Angola, UAE sign energy and waters agreement

Jan 17, 2019

The authorities of Angola and the United Arab Emirates (UAE) last Monday signed three agreements in the domain of production, transportation and supply of electric power and drinkable water. The memoranda of understanding were signed by the Angolan minister of Energy and Waters, João Baptista Borges, and UAE’s Sheikh Ahmed Dalmook Al Maktoum, on the…

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Tanzania’s Rufiji hydropower plant to kick-off in June

Jan 17, 2019

Construction works on the 2,115 megawatts Rufiji hydro-power plant at Stiegler’s Gorge along Rufiji River is expected to commence in June, this year. Tanzania’s Energy Minister Medard Kalemani explained over the weekend that setting up of enabling infrastructure for the project execution, including construction of linking roads; electricity and water supply have been completed by…

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Turkana wind farm hits 99% electricity generation

Jan 17, 2019

Africa’s largest wind farm in northern Kenya on Monday hit 99 per cent electricity generation for the first time since launch four months ago. Lake Turkana wind plant generated and injected into the national grid 307 megawatts (MW) of clean power Monday morning, out of its maximum capacity of 310 MW. This translates to a…

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Key African Central Banks to hold rates on CPI, oil prices

Jan 17, 2019

Africa’s key central banks are expected to hold benchmark interest rates at their first meetings of the year albeit for different reasons. While the drop in oil prices could give South African and Kenyan policy makers room to hold off on further rate increases, currency pressures could keep the central bank in Ghana from considering…

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Leigh Creek signs HoA with Africary for use of PCD plant in S. Africa

Jan 17, 2019

Australia’s Leigh Creek Energy has signed a heads of agreement with African Carbon Energy covering its pre-commercial demonstration plant in South Australia. The agreement provides the framework for the negotiation of one or several legally binding agreements, including a lease agreement, sale and purchase agreement and service agreement. The agreements, in the first instance, would…

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Tullow prepares to drill 7 wells in Ghana

Jan 17, 2019

Tullow Oil is set to drill and complete seven wells on its two major fields off Ghana this year as it targets a ramp-up in production. The Anglo-Irish independent is also ready to bring online the second of two new producers drilled on the Tweneboa-Enyenra-Ntomme field last year in about a month. The seven fresh…

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W’ Bank to mobilise $50bn for climate change adaptation

Jan 17, 2019

The World Bank Group on Tuesday launched its Action Plan on Climate Change Adaptation and Resilience,which will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level an average of $10 billion a year is more than double what was achieved during FY15-18, the Bank noted. The World Bank Group…

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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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