First Independent Mena Newspaper
Tunisia has secured a $131.7 million loan from the French Development Agency (AFD) to improve the national electricity grid. The smart grid project was announced in 2017 by the Tunisian Electricity and Gas Company (STEG), but was delayed due to lack of funding. The AFD funds will be allocated to the implementation of the first […]
The US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), has approved an $87 million loan to Lekela Egypt Wind Power BOO. According to local media, Lekela Egypt Wind Power BOO, a subsidiary of Lekela Power, an independent power producer (IPP) based in Amsterdam, Netherlands, will use the loan to develop the Ras […]
Diplomats from the United States and the African Union have intensified pressure on Sudan’s Transitional Military Council that is currently trying to resolve a standoff with protesters. The diplomatic push comes after the umbrella body for Sudanese protest groups, the Forces for Freedom and Change, said it will only restart talks with the ruling junta […]
The African Development Bank (AfDB) has allocated Côte d’Ivoire two loans totaling €150 million to strengthen its electricity network. The first loan worth €100 million is for the construction of Atinkou’s combined cycle thermal power plant. The electricity generating unit with a capacity of 390 MW will be located in the locality of Taboth and […]
The European Union and the African Development Bank (AfDB) have earmarked about €67 million to support the fight against climate change in Niger. The funding will support the Program for Integrated Development and Adaptation to Climate Change (PIDACC) in the Niger Basin. The funding agreement was signed by the Nigerien Minister of Planning, Kané Aichatou […]
CDC Group, the UK government’s foreign investment arm, has announced it will invest $300 million in power grid development in Africa over the next five years. This contribution will be made through Gridworks, a company that will be launched shortly to this end. The company will make investments in African transmission networks, but also […]
Uganda has commissioned a turnkey 10 MW photovoltaic solar power plant in Bufulbi, southeast Uganda. According to the Greek company, Metka EGN, the facility is equipped with the latest technology available on the market, with a system that allows solar panels to track the sun. The 10-megawatt photovoltaic solar power plant is built on an […]
German independent power producer Siemens Gamesa is in talk with Egyptian authorities to inject €2 billion in a large wind power project in the East of the country. According to officials, the mega wind project would generate 2 GW of electricity under a BOO (build, own and operate) contract, a form of public-private partnership […]
Unilever Kenya, a subsidiary of Unilever, an Anglo-Dutch conglomerate has recently commissioned a 619 kWp solar park in the East African nation to supply electricity to its tea leaf processing plant. The mini-grid project was conducted by CrossBoundary Energy, an investment fund specializing in the financing of off-grid projects for companies. The solar park was […]
In Ghana, researchers are testing a system that will turn cocoa into biofuels to benefit African farming communities currently with little or no access to grid power. The project funded by the University of Nottingham in the United Kingdom will be tested in Ghana, one of the world’s largest producers of cocoa. The new green […]