The African Development Bank (AfDB) has approved a US$121mn loan and grant to assist the government in improving electricity access for businesses and in rural households. powerlinenigeria pixabayOnly 14 per cent of Uganda has proper access to power, and AfDB hopes to increase that percentage through its project.  According to AfDB, the move is expected to enhance economic growth in several parts of rural Uganda. The grant, which is.... Read more »

Posted on : Thursday , 24th September 2015

Kigali — Rwandans will soon benefit from a project that generate electricity from heating methane gas on a floating platform.   The project is being done in two phases and contracted to KivuWatt, a subsidiary of ContourGlobal.   Recently the company announced in the local media that completion of the first phase will be done by October.   CountourGlobal signed a 25-year Gas Concession Agreement with the government and.... Read more »

Posted on : Tuesday , 22nd September 2015

Johannesburg — COAL of Africa Limited the coal exploration and project development company operating in South Africa, has announced the successful completion of the shareholder approved share placement to Yishun Brightrise Investment PTE Limited.   The 183 231 261 ordinary shares were issued to Yishun, at 5,15 pence per share, in terms of the subscription agreement entered into between the Company and Yishun in relation thereto and.... Read more »

Posted on : Tuesday , 22nd September 2015

700 million people will be supported to afford clean cooking energy stoves by the "New Deal for Energy in Africa," an initiative by the African Development Bank Group (AfDB) unveiled Thursday to solve Africa's huge energy deficit by 2025.   The blue print to get rid of Africa's energy poverty by 2025 was unveiled at a High Level Stakeholder Consultative Meeting attended by business and political leaders at the bank's.... Read more »

Posted on : Tuesday , 22nd September 2015

 The African Development Bank in partnership with the Kenyan government will give Kenya Power an additional of US$ 190m in a bid to see the completion of the Last Mile electricity project in Kenya.   The electricity project whose initiative was started so as to help increase electricity access to Kenyans particularly those who are in the low income group was instigated in May by the Kenyan president in Machakos County.   The.... Read more »

Posted on : Tuesday , 22nd September 2015

 Kenya has announced a second $150 million project to expand its electricity grid to connect another 1.5 million people, with the head of its sole power distributor saying the country was in talks with the African Development Bank to help finance it. The project represents the second phase of a plan to add a total of 3 million people to the grid of the country, where around half of the 40 million population are not connected and many still.... Read more »

Posted on : Monday , 21st September 2015

 Construction works of the 80MW  Rusumo Falls hydropower project which is funded by the World Bank and the African Development Bank is set to begin next year. The construction project will be located at Rusumo Falls along Rwanda-Tanzania border . The announcement comes after the families who were living in the area were relocated.   “Holding other factors constant, the civil works should start in the first quarter of.... Read more »

Posted on : Saturday , 19th September 2015

Pretoria — Energy experts on Friday exchanged views on how South Africa can explore various avenues of generating energy to supply its citizens with sufficient and affordable power.   At the 20th National Economic Development and Labour Council (Nedlac) Annual Summit held in Pretoria, on Friday, the experts attempted to come up with possible solutions to the electricity challenges facing the country, which do not only affect.... Read more »

Posted on : Saturday , 19th September 2015

The Nigerian Electricity Regulatory Commission, NERC, on Friday inaugurated an enforcement task team on electricity supply.   The Chairman of the Commission, Sam Amadi, said the inauguration of the task force on regulatory enforcement became necessary following recent improvement in available electricity to consumers.   Mr. Amadi attributed the improvement in electricity supply in the country in recent times to the efforts of the.... Read more »

Posted on : Saturday , 19th September 2015

 This is part of the country's strategy to embrace green energy and avoid over-dependence on sources of power that are harmful to the environment. The Sh49.6 billion project will be spearheaded by the Government through the Tana and Athi Rivers Development Authority (TARDA) in collaboration with Ultra Clean Energy Solutions (EA) Limited and Hitachi India (PVT) Limited. Speaking during the launch of a four-year strategic plan (2014-2018),.... Read more »

Posted on : Friday , 18th September 2015

 Kenya Power and Rwanda have entered a power agreement in which  Kenya power will commence exporting 30 MW of power to Rwanda as from early 2016, chief Executive Officer Dr. Ben Chumo has announced.   Chumo expressed confidence that the power purchase agreement reached with Rwanda will boost Kenya Power revenues.   “This program which would earn Kenya Power millions of revenue is on and a fortnight ago we were in.... Read more »

Posted on : Wednesday , 16th September 2015

Erin Energy has obtained an eighteen-month extension of the Initial Exploration Period (IEP) of its offshore Kenya Blocks, L27 and L28. The IEP on blocks L27 and L28 has been extended to February 2017.   'We are delighted to receive this eighteen-month extension,' said Segun Omidele, Senior Vice President, Exploration and Production. 'This additional time to evaluate these blocks will allow us to acquire 3D seismic data and to look for.... Read more »

Posted on : Thursday , 10th September 2015