Power

IFC arranges finance package for Azito Phase 4 power plant in Côte d’Ivoire

Jul 26, 2019

IFC, a member of the World Bank Group, Globeleq Africa Holdings Limited (Globeleq), a leading independent power producer in Africa, and Industrial Promotion Services (West Africa) (IPS (WA), a member of the Aga Khan Fund for Economic Development (AKFED), committed the financing for the expansion of the Azito thermal power plant (Azito Phase 4) in…

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Econet warns of dire consequences if Zimbabwe load shedding continues

Jul 24, 2019

Econet Wireless has warned that it will soon implement new measures if power utility, Zimbabwe Electricity Supply Authority (ZESA) fails to guarantee uninterrupted power supply. The announcement comes two days after there was complete shutdown of the giant telecoms facility which left millions of subscribers and businesses stranded. The shutdown which lasted over half a…

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Ghana’s VRA invites tenders for transformers, others

Jul 24, 2019

Ghana’s Volta River Authority intends to apply a portion of its budgetary allocation to cover eligible payments under a contract for which this Invitation for Tenders (IFT) is issued. The scope of the works expected to be awarded under this IFT includes but not limited to the procurement and installation of two new packaged 3.3/0.415kV,…

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South Africa allocates Eskom $4.2bn to service debts

Jul 24, 2019

The South African government has allocated an extra 59 billion rand ($4.24 billion) to struggling state-owned power utility Eskom over the next two years so it can service its debt, a special appropriation bill seen by Reuters on Monday showed. Eskom, which supplies more than 90% of the country’s electricity but was forced to implement…

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SA’s Parliament considers Eskom special appropriation bill

Jul 23, 2019

The National Assembly will today consider and make decisions on the on the 2019 Appropriation Bill and the highly anticipated special Eskom Appropriation Bill. The Appropriation Bill proposes appropriating money from the National Revenue Fund for requirements of the State and prescribes conditions for the spending of the funds withdrawn. Finance Minister Tito Mboweni tabled…

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Ghana’s IPPs rescind ‘power shutdown’ decision as ECG, PDS try to settle huge debts

Jul 20, 2019

The Independent Power Producers (IPPs) under the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB–Ghana) have rescinded their decision to shut down their plants in protest against the nonpayment of huge debts by the Power Distribution Services (PDS) and the Electricity Company of Ghana. The IPPs had earlier threatened to slap the entire…

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World Bank to inject $150m into Mali’s electricity sector by 2025

Jul 19, 2019

The World Bank plans to inject $150 million by 2025 into Mali’s electricity sector. A financing agreement was signed in Bamako between Prime Minister Boubou Cisse and Soukeyna Kane, Director of World Bank Operations for Mali. This funding is part of the Electricity Sector Improvement Project (PASEM) approved by the Bretton Woods Institution last June.…

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NamPower’s 175 tonne transformer heads back to Gerus substation

Jul 19, 2019

NamPower has confirmed that a 315 MVA, 400/220/22kV transformer is being transported via road from Johannesburg to the Gerus substation near Otjiwarongo. The transformer was transported to Eskom-Rotek Industries (ERI) for repairs in September 2018. The 175 tonne transformer is being transported on a 2 x 11 axle x 2.0m axle spacing’s x 2 file x…

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African power generation expansion slowed in Q1 2019 – AELD

Jul 18, 2019

Net additions of on-grid generation capacity were at their lowest levels since 2011 in Q1 2019, according to African Energy Live Data. The slowdown comes as attention shifts to transmission and distribution and major procurement programmes wind down The first set of quarterly figures to be produced by African Energy Live Data show a net…

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Zimbabwe’s ZESA set to increase tariffs as power crisis continues

Jul 18, 2019

Government has given the green light to power utility, Zimbabwe Electricity Supply Authority (Zesa) to increase its tariffs in the wake of crippling power outages brought by low generating capacity at Kariba coupled with lack of foreign currency to import more power. This was revealed by Energy Minister Fortune Chasi in parliament Wednesday while responding…

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