Power

300mw electricity supply boost for Zimbabwe

Aug 1, 2019

Electricity supplies are expected to improve significantly following a payment plan that was agreed on by Zimbabwe and South African power utility, Eskom, coupled with a US$2 million import facility through a local financial institution. This was said by Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa while addressing the media on the 27th Cabinet…

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Mozambique to build 2,000MW gas-fired power plant

Aug 1, 2019

The government of Mozambique is set to construct a gas-fired power station in Beluluane, in Boane district about 30 kilometers west of Maputo. Beluluane Gas Company SA received approval from the government allowing them to develop the power station that will generate 2,000 megawatts of electricity. The approval also included terms and conditions of a…

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High electricity tariffs killing Ghana’s local steel industry

Jul 31, 2019

The Steel Manufacturers Association of Ghana (SMAG) has expressed concern about the recent increase in electricity tariff saying it is having adverse effect on the growth and development of the industry. Members of the Association yesterday were at the Parliament house to meet joint Parliament committees on energy and trade and industry after they had…

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SA’s Eskom records major losses

Jul 31, 2019

Power utility Eskom on Tuesday recorded a net loss after tax of R20.7 billion in the year ended March, up from a previous loss of R2.3 billion. This was revealed at the release of the utility’s 2018/2019 integrated annual results at its Megawatt Park offices in Johannesburg. The board of the utility led by Jabu…

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Ghanaian Govt suspends power concession agreement with PDS

Jul 31, 2019

Government has suspended the concession agreement with Power Distribution Services (PDS), bringing back the Electricity Company of Ghana (ECG) to be in full control of power distribution. According to Information Minister, Kojo Oppong Nkrumah, the decision was taken after government detected “fundamental and material breaches of PDS’s obligation in the provision of Payment Securities (Demand Guarantees) for…

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Zimbabwe’s private sector gives nod to power tariff hike

Jul 31, 2019

The private sector has said it is ready to pay a cost reflective power tariff of up to the equivalent of US$0,14 per kilowatt-hour to guarantee constant supply of electricity in the county. Zimbabwe National Chamber of Commerce (ZNCC) chairperson Mike Kamungeremu, revealed this at a breakfast meeting held in the capital yesterday. This development…

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MCA-L boosts LEC’s capacity to connect customers with $576,000 in parts and utility poles

Jul 30, 2019

The Millennium Challenge Account-Liberia (MCA-L) equipped the Liberia Electricity Corporation with US$576,000 in spare parts and utility poles to improve the Corporation’s network reliability and accelerate customer connections. The spare parts, which are valued at $353,000, will be used for repair and maintenance of LEC’s 18 megawatt (MW) heavy fuel oil (HFO) power plant on…

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Ghanaian Govt to end take or pay policy in energy sector from August

Jul 30, 2019

Ghana’s Minister for Finance Ken Ofori-Atta has hinted that, government will from August this year do away with take or pay policy in the energy sector which is crippling the sector financially. The Minister, described the country’s energy sector as being in a ‘state of emergency’ due to some take or pay power contracts the…

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High voltage cable plant to grow SA’s Eastern Cape economy

Jul 29, 2019

A R135 Million High voltage power cable investment in Port Elizabeth is set to help expand the economy of the Eastern Cape while also bumping up the number of the country’s high-voltage plants to three. Trade and Industry Minister Ebrahim Patel recently launched the Aberdare Cables high voltage power cables plant. The Minister said the…

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Zimbabweans must brace for higher electricity tariffs – Minister

Jul 29, 2019

Zimbabweans have no choice but to expect higher electricity tariffs if power utility Zesa is to continue to be able to supply the commodity, Finance Minister Professor Mthuli Ncube has said. Ncube told a Confederation of Zimbabwe Industries forum in Victoria Falls recently that the pain citizens are going through, including high electricity tariffs, is…

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