Tuesday, February 28, 2017

UK to Support Energy Project in Largest FDI in Ghana

The UK government will support a major energy project in Ghana through the UK Export Finance (UKEF). The Offshore Cape Three Points Project (OCTP) will involve the development of oil and gas fields about 60...

ENGIE Agrees to Accelerate Renewable Energies development for Senegal

ENGIE announced the signing of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country. The first part of this agreement involves the development...

Tanzania gets Grant to Support Renewable Energy Investors

Tanzania’s Rural Energy Agency (REA) has received a $870, 000 grant by the African Development Bank-hosted Sustainable Energy Fund for Africa (SEFA) to establish the Renewable Energy Investment Facility (REIF). The REIF will finance private...

Helios and Vitol Buy Out Shell to Fully Acquire Vivo Energy

Helios Investment Partners and Vitol are set to acquire Shell’s 20 per cent shareholding in Vivo Energy for $250 million. Vivo will now be 100 per cent owned by Helios and Vitol though it will...

President Sirleaf Reopens Mt. Coffee Hydropower Plant

President Ellen Johnson Sirleaf of Liberia has officially commissioned the newly rehabilitated Mount Coffee Hydropower Plant in Harrisburg, Montserrado County and challenged successive governments to sustain the infrastructural initiatives of preceding administrations. She said as...

LCBC Seals Deal with POWERCHINA to Preserve Lake Chad

The Lake Chad Basin Commission and the POWERCHINA International Group Limited have signed a Memoradum of Understanding (MoU) to actualize the transfer of water from the Congo Basin to Lake Chad Basin. Recall that Heads...
Boi

IFC, Dutch Bank Invest €15m in Mobisol’s East Africa Solar Initiative

World Bank Group member International Finance Corporation (IFC) and FMO, the Dutch development bank have entered a partnership to promote the delivery of renewable energy solutions to off-grid communities in East Africa. IFC has invested...

Uganda Inaugurates East Africa’s Largest Solar Plant

Uganda’s Minister of State for Energy Honorable D’Ujanga Simon, together with representatives of Access Power, EREN RE and donors celebrated today the inauguration of the largest solar power plant in East Africa, located in...

South Africa: Integrated Energy Plan for Public Scrutiny on Friday

South Africa's Energy Minister Tina Joemat-Pettersson has announced that the Integrated Energy Plan (IEP) and the Integrated Resource Plan (IRP) would be gazetted for public comment and engagement on Friday, 25 November 2016. Briefing newsmen...
Scatec Solar

USAID Invests $4million in Eight African-Based Solar Start-ups

Power Africa Coordinator Andrew M. Herscowitz has announced $4 million in new investments in eight companies that are revolutionizing household power across Africa through the 'Scaling Off-Grid Energy: Grand Challenge for Development.' "The Grand Challenge...