Power

Libya’s GECOL demands protection of nation’s grid amid frequent attacks

Nov 15, 2018

The General Electricity Company of Libya (GECOL) urged the Ministry of Interior and all security authorities to protect the electrical network, which is being exposed daily to looting and theft. “The hands of evil are using all means to inflict harm and damage to the nation’s electrical grid, and this time they have hit the…

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ENGIE signs PPA with Senelec for solar projects

Nov 15, 2018

Global energy and services company ENGIE, alongside its investment partner Meridiam consortium and Fonsis, the Senegalese Sovereign Fund, have signed a 25-year power purchase agreement with Senelec, the Senegalese off-taker for two solar photovoltaic projects in Senegal, ENGIE said in a Wednesday press release. Developed by the Senegalese government and the International Finance Corporation (member…

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AfDB launches Africa Energy Portal

Nov 14, 2018

“Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://Africa-Energy-Portal.org , will consolidate, validate, and disseminate energy data and insights across Africa’s energy value chain, covering…

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MCC approves new Energy Compact for Senegal

Nov 13, 2018

The Millennium Challenge Corporation (MCC) has just approved a new Energy Compact for Senegal. This agreement will see $550 million for the electricity sector and $50 million for stimulating economic growth and progress. Funding for the power sector will support three projects, including upgrading and strengthening the country’s electricity grid, increasing access to energy for…

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IFC coordinates financing package for hydropower project in Cameroon

Nov 12, 2018

The International Finance Corporation (IFC) in partnership with the government of Cameroon, and EDF have signed a set of agreements that will lead to the construction of the Nachtigal hydroelectric plant. The project is a 420MW run-of-river plant that will increase Cameroon’s power generation capacity by 30%. It has benefited from the engagement of the…

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First ester transformer fluid factory opens in Africa

Nov 12, 2018

UK-based M&I Materials recently announced the opening of manufacturing operations in South Africa, producing its MIDEL brand of fire safe and biodegradable ester dielectric fluids for electricity transformers. Giles Salt, CEO of M&I Materials, commented: “Developments in the energy infrastructure sector across Africa present a great opportunity for our products. The opening of this manufacturing…

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Angola power prospects receive major boost from Aenergy, GE investment

Nov 12, 2018

Plans by Angola to grow its energy generation capacity by 2025 have received a major boost when a local independent power producer and engineering procurement and construction contractor – an American-headquartered electric company signed an order to expand a major power plant in the northwest of the country. Aenergy (AE) and General Electric (GE) have…

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Nigeria’s Sahara Group to develop S. Sudan electricity infrastructure

Nov 12, 2018

Nigeria-based energy firm Sahara Group (SPG) and the Ministry of Energy and Dams agreed to develop infrastructures of the power sector in South Sudan. South Sudan has the lowest per capita electricity consumption in Africa, 1 to 3 kWh. This situation is mainly attributed to the underdeveloped energy infrastructure in the young nation, which has…

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Trade and Development Bank, USAID sign Power Africa MoU

Nov 11, 2018

The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have today signed a memorandum of understanding (MoU) that will finance power projects in 22 African countries. The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum, where emphasis on investment is at the core of tens of…

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Power Africa launches Transmission Roadmap to 2030

Nov 11, 2018

Power Africa, the U.S. government-led initiative coordinated by the United States Agency for International Development (USAID) to double electricity access in sub-Saharan Africa, launched its newest publication, the “Transmission Roadmap to 2030: A Practical Approach to Unlocking Electricity Trade” at the African Investment Forum on Wednesday, November 7.  The Roadmap helps prioritize 18 projects that could unlock…

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