Alternative Energy

Proparco finances Metier II for renewable energies and resources in Africa

Jan 17, 2020

Proparco, the subsidiary of the French Development Agency (AFD), participated in the Metier Sustainable Capital International Fund II. The fund was created to finance renewable energy (RE) and resource efficiency projects. After the African Development Bank (AfDB), it is Proparco’s turn to participate in the Metier Sustainable Capital International Fund II. The subsidiary of the…

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Low rainfall hampers power generation in Namibia

Jan 17, 2020

Local electricity generation decreased last year mainly as a result of inadequate water inflow into the Ruacana hydropower plant. This was due to poor rainfall received between January and March 2019 in both northern Namibia and southern Angola, compared to the same period in 2018. The hydropower plant requires consistent supply of large volumes of…

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Sudan, Poland discuss cooperation in energy fields

Jan 17, 2020

The Minister of Energy and Mining Eng. Adel Ali Ibrahim has discussed with the Consul of the Republic of Poland to Sudan, in the presence of the representative of the Polish KGHM Company, ways of cooperation between the two countries in the field of gold, iron and coal mining. The Minister said that they hoped…

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Infinity Energy, Masdar sign JV for African renewables market

Jan 17, 2020

The Egyptian company Infinity Energy and the energy company Masdar have just signed an agreement to create a joint venture, Infinity Power which will allow the two entities to join forces to conquer the African renewable energy market . Taymour Aboul Kheir, the investment manager of the new company which will start its activities in…

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SA’s nuclear energy body left without a board as members resign

Jan 17, 2020

The Department of Mineral Resources and Energy (DMRE) notes the resignation of the remaining members of the Board of NECSA [ South African Nuclear Energy Corporation. From the time of his appointment, the Minister has stated as one of his key priorities the stabilising of entities, and ensuring good governance in entities in the minerals…

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Engie and Nareva to construct 100MWp solar power plant in Tunisia

Jan 16, 2020

A consortium formed by the French company Engie and the Moroccan company Nareva has been chosen to build a photovoltaic solar power plant in the governorate of Gafsa. This installation will have a capacity of 120 MWp. The construction of a photovoltaic solar power plant in the governorate of Gafsa is taking shape. A consortium…

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ADFD funds two renewable energy projects in West Africa

Jan 16, 2020

The Abu Dhabi Fund for Development (ADFD) is financing two solar and hydropower electrification projects in two West African countries. The UAE fund is devoting 18 million dollars to the projects. The Abu Dhabi Fund for Development (ADFD) once again signed financing agreements for two renewable energy electrification projects with two West African countries. This…

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Trafigura acquires 49.9% stake in Kita solar plant, Mali

Jan 16, 2020

The trader of basic products Trafigura has just acquired shares in the Kita solar power plant in Mali. The infrastructure with a capacity of 50 MW would have an estimated value of $ 78 million. Trafigura acquired a 49.9% stake through PASH Global, an investor and developer of renewable energy. This acquisition is part of…

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Egypt, Ethiopia, Sudan and U.S. put out joint statement on Grand Ethiopian Renaissance Dam

Jan 16, 2020

The Ministers of Foreign Affairs and Water Resources of Egypt, Ethiopia and Sudan and their delegations met with the Secretary of the Treasury and the President of the World Bank, participating as observers, in Washington, D.C. on January 13-15, 2020. The Ministers noted the progress achieved in the four technical meetings among the Ministers of…

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Kenya green bond finally listed on stock exchange

Jan 16, 2020

Acorn Holdings has traded its green bond for approximately $42 million on the Nairobi Securities Exchange. The real estate company is planning a second listing on the London Stock Exchange. The funds will be used to build environmentally friendly and affordable housing for 5,000 students. Green finance is being modernised in East Africa. The very…

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