Industries require reliable energy to operate optimally. When energy supplies are unreliable, it can interrupt manufacturing processes which ultimately leads to a loss in revenue. Organisations are therefore increasingly looking at spreading their risk and supplementing their energy supply to ensure that they can continue operating should the country’s grid … Read More
Last October 2019, during the first Russia-Africa Summit, Russian President Vladimir Putin and Egyptian President Abdel Fattah al-Sisi reaffirmed commitment to scale-up cooperation in various economic sectors and particularly expedite work on the special industrial zone and the construction of proposed four nuclear power plants, raising hopes for an increased … Read More
The African Development Bank under its Sustainable Energy Fund for Africa (SEFA), has approved a US$760,000 grant to Empower New Energy AS (EmNEW), to develop at least eight small renewable energy projects with capacity ranging from1-10 MW, towards bankability and construction.
The grant will support a broad range … Read More
New revisions to power sector regulations could lead to upsurge in corporate PPAs
The South African Mineral Resources and Energy Minister Gwede Mantashe recently announced that Schedule 2 of the Electricity Regulation Act (ERA) was currently being revised. The revisions will accommodate “self-generation and facilitate municipal generation options”. While all … Read More
We all know that Infrastructural development is seriously lacking in Africa that is why the African Union has unveiled plans to tackle such challenges.
The aim of such plans is to help grow the continent economy as well as better the life of its citizens. According to a report from … Read More
Sub-Saharan Africa need funds for electricity production but will financial providers stop worrying about political, regulatory and administrative barriers?
Sub-Saharan Africa’s energy systems face an enormous challenge due to low electricity generated. This has made Africa Development Bank (AfDB) to approve an innovative multinational financing program for Distributed Energy Service … Read More
President Mnangagwa held talks with President Ramaphosa over Zimbabwe Energy issues.
President Emmanuel Mnangagwa has held talks with President Cyril Ramaphosa of South Africa toward solving the nation energy problem. The bilateral meeting was to find a lasting solution to Zimbabwe power challenges.
During the meeting, President Mnangagwa announce that … Read More
Intro Energy to launch electricity projects using net metering system in Egypt.
Intro Energy is set to launch projects that will help produce electricity from renewable resources in Egypt. The project will be to implement a solar energy plant with a capacity of 20MW in Sharm El-Sheikh. This will also … Read More
President Sisi Plans for Energy sector expansion after meeting with Noble Energy CEO
Egypt President Abdel Fattah el-Sisi has meet with delegates from Noble Energy for the expansion of the Energy sector. The meeting had in attendance Noble Energy CEO and Minister of petroleum.
During the meet, President Fattah el-Sisi … Read More
Wind power purchase set to reduce electricity bills in Kenya.
Residents in Kenya are set to have a reduce bill when it comes to electricity payment in the fourth quarter. This is after Kenya power plans to purchase wind-generated electricity at half price from October.
The plan is to first … Read More
ECOWAS and UEMOA plan to prioritise mostly investments in transport and energy sectors.
At a recent European External Investment Plan meeting in Accra, Ghana; the Economic Community of West African States (ECOWAS) and West African Economic and Monetary Union (UEMOA) said; it wishes to prioritise investments in the transport and … Read More
Ethiopia’s indebtedness to China grows following energy investment
Following a meeting with State Grid Corporation of China, PM Abiy Ahmed oversaw the signing of a US$1.8 billion investment agreement which covers provision of electric power transmission and distribution lines. The project will supply power for up to 16 industrial parks; … Read More
ZERA to issue 12 independent power producers (IPPs) license to operate in Zimbabwe
Zimbabwe Energy Regulatory Authority (ZERA) is set to license 12 independent power producers. This new plan will help the country’s power deficit gap to be slashed significantly.
The aim is to increase the nation power producing firm … Read More
Ghana to reduce excess electricity spending after President Nana Akufo-Addo directive.
Ghana Government has announced that they lose US$30m annually due to spending on excess electricity capacity. The Minister of Energy John Peter Amewu made the announcement during the American Chamber of Commerce (AMCHAM) in Ghana forum.
The theme of … Read More
JICA is in talks with Egypt Ministry of Electricity to launch two new programmes.
Energy is an important aspect when it comes to infrastructural development. This is why the Japan International Cooperation Agency JICA is in talks with Egypt Electricity Ministry to launch two programs.
The talks were announced by … Read More
Mali’s 90MW power plant to go online by next week
Mali’s first independent power project, a 90MW power plant will become active by next week. The 90MW plant costs about US$139.06-million (€122-million), and will also help drive foreign investment in the West African country. It’s location is in the gold-rich … Read More
ENERGY GAINT IN SOUTH AFRICA ESKOM POSTS U.S $170 MILLION LOSS
Eskom a South African electricity public utility suffers a net loss of R2.3bn in 2018, compared with a R0.9bn profit the previous year. This statement was revealed at its financial results presentation on Monday.
The poor results were allegations … Read More
Power Africa Uganda signs MoU with UESA to expand solar energy in Uganda.
The Power Africa Uganda Accelerator, a US government funded initiative have sign an MoU with Uganda Solar Energy Association (USEA). The MoU will grant Uganda’s off-grid solar expansion programme US$500,000 to boost access to solar energy solutions … Read More
POWER TO POWER SUMMIT 2018: INNOVATION AND ENERGY EFFICIENCY
Details of the Power to Power Summit 2018 is as follows:
Date: 5th and 6th July, 2018
Venue: Hotel Presidential Port-Harcourt
Time: 10 a.m daily
The need for organizing this Power to Power Summit is to address the issues affecting energy/power … Read More
Zimbabwe halts solar street light project because of lack of funds.
Failure to raise enough fund have caused the Kwekwe City Council in Zimbabwe to halt the solar street light project. Last year the council made plans of raising US$200,000 for the installation of solar-powered street lights. So as to … Read More