African News

Uganda’s Isimba hydropower dam to be commissioned by late January

Jan 17, 2019

The Uganda Electricity Generation Company Limited (UEGCL) is set to commission the 183MW Isimba hydropower dam by the end of this month. UEGCL corporate affairs’ manager, Simon Kasyate, revealed this in an interview with the Daily Monitor on Saturday. It is reported that the dam’s four Kaplan turbine generator units were up and running by…

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Bad weather forces Libyan ports to shut

Jan 17, 2019

Libyan shipping sources confirmed the closure of oil and non-oil ports in Libya on Tuesday, because of severe weather conditions “Tankers are waiting to be loaded at the oil harbours in Ras Lanuf, Sidra, Zueitina, Zawiya, and Huraika,” the sources told Reuters. The National Oil Corporation (NOC) announced in early December last, the closure of…

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Algeria eyeing Exxon deal – Sonatrach CEO

Jan 16, 2019

Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday. “We are very optimistic and things are moving in the right direction so we will conclude with Exxon and have our trade JV,” Abdelmoumen…

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Uganda to sanction power distributor

Jan 16, 2019

Uganda aims to impose financial penalties from March, on its sole power distributor, Umeme Limited, for any frequent and prolonged supply outages, the regulator said. The public has long complained about high tariffs and long power cuts, while unreliable supplies add extra costs to businesses, which often run costly stand-by generators to keep operations going…

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South Africa aiming to finalise long-term energy plan next month – Minister

Jan 16, 2019

South Africa is aiming to finalise a long-term plan for the country’s energy mix next month, and once that is done it will launch another round of renewable energy deals, Energy Minister Jeff Radebe said on Wednesday. “We are aiming for February,” Radebe told Reuters, when asked when the Integrated Resource Plan (IRP) would be…

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Eskom elaborates on its request for 15% increase in tariff

Jan 16, 2019

On Monday, Eskom shared the rationale for its average annual electricity increase application of 15% for three years under the fourth Multi-Year Price Determination (MYPD4) and Regulatory Clearing Account (RCA) balance application for 2018 made to the National Energy Regulator of South Africa (NERSA). Eskom’s executives presented their case to stakeholders attending the Cape Town…

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Tlou Energy announces recommencement of drilling at the Lesedi CBM project, Botswana

Jan 15, 2019

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 gas field in Botswana, has announced that the Company’s operational team has recommenced Production Pod drilling at its advanced stage Lesedi CBM project. Key Points: Drilling of lateral wells at…

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Off-grid solar platform BBOXX receives $31m AIIM cash boost

Jan 15, 2019

Off-grid solar power provider BBOXX has secured a USD-31-million (EUR 27m) investment from the Africa Infrastructure Investment Managers (AIIM) fund that will enable it to install two million solar systems in Africa by 2022. The investment, made through the AIIF3 fund, will give Africa’s largest infrastructure-focused private equity fund manager a minority stake in the…

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KenolKobil board okays takeover by French firm Rubis Energie

Jan 15, 2019

The board of NSE-listed oil marketer KenolKobil has endorsed the proposed takeover of the firm by French company Rubis Energie. Following the approval by the board, shareholders have until February 18 to accept or reject the offer. “After deliberations and on the basis of independent financial advice, the directors (of KenolKobil) are recommending to the…

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Libya’s GECOL says third turbine of Ruwais power plant back to service

Jan 14, 2019

The General Electricity Company of Libya (GECOL) confirmed the return of the third unit at Ruwais power station to service after a suspension that lasted for hours. “Around 140 MW of generation was restored to the public network after the maintenance of the stalled unit at Ruwais station, located in the Municipality of Hawamd,” GECOL…

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