CFAF 60bn fund available for Ivory Coast’s Electricity for All Program

Nov 9, 2019

In Côte d’Ivoire, the government has created a Fund for the Electricity for All Program (PEPT Fund), with a budget of 60 billion CFA francs (over $ 101 million). It will be financed up to 50 billion CFA francs by the World Bank, the European Union, the French Development Agency, the African Development Bank and…

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Ghana’s overcapacity in power and gas sectors becoming a problem for government finance – Minister

Nov 8, 2019

In Ghana, overcapacity in electricity and gas is becoming a thorn in government finance. In fact, each year, the country that produces about twice its peak energy demand pays $ 450 million to independent producers for electricity that is not consumed. According to Ken Ofori-Atta (photo), the Minister of Finance, the sector’s unsustainable liabilities could rise…

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Ivory Coast’s Govt clears FCFA 2bn for communities affected by work on Azito power plant

Nov 8, 2019

The State of Côte d’Ivoire and the village community of Azito proceeded on Wednesday, October 06, 2019 in Abidjan, to the signing of an agreement of 2 billion FCFA ($ 3.3 million), for compensate the populations affected by the extension works of the thermal power station. According to the Ivorian Minister of Energy, it was…

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Maintenance required to boost life of Eskom power plants

Nov 8, 2019

Deputy President David Mabuza says work is underway to ensure that Eskom complies with its responsibility of maintaining power plants. Responding to oral questions in the National Council of Provinces on Thursday, Mabuza said there is a need for planned mid-life refurbishment of power stations to ensure that they meet their life expectancy. The Deputy…

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Power cuts cost Zimbabwe 20% of potential gold output

Nov 8, 2019

The gold sub-sector lost 20 percent of potential output due to intermittent power supply during the course of the year despite mining companies making an advance payment to the Zimbabwe Electricity Supply Authority (ZESA) in foreign currency. This came out In the State of the Mining Sector Survey 2019 released today. Earlier in the year,…

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ECOWAS targets central electricity grid control by 2020

Nov 7, 2019

A central control centre that will be used to manage and operate all electricity grids in West Africa shall begin operations by 2020, the West African Power Pool announced on Wednesday. WAPP is an agency of the Economic Community of West African States and is made up of 14-member countries in the sub region. The…

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U.S. EXIM Bank mulls $100m allocation to Senegal’s rural electrification project

Nov 5, 2019

The Exim Bank of the United States has made a preliminary commitment worth $ 86 million for Senegal’s rural electrification project. If this commitment is validated by the bank’s board of directors, the bank will allocate approximately $ 100 million to Senelec, the national electricity company, in the form of a loan for the realization of…

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LERC boss harps on effective regulatory climate in Liberia’s power sector

Nov 5, 2019

The Chairman of the Liberia Electricity Regulatory Commission (LERC), J. Aloysius Tarlue, Jr. says the commission is committed to fostering an effective regulatory climate that will be result oriented in giving a new lease of life to the underperforming electricity sector. By this pronouncement, member of the public are expecting a new direction in the…

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Strengthening Ghana’s power sector, a national priority – CIPDiB

Nov 3, 2019

The Chamber of Independent Power Producers, Distributers and Bulk Consumers (CIPDiB) says strengthening the power sector, particularly the electricity distribution sub-sector, is a key rationale for private sector participation in Electricity Company of Ghana (ECG). CIPDiB said the technical and financial capability of the selected private sector partner would address the need for additional investment…

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Eskom loans will instill discipline – Gordhan

Nov 3, 2019

Public Enterprises Minister Pravin Gordhan says reverting to giving Eskom loans will instil discipline and ensure that the power utility lives within its means and manages its finances better. He said this when reacting to Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement outside the National Assembly on Wednesday. In his speech, Mboweni said…

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