Solar mini-grids for rural electrification in Africa and Asia to double within 3 years

Mar 5, 2020

Over 3,000 mini-grids are expected to be built by end-2022 in Africa and Asia, according to a new report, Mini-grids for Village Electrification: Industry and African & Asian markets analysis – 2020 Edition, issued by Infinergia. The research company analysed the recent developments of this market in over 20 African and 11 Asian countries. 2019’s announcements confirm…

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Libya’s Zawiya Refinery controls fire caused by technical error

Mar 5, 2020

Libya’s National Oil Corporation (NOC) confirms that workers in Zawiya Refinery were successful in controlling a fire that was caused by a technical error in the asphalt tank. Health and safety measures were followed and no one was harmed as a result of the accident. The fire is now extinguished. Early investigations confirmed that the…

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Predator Oil and Gas receives approval of Guercif drilling EIA in Morocco

Mar 4, 2020

Predator Oil & Gas has provided a further update on its drilling plans for the Guercif Permits I, II, III and IV onshore Morocco. Predator (75%) operates Guercif in joint venture with the Office National des Hydrocarbures et des Mines (‘ONHYM’) acting on behalf of the State (25%). Approval of Environmental Impact Assessment (‘EIA’) Environmental…

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Tanzanian Govt assures national grid electricity to Kagera residents

Mar 4, 2020

ENERGY Minister, Dr Medard Kalemani has assured Kagera residents that by May, this year about 95 per cent of the villages will be connected to the national grid. Dr Kalemani revealed the information during his talks with Kagera Regional Commissioner (RC), Brig Gen Marco Gaguti when he paid him a short visit on Thursday afternoon…

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Fuel prices in Rwanda decrease slightly

Mar 4, 2020

Rwanda Utilities Regulatory Authority (RURA) Tuesday announced a slight fall in fuel prices for both petrol and diesel. In a statement, RURA said that effective this Wednesday, February 4, a litre of petrol will cost Rwf1,088, down from Rwf1,091. Diesel will now cost Rwf1, 073, down from Rwf1,084. The regulatory body attributed the latest drop…

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SA focused Universal Coal on track to meet 2020 targets

Mar 4, 2020

Universal Coal, a mining company active in the exploitation of coal in South Africa, has maintained its financial targets for fiscal year 2020 (which ends in June). It plans to record an EBITDA of 73 million Australian dollars, and to sell 7.9 million tonnes of coal. For the six months ended December 2019, the company…

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SDX Energy announces update on drilling operations in Morocco and Egypt

Mar 4, 2020

SDX Energy, the MENA-focused oil and gas company, has provided an update on drilling operations in Morocco and Egypt. Highlights Play-opening BMK-1 well in Morocco reached depth of 1,551 meters, encountering commercial quantities of gas in both target horizons. Confirms Morocco core productive area extends north, de-risking c.20 bcf of P50 prospective resources. Expected to…

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OPEC+ countries to discuss ‘substantial’ oil output cuts – Algeria Energy Minister

Mar 4, 2020

Algeria energy minister and OPEC president said on Tuesday OPEC+ countries will discuss new “substantial” oil production cuts at their meetings in Vienna this week, Algerian state news agency APS reported. “We will discuss the possibility of a new substantial cut by withdrawing from the market the quantities that are not consumed due to the…

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IDA provides $160m to improve the living conditions in Burundi through solar

Mar 4, 2020

The World Bank has just allocated two grants worth a total of $ 160 million to improve essential services in remote rural communities in Burundi using solar energy. This funding has been allocated through the International Development Association (IDA). $ 100 million in subsidies will go to the Solar Energy in Local Communities (SOLEIL) which…

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Persistent Energy raises $8m to provide solar off-grid in Africa

Mar 4, 2020

Persistent Energy Capital LLC, a venture capital firm has just raised $8 million through a crowdfunding action. The funds will be reinvested in solar energy providers in Africa. Persistent Energy Capital LLC has increased its capital. The Zurich-based venture capital firm, which is very active in the African solar energy sector, has just raised 8…

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