First Independent Mena Newspaper
The African Development Bank (AfDB) will invest up to $25 million in a private equity fund for renewable energy projects across Sub-Saharan Africa. According to the continental lender, the Board of Directors has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund […]
The Tunisian government has awarded licenses for four onshore wind projects totaling 120 MW under its renewables sector development scheme. The plants, which represent a combined investment of $134 million, will be installed in the governorates of Ben Arous and Bizerte. Local media reported that works on the four selected projects will start between May […]
Uganda’s Xsabo Power Limited, which has constructed a new 24 MW solar power park in conjunction with the Uganda Electricity Transmission Company, said it plans to invest $200 million in the generation of solar power to boost the energy sector of the East African nation. According to Xsabo’s Managing Director and CEO, David Alobo, the […]
The capacity of photovoltaic plants installed in the Middle East and North Africa (MENA) region has almost quadrupled in 2018 compared to the previous year. According to Ecofin news agency, 3.6 GW of photovoltaic contracts have been awarded last year against 1 GW in 2017. Some of the plants have been installed and others are […]
Total Petroleum Ghana Ltd., a locally listed oil marketing company, has opened its third solar-powered station in Ghana as part of its commitment to develop solar energy through cutting-edge technology in the West African nation. The new solar-powered station has 50 solar panel installation with about 16.35 kWp of power production. Speaking about the project, […]
South Africa plans to double the amount of energy it will buy from the Inga III dam, under construction in the Democratic Republic of Congo, Bloomberg reported. South Africa committed to purchase 2,500 megawatts from the dam, known as Inga III, in a 2013 treaty between the two countries. South African Energy Minister Jeff Radebe […]
Libya’s infighting and east west divisions are adding to the oil supply disruptions in the country after the shutdown of the country’s largest oil field. The Internationally recognized Libyan National Oil Corporation NOC warned last December that the closure of its biggest El Sharara oil field by tribesmen claiming higher wages has reduced the country’s […]
Egypt plans to upgrade six oil refineries to increase local production of refined products, Petroleum Minister, Tarek El Molla, said during a conference in Cairo Sunday. The refineries refurbishment to be conducted over four years will cost about $9 billion, the official said, adding that Egypt is trying to secure crude oil supplies for Egyptian […]
Saudi Arabia’s oil giant Aramco will build an oil refinery in South Africa part of the pledge made by Riyadh last year to invest $10 billion in the African country, Bloomberg reports. According to Bloomberg, an agreement of intent was signed Friday by South Africa’s Energy Minister Jeff Radebe and his Saudi counterpart Khalid Al-Falih. […]
The government Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s Chief Executive Officer said. Algeria is mulling over luring in international oil companies with tax incentives in a new energy law aimed at stimulating the North […]