African News

Karoshoek Solar One project goes live in South Africa

Dec 5, 2018

100MW of new solar power was added to the grid, as the Karoshoek Solar One project went live in Upington, Northern Cape. This project is the latest success of Government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) which mobilises private capital and expertise to provide renewable energy to Eskom. With the current pressure on…

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Tanzania’s TANESCO seeks to pre-qualify bidders for MV 33kV construction

Dec 5, 2018

The Tanzania Electric Supply Company Ltd (TANESCO) intends to pre-qualify contractors for construction of Medium Voltage (33kV) and Low Voltage (0.4kV) and installation of new distribution transformer substations and other associated works. Contractors, who were pre-qualified before 2015, must apply regardless of their pre-qualification validity status. Bidders are free to quote for all lots listed…

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Norway’s Equinor, Tanzania to begin talks over LNG project

Dec 4, 2018

Norway’s Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday. Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, Equinor, a majority…

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60MW solar plant to end blackouts in Malawi

Dec 4, 2018

Malawian President Peter Mutharika on Monday launched the construction of a 60MW solar plant at Kanzimbe in Salima, a township in the central region of the country. The solar project is going to be spearheaded by JCM Matswana Solar Energy and will sell the generated power to Escom after the power purchase agreement has been…

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WAPCo considers gas tariff review as Ghana gas projects begin to come onstream

Dec 4, 2018

The West African Gas Pipeline Company Limited (WAPCo) and the West African Gas Pipeline Authority (WAGPA), concerned about losing its market in the West Africa sub-region over its high gas tariff regime have commenced discussions to amend its tariff structure to stay competitive in the market. Currently, the company produces 95 million standard cubic feet…

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Pétro Ivoire gets $22m mezzanine funding from Vantage Capital

Dec 4, 2018

Vantage Capital, Africa’s mezzanine fund manager, has announced that it has provided US$22mn of mezzanine funding to Pétro Ivoire, a distributor of oil and gas products in Côte d’Ivoire. Vantage’s funding has enabled the founding family, Kadio-Morokro, to regain a controlling equity stake in the company by facilitating the buy-back of equity from two exiting…

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Tlou Energy completes top-hole drilling at the Lesedi CBM project in Botswana

Dec 4, 2018

Tlou Energy, the ASX, AIM and BSE listed company focused on developing gas-to-power projects in southern Africa using coal bed methane (‘CBM’) natural gas from its field in Botswana, has provided an update on drilling operations at the Lesedi CBM Project. Key Points: Top-hole drilling for both lateral and vertical sections for production pods ‘Lesedi 3’,…

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Equatorial Guinea calls on oil producers to ‘stand together’

Dec 4, 2018

The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has called for unity among oil producing ahead of this week’s 175th ordinary meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna. The meeting will be a critical juncture for the organization as it grapples with declining oil prices and a…

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AfDB loans Senegal €51m for Malicounda power plant

Dec 3, 2018

The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a 120-megawatt combined-cycle dual-fuel diesel power plant in Malicounda, Senegal. The project also includes the construction of a transmission line some 200 meters long which will connect the power…

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AfDB approves $18.17m for the Kopere solar project in Kenya

Dec 3, 2018

The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange. The Bank is also in the process of securing a US$ 11.6 million concessional loan from…

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