work by early 2020. A final framework agreement on the project has recently been signed with the Madagascar government. Construction of the Sahofika hydroelectric dam will start in early 2020. This is the result of an agreement that has just been signed between…

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GreenFuel doubles ethanol production in Zimbabwe

Sep 5, 2019

Ethanol producer GreenFuel has doubled production to 380 000 litres a day since the introduction of the blending ratio E20, saving the country US$10 million a month in fuel imports. Fuel that is consumed in Zimbabwe is blended with ethanol. GreenFuel produces ethanol at its Chisumbanje Estate, where it invested millions. It generates ethanol from…

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Egypt to construct EV manufacturing and repair center

Sep 5, 2019

Revolta Egypt aims to build the country’s first electric vehicle (EV) manufacturing factory and maintenance centre in H2 2019, in addition to a 5 megawatt (MW) solar plant in Ain Sokhna, according to Zawya. The EV factory will be located in 6th of October City and will be set up in collaboration with Ukrainian firm Eco…

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Evolution II raises $216m to invest in African renewable energy projects

Sep 4, 2019

Investment management business Inspired Evolution has secured a further $87.75-million in commitments from CDC Group, Cyane Holdings, the European Investment Bank, KLP Norfund Investments, Morgan Stanley Alternative Investment Partners and a US healthcare system, to reach total capital commitments of $216-million at final closing of its Evolution II Fund. “We are pleased to have secured…

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Solar firm PEG receives $5m to grow in West Africa

Sep 4, 2019

ElectriFI, an impact investment facility funded by the European Union and other partners, has provided USD 5 million (EUR 4.6m) to West Africa-based pay-as-you-go solar company PEG Africa. The fresh subordinated junior debt will allow the solar installer and financier to continue its rapid growth in existing markets. At present, PEG serves about 400,000 daily…

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World Bank pledges support for Rwanda’s universal electricity agenda

Sep 3, 2019

The World Bank will continue to work with the Government of Rwanda to support its quest to connect the whole nation to electricity. The pledge was made yesterday by the World Bank Country Manager, Said Yasser El-Gammal, at a ceremony to sign a $125m (approximately Rwf112bn) credit agreement that will cater for the expansion of…

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