Eni and ETAP inaugurate new photovoltaic plant in Tunisia

Dec 12, 2019

Eni’s subsidiary, Eni Tunisia BV, inaugurated a new photovoltaic plant in partnership with the national company, Entreprise Tunisienne d’Activités Pétrolières (ETAP). The plant is in the Adam concession in the south of Tataouine Governorship, where Eni is the operator. The installation, built near the production plant, will produce solar energy using an offgrid operational configuration.…

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EIB and TDB lend $120m to African SMEs for renewable energy

Dec 12, 2019

The European Investment Bank (EIB) has recently partnered with the Eastern and Southern African Trade and Development Bank (TDB) to open a USD 120 million credit line. It is intended to finance renewable energy projects for small and medium-sized enterprises (SMEs). The 9th Summit of Heads of State and Government of African, Caribbean and Pacific…

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Total commences seismic operations offshore South Africa

Dec 12, 2019

JV partner Africa Energy, an oil and gas company with exploration assets offshore South Africa and Namibia, has announced the start of new marine seismic acquisition programs on Block 11B/12B offshore South Africa. The 2D seismic program has now commenced, and the 3D seismic survey is expected to begin later this month. Garrett Soden, Africa…

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Exim Bank India provides $5m for supply of solar energy to 50 villages in Niger

Dec 12, 2019

The Nigerian Ministry of Energy has passed an amendment for the implementation of the project of rural electrification of several localities in solar photovoltaic energy. This project will be carried out by Super Solar Energies for 2.9 billion FCFA ($ 4.9 million), thanks to financing from Exim Bank India. The initiative is part of the…

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Uganda power distributor receives IFC-arranged $70m loan

Dec 12, 2019

International Finance Corp. arranged a syndicated loan of $70 million for Umeme Ltd. to enable the Ugandan power distributor to expand its network and deliver electricity to more homes and businesses. Standard Bank Group Ltd.’s and Standard Chartered Bank Plc’s local units and the Dutch Development Bank were the other lenders that participated in the…

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AfDB validates regional power acceleration programme

Dec 12, 2019

The African Development Bank has validated a study report on enhancing regional and sub-regional power projects to enhance energy access and integration across the continent. The report, entitled ‘Regional and sub-Regional Power Project Acceleration Programme,’was validated at a three-day workshop organised in collaboration with the Africa Union Development Agency (AUDA-NEPAD) on the sidelines of the…

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Norwegian Norfund invests in WeLight to help light up Madagascar

Dec 12, 2019

Norfund has closed an investment agreement with the mini-grid company We Light. The aim is to build mini-grids in hundreds of villages in Madagascar, and thereby improve the rural populations access to cheaper and more reliable electricity – at work and at home. We Light will also explore opportunities elsewhere in Africa. Madagascar is one…

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AfDB allocates €245m to Morocco for connection of 720 villages to the national power grid

Dec 12, 2019

The African Development Bank has just granted 245 million euros of financing to Morocco for the implementation of the program for the development of electricity transmission and rural electrification networks. By increasing the transit capacity of the national grid, the initiative aims to improve the security and efficiency of electricity supply. Overall, it will improve…

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Ghanaian oil firm Springfield discovers 1.5bn barrels of oil

Dec 12, 2019

Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, officially announce significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana. Afina-1 which is located at a water depth of 1030 metres was drilled to a…

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Fenix Solar connects 40,000 homes in Benin in one year

Dec 12, 2019

Next-generation energy company Fenix International. a subsidiary of ENGIE, has surpassed its previous rapid growth rates and connected 40,000 households to solar power in Benin, representing 200,000 people, within just one year of launching sales in the country. Only 34% of Beninois have access to electricity, with rural residents still further behind at a 16%…

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