The Board of Executive Directors of the World Bank Group today approved a total amount of $420 million of International Development Association (IDA)* grants and guarantees to strengthen Mozambique’s transmission capacity for domestic and regional markets and increase electricity generation capacity through private sector investment. The project will also benefit from a co-financing of $24…
Read MoreTHE Minority Caucus in Parliament has rang the alarm bell over what it said was “the ever rising and crippling debt” in the energy sector. The caucus claimed President Nana Addo Dankwa Akufo-Addo, had not only failed to appraise Ghanaians on the accumulating debt, but had at various fora, “sought to mislead the public about…
Read MoreSenior Swapo politicians are pushing for a private company to replace the Lüderitz Town Council in distributing electricity in an estimated N$100 million deal, flying in the face of concerns it could destroy the council’s financial position. At present, the southern town council’s electricity division consistently makes a profit. Draft agreements seen by The Namibian…
Read MoreElectricity tariff has been increased by 11.17 per cent, effective Monday, July 1, this year, the Public Utilities Regulatory Commission (PURC) which approved the hike has announced. The 2019-2020 major tariff review decision followed “prudent” cost review and effective monitoring undertaken by PURC, a statement issued by Mrs Mami Dufie Ofori, executive secretary, in Accra…
Read More“Metered customers will be billed for payment at the end of the month, while unmetered customers will be placed on flat-rate … based on consumption or load,” LEC says Authorities of the Liberia Electricity Corporation (LEC) have disclosed that customers in Grand Gedeh and Maryland counties will commence payment of electricity bills beginning June. According…
Read MoreThis week, at the biennial U.S.-Africa Business Summit organized by the Corporate Council on Africa in Maputo, a number of African Heads of State as well as other senior government leaders rubbed shoulders with an impressive line-up of Trump administration officials. Deputy Commerce Secretary Karen Dunn Kelley and USAID Administrator Mark Green outlined the administration’s…
Read MoreGovernment will soon table a Special Appropriation Bill aimed at allocating financial support to power utility Eskom, President Cyril Ramaphosa said on Thursday. Delivering the first State of the Nation Address (SONA) of the sixth administration, President Ramaphosa said Eskom, which is currently experiencing financial challenges, is vital to the South African economy and cannot…
Read MoreMozambican President Filipe Nyusi on Thursday met in Maputo with his Zimbabwean counterpart, Emmerson Mnangagwa, who is attending the Africa-United States Business Summit in the Mozambican capital. Speaking to reporters afterwards, Mnangagwa made it clear that the main purpose of the meeting was to request more electricity from Mozambique. Currently Zimbabwe imports 50 megawatts from…
Read MoreZimbabweans will have to endure the current power crisis as government has indicated that there is no quick solution to the crisis. Energy Minister Fortune Chasi told a post-Cabinet media briefing in Harare, Tuesday that water levels at the country’s major electricity plant Lake Kariba has gone down to its lowest level ever while State…
Read MoreThe Power Distribution Services (PSD) yesterday gave the assurance that the power outage which hit the Volta and Oti regions on Tuesday would be restored soon. The two regions have been thrown into darkness since Tuesday afternoon, following an explosion at an installation of the Power Distribution Services (PDS) at Asiekpe, which cut off their…
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