First Independent Mena Newspaper
On the same day the competition council issued a scathing report criticizing the government’s plan to set caps on fuel prices, governance minister responded by discarding the report as political. The council said capping fuel prices would not be beneficial to the Moroccan economy and citizen’s purchasing power. The council also called for more structural […]
The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) have invited bidders to tender for a $10 billion deep-water project in the West African nation. The prospective bidders are invited to submit their applications packages that comprise engineering, procurement, and construction of the Bonga South West/Aparao (BSWA) project. The project […]
A recent report by THEnergy and Voltalia indicates that the use of renewable energy in the African mining sector can realize significant cost savings when employing these power solutions. According to the report, the mining sector has shifted from phase one – where the focus of renewable power adoption was on integrating and testing out […]
The Liberia Electricity Corporation (LEC) has resumed work on the Monrovia-Bomi Corridor/Liberia Accelerated Electricity Expansion Project-Additional Financing (LACEEP-AF). The move comes after the issuance of the Environmental Social Impact Assessment Permit by the Environmental Protection Agency (EPA), local media reported. According to the Daily Observer, the project was suspended last year, after the World Bank […]
Algerian Electricity and Gas Regulatory Commission (CREG) has revealed that fraud on energy installations, unlawful connections to the power grid in particular, caused the loss of 11 billion Algerian dinars ($92,500,731) to the Electricity and Gas Distribution Company (SDC) in 2018. According to the commission’s figures, 2,430.5 MWh of electricity were trafficked over the past […]
Lekela Power, a pan-African renewable energy generation company, has sealed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Co (EETC) for its 250-MW wind farm in the Gulf of Suez. The wind farm will be installed near Ras Ghareb and is slated for commissioning in 2021, reports indicated on Wednesday. Once operational, the […]
Enel Green Power RSA has begun construction of a 140 MW wind farm, in the Amatole District in South Africa’s Eastern Cape province. In a statement released on Tuesday, the company said the project will require an overall investment of $226 million and is expected to generate over 460 GWh annually once fully operational. The […]
French investment firm Meridiam has launched a research and training program focused on renewable energy development in Dakar. The training program is managed by the International Centre for Training and Research in solar energy (CIFRES), a unit of the Higher Polytechnic School of Dakar (ESP). About 200 technicians and electricians are expected to receive training […]
East-based Libyan National Army (LNA) opposed to the UN-backed Government of National Accord (GNA) headquartered in Tripoli, has confirmed its full control of the Sharara oilfield, the country’s largest. Spokesman of the LNA Monday on Twitter said the Sharara oilfield in the southern Libyan desert, which produces a third of Libya’s 1 million barrel per […]
The Africa Finance Corporation (AFC) has approved a bridge loan facility of $170 million for the construction of the 44 MW Singrobo-Ahouaty hydropower projects in Côte d’Ivoire. The deal was concluded in mid-December, when a first disbursement was made for the project, in which the AFC has also invested equity. “As our first equity investment […]