Hundreds of customers will remain in the dark as power distributor Umeme Ltd has suspended free electricity connections under the electricity connections policy (ECP) over lack of funds. A June 15 letter by Umeme managing director Selestiono Babungi indicates that the power distributor is demanding payment of $25m (Shs93.8b) from Rural Electrification Agency (REA) for…
Read MoreThe International Development Association (IDA), a subsidiary of the World Bank Group, has just approved a loan of 385 million dollars for Cameroon and Chad. The funds will be used to finance an electricity interconnection project between the two Central African countries. The Board of Directors of the World Bank Group has just approved the…
Read MoreBurkina Faso’s national energy supplier, SONABEL, has worked with MAN Energy Solutions to increase generation capacity by 55MW with the expansion of one of its power plants. Located in Kossodo – a suburb of the capital city, Ouagadougou – the extension will use three MAN 18V51/60TS engines to increase generation capacity by almost 20%. “At…
Read MoreKenya Power and Lightning company has issued a profit warning for its financial earnings closing on June 30, 2020, saying its earnings will be much lower than those of the previous year. The electricity distributor has attributed the projection to the COVID-19 pandemic, saying it has adversely affected business operations leading to slow growth in…
Read MoreCONTRACTORS implementing a rural electrification project phase III (round one) who will fail to finish their assignments by the end of this month, will have their contracts terminated. Rural Energy Agency (REA), Acting Director General Amos Mganga said there would be no extension of contract time, instead they would have terminated their contracts by going…
Read MoreGabon Oil & Power, taking place on March 15-16, 2021, in Libreville, will be the leading investment platform for Gabon’s oil, gas and power industries; The conference will showcase the country’s investment appeal which includes a long-established history of oil discoveries, a renewed and attractive petroleum code and a new push for power generation projects;…
Read MoreThe African Development Bank Group (AfDB) on June 16, 2020, announced the conclusion of a negotiated settlement agreement with Sieyuan Electric Co. Ltd., a China-based contractor, thus resolving various sanctionable practices committed by the company. In 2015, Sieyuan participated in a tender for the upgrade and rehabilitation of two substations, a component of the Bank-financed…
Read More417 localities in six regions of Cameroon will have increased access to electricity thanks to a $ 150 million loan from the World Bank. 1 million people will be affected by this loan agreement signed between the Minister of the Economy and the representative of the World Bank. The rate of access to rural electricity…
Read MoreNotwithstanding the ongoing crisis in the oil sector globally that has led to significant drops in government revenue, the Angolan Government has said it remains ever more committed to the diversification of the country’s economy away from oil revenue dependence. The government’s push to increase production nationally and hence reduce imports, especially food imports, consists…
Read MoreTogo, Niger, and Benin Republic did not pay their N32.04 billion bills for the electricity Nigeria supplied to them in 2019, the Nigerian Electricity Regulatory Commission (NERC) said. According to data obtained by The Premium Times from the NERC, the three countries received a total invoice of N32.04 billion for the electricity supplied to them…
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