Egypt’s Sovereign Fund aims to acquire $1.98bn of shares in power plants built by Siemens

Nov 15, 2019

In Egypt, the Sovereign Fund aims to acquire shares, worth approximately $ 1.98 billion in power plants. These three mega-power plants built in the country by Siemens AG have a setup cost of $ 6.62 billion and a total capacity of 14.4 GW. The three plants were inaugurated in 2018 and two of them are located…

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Africa50 partners Power Africa and leverages more funding for Africa’s electricity sector

Nov 15, 2019

Power Africa and Africa50 have just signed a memorandum of understanding in a new partnership for the mobilization of financing in the electricity sector. The collaboration will also focus on developing models of innovative public-private partnerships in sub-Saharan Africa. “Electricity generation and distribution are among the most important infrastructures for Africa because of their multiplier effect…

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Hwange power station fault leads to extra load shedding in Zimbabwe

Nov 13, 2019

ZESA is implementing prolonged load-shedding of up to 18 hours a day following a fault at Hwange Power Station yesterday afternoon. The power utility said it was moving to Stage 2 load-shedding. According to Zesa, Stage 1 load-shedding happens to the first group of customers as listed on its schedule and these are switched off…

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Residents of Sudan’s Red Sea state protest week of power outages

Nov 13, 2019

On Monday, the residents of Suakin in Red Sea state blocked the main road between Suakin and Port Sudan in protest against the power outages that have lasted for a whole week. Journalist Osman Hashim told Radio Dabanga that hundreds of Suakin residents blocked the main road linking Suakin with Port Sudan, which led to…

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Africa has four fold growth potential with appropriate energy plan – IEA

Nov 13, 2019

Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 per cent, the International Energy Agency (IEA), has said. In its new report unveiled on the sidelines of African Investment Forum in Johannesburg, South Africa, an analyst at IEA, Kieran McNamara, noted that these will have “profound effects…

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Angola looks to import 5,000MW of electricity produced by Inga III hydro power plant in DRC

Nov 12, 2019

Angola could import up to 5,000 MW from the production of the Inga III hydropower plant under development in the Democratic Republic of Congo. According to Bloomberg , the importer will need this energy from 2025, and will buy it on the condition that the sale price of the MW does not exceed $ 30. With a capacity…

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Eskom says system still very vulnerable

Nov 12, 2019

Power company Eskom says the system remains constrained and vulnerable with generating plants performing at very low levels of reliability. “With unplanned breakdowns that are above 10 500 MW as at 06h00, the probability of load shedding remains but will only be implemented if absolutely necessary,” Eskom said in a statement. According to Eskom, there…

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Spare ZCDC load shedding – Minister

Nov 11, 2019

The Zimbabwe Consolidated Diamond Company (ZCDC) should be spared ongoing load shedding by power utility, Zimbabwe Electricity Supply Authority (ZESA), a government official said. Speaking while officially opening the All Stakeholders Diamond Indaba held in Mutare this past week, Minister of State for Manicaland province, Ellen Gwaradzimba, said the parastatal was a major source of…

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Power Africa initiative reaches 70 million people

Nov 11, 2019

Power Africa, a five-year American presidential initiative launched by former President Barack Obama, has reportedly created 15 million new electrical connections bringing electricity to 70 million people. The US government-led initiative that aims to double access to electricity in Sub-Saharan Africa, was launched in 2013. It has a goal to add 30,000 megawatts of new…

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Gabon, Equatorial Guinea to sign agreement for electrical interconnection before year end

Nov 10, 2019

Gabon and Equatorial Guinea will soon be interconnected by their electricity networks. The project was also the subject of a meeting of the Central African Power Pool (Peac), which was held last week in preparation for the two countries’ signing of the agreement on in place of this interconnection. The signing is expected by the…

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