African Development Bank will manage Africa's New Deal on Energy along with investing US$12bn in energy funding over the next five years The deal's aims all revolve around providing more power for the households for Africa  Africa has been well-recognised as a huge resource potential for the energy sector and yet the economic conditions do not yet allow the complete utilisation of this potential. It is these circumstances that have.... Read more »

Posted on : Wednesday , 27th January 2016

 The Largest mall in East Africa that is under construction in Kenya-Two Rivers mall will get its own electricity thanks to investment firm Centum that has pledged to construct solar and diesel power plants that will generate 12MW of electricity to provide power to the mall.   Centum secured a license from the Energy Regulatory Commission (ERC) to generate and supply electricity at the mixed-use commercial development that.... Read more »

Posted on : Wednesday , 27th January 2016

 The construction of the  Ethiopia Renaissance Dam is in good course despite stiff opposition from Egypt. Reports from Ethiopia Electric and Power Corporation seem to indicate that the dam will soon start generating 750MW of electricity.   However, Egypt is concerned that the dam will be utilised for irrigation in Ethiopia, resulting in reduced downstream supply. However, Ethiopia maintains that there are no hidden agendas.... Read more »

Posted on : Tuesday , 26th January 2016

 Namibia will construct its largest gas power plant since independence in 15 months’ time, Xaris Holdings, a company managing the project has announced. The plant is estimated to cost 450 million US dollars.   Other companies involved in this mega project includes; General Electric, Excelerate Energy, Standard Bank, Garanti Koza, KS Energy and Ariya Capital Group.   The major power  plant to be constructed in.... Read more »

Posted on : Monday , 25th January 2016

 The construction of Batoka Hydro Power Plant in Zimbabwe is set to commence in 2017. The plant will be built on the Zambezi River along the Zimbabwe-Zambia border.   Zimbabwe’s Energy and Power Development Minister, Samuel Undenge, told journalists in Harare last week that the feasibility studies are expected to be completed by June this year.   “This is a joint project between Zimbabwe and Zambia and with the.... Read more »

Posted on : Friday , 22nd January 2016

Sweden and the United Kingdom have raised $67 million towards Tanzania's rural electrification programme.   'The main objective of the financing programme is to increase access to modern energy services in rural areas of mainland Tanzania for sustainable social economic development and poverty alleviation,' the official statement read sin part.   Sweden through the Swedish International Development Agency (Sida) together with the.... Read more »

Posted on : Wednesday , 20th January 2016

 World Bank group IFC has issued a green bond worth US$71mn for climate-friendly investments in emerging markets windenergy jimhammer flickrThe IFC bond will be used for investments in renewable energy and environment-friendly initiatives. The proceeds will be used to support investments in renewable energy, energy efficiency, and other areas that aim to reduce greenhouse emissions. The bond has been issued in South African currency or.... Read more »

Posted on : Saturday , 16th January 2016

 China has pledged to finance an electricity project in Ivory Coast with US$800m. The project involves the expansion of the country’s electrical grid with the aim of supplying electricity to 500 towns.   Ivory Coast on its part is expected provide additional sum of US$41m towards the funding of the power project. The government will be responsible for the installation of the 1,955km of high-tension lines as well as the.... Read more »

Posted on : Thursday , 14th January 2016

 The newly constructed AMERI power plant in Ghana which will be an emergency power plant is expected to commence commercial operations by February 2016, Energy Commission Board Chairman Dr. Kwame Ampofo has announced.   Accompanied by the Board Members of the Commission including Mr. Michael Opam, acting Executive Secretary, Dr. Rudith King, Mr. Stephen Duodu and Mr. Kobina Fosu, Mr Amopofo said the plant construction project during.... Read more »

Posted on : Thursday , 14th January 2016

 The department of energy has issued clarification to reports that the government and cabinet have made final the verdict to implement the nuclear build programme in South Africa.   In a statement, the department said the move to go ahead developing the nuclear new build programme was initiated by the cabinet in June 2015 prompting South Africa to proceed with developing a programme for the procurement of nuclear power plants worth.... Read more »

Posted on : Monday , 11th January 2016

 Russia’s national nuclear corporation Rosatom will commence the construction of first nuclear power plant in Egypt after signing an agreement. In the contract signed, the construction of the power plant in Egypt will begin early 2016. According to the press release given by the company the construction of the nuclear power plant will commence in the first quarter of 2016.   “The plan will be actualized after the contract.... Read more »

Posted on : Friday , 8th January 2016

The African Development Bank (AfDB) has approved $138 million in loans and grants to finance the Rusizi III hydropower plant project.   A statement from the AfDB indicates that the implementation of the project will be carried out at a total cost of $625.19 million. At least $138.88 million will be borne by the AfDB's public sector window and $50.22 million by the private sector window.   Rusizi III hydropower plant is part of the.... Read more »

Posted on : Tuesday , 5th January 2016