African News

Open-ended load-shedding will hurt Zesco, Zambian economy – Experts

May 31, 2019

The Zambia Energy Forum has described Zesco’s planned open-ended load-shedding as unfortunate and warned the measure would cost Zesco revenue and negatively affect the economy. Energy Forum Zambia chairperson Johnstone Chikwanda said Zesco’s planned load shedding would have an adverse impact on businesses, affect households and significantly reduce earnings for Zesco itself and industry in…

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Steigler’s Gorge hydropower project, two others to gulp Sh1.9trn in Tanzania’s 2019/2020 budget

May 31, 2019

The Minister for Energy, Dr Medard Kalemani, asked the Parliament to approve a total of Sh2.142 trillion for his ministry for the financial year 2019/20 on Tuesday, May 28, 2019, saying 95.1 per cent of the cash will be spent on three strategic projects. The amount sought for approval during the 2019/20 financial year is…

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Aker Energy remains hesitant over use of FPSO Dhirubhai-1 offshore Ghana

May 31, 2019

Norwegian oil and gas company Aker Energy has decided to extend the option period for the long-term charter of Ocean Yield’s FPSO Dhirubhai-1. On February 12, 2019, Ocean Yield entered into an option agreement with Aker Energy for a long -term bareboat charter of the FPSO Dhirubhai-1. The option period expired on May 1 but was extended until May…

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Zimbabwe Govt warns against fuel price increases as dealers begin trading product at $8

May 31, 2019

Government has ordered fuel dealers to stick to prices announced by the Zimbabwe Energy Regulatory Authority (ZERA) a week ago amid reports Tuesday the price of the scarce commodity was going up again. On Tuesday, fuel turned more scarce in central Harare with reports service stations were deliberately keeping the product in anticipation of a…

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Algerian gas exports down in 2018 – Sonatrach

May 31, 2019

Sonatrach, Algeria’s state-run oil and gas firm, reported that the North African country’s natural gas exports for 2018 were down compared to its totals in 2017.  According to the company, Algeria exported 51.5 Bcm of gas in 2018, down from 54 Bcm in 2017. Of the total exported last year, 75% was through pipelines and 25% via LNG shipments,…

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Debt-ridden Tanzania power utility firm to register Sh9bn operating profit this year

May 31, 2019

The Tanzania Electric Supply Company Limited (Tanesco) has reached a breakeven point and will start making profits this year, a cabinet minister said on Wednesday. The Minister for Energy, Dr Madard Kalemani told the Parliament that during the 2019 calendar year, Tanesco will make Sh9 billion in operating profit. Dr Kalemani was responding to MPs’…

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Seychelles seeks proposals for floating utility scale solar energy system

May 31, 2019

Seychelles has launched a call for proposals for the installation of Africa’s first utility-scale Floating Solar Photovoltaic (PV) system, an official of the energy commission said. The call was released last week to eight bidders that were selected in the first phase of the project. Proposals will be evaluated against a set of technical and…

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African Petroleum to merge with Petronor in June

May 31, 2019

Reference is made to the extended stock exchange announcement released on 19 March 2019 by African Petroleum regarding the agreement to combine with PetroNor E&P for an all share consideration of c. 816 million shares in African Petroleum. Subject to fulfilment of the conditions for completion of the Transaction, as further set out in the extended stock exchange announcement, completion of…

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Russia and Congo sign agreement over the peaceful use of atomic energy

May 31, 2019

Russia and Congo have signed the intergovernmental agreement of the cooperation in the peaceful uses of atomic energy. It was signed during an official visit of President of the Republic of Congo Denis Sassou Nguesso to Moscow. The signing of the Agreement greenlights the start of an active nuclear dialogue between Moscow and Brazzaville. It…

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Voltalia secures 55MW solar plant construction job in Kenya

May 30, 2019

French renewable power producer Voltalia SA (EPA:VLTSA) has won a contract to build a 55-MW solar park in Kenya for independent power producer Alten Energias Renovables. Under the deal, awarded through a competitive selection, Voltalia will install the photovoltaic (PV) plant in the municipality of Eldoret, Uasin Gishu state. Additionally, it will deliver operation and maintenance…

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