SOUTH AFRICA: Redstone Concentrated Solar Power (CSP) Achieves First Debt Draw Down

Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR … Read More

SOUTH AFRICA: Magnora Acquires Project Rights of more than 1700 MW Wind and Solar PV projects

Magnora is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV … Read More

BOTSWANA: Tlou Energy Provides Operational Report

Project Areas The Company has three project areas in Botswana: ·    Lesedi Project – Gas & Solar Power, Hydrogen production ·    Mamba Project – Exploration & Evaluation ·    Boomslang Project – Exploration & Evaluation Lesedi Project Area, Botswana Licences:              Production … Read More

Africa “Silent” as Global Oil and Gas investments Expand to Hit $628 billion – Rystad Energy

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by … Read More

Time for an African Funded Energy Bank to Finance Exploration & Development

By NJ Ayuk, Executive Chairman, African Energy Chamber For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments … Read More

KENYA: K&M Advisors Contracted to Study Feasibility of LNG-to-Power Project

K&M Advisors last week reported that Kenya’s national electricity provider KenGen had chosen it as a contractor for a feasibility study of a proposed LNG-to-power project. The 10-12 month contract … Read More

NIGERIA: Latest Gas-related Power Shortages Could Have Been Avoided. Here is why

Opinion Piece by Yusuff Wale, Managing Director, Wärtsilä Marine & Power Services Nigeria Ltd  On 28 May 2021, Nigeria’s national power generation dropped to 3,059 MW and for the subsequent seven days … Read More