First Independent Mena Newspaper
In Senegal, Exim Bank of the United States has made a preliminary commitment worth $ 86 million for Senegal’s rural electrification projects. The preliminary commitment is the first that Exim Bank has approved under a recently signed memorandum of understanding with Senegal’s Ministry of Economy, Planning and Cooperation. If the transaction reaches final board approval, […]
The Japanese company Univergy Solar has announced it will invest $200 million in Zambia to carry out two solar photovoltaic projects. The investment will enable the new independent power producer (IPP) to build two photovoltaic solar power plants. The first plant will be located in northern Zambia, with a capacity of 135 MWp. The second, […]
The UK upstream Morocco-focused Sound Energy inked a gas supply deal with Morocco’s ONEE, state-owned power company. Under this preliminary agreement, Sound Energy will commercialize the gas found in the Tendrara permit where it holds 47.5%, alongside Schlumberger, which has a 27.5% direct interest and the state’s hydrocarbons office ONHYM with 25%. The East Morocco […]
Oil & Gas exploration company Kosmos Energy has announced the discovery of a major gas discovery offshore Mauritania in the BirAllah area while conducting drilling in Orca-1 well. Located approximately 125 kilometers offshore Mauritania, the well is estimated to have about 13 trillion cubic feet of gas. Commenting this new gas discovery, Kosmos […]
Morocco’s MYA Energy, Russian Development Bank and Russia’s export center agreed to build a 2 billion euro refiner with an initial 100,000 barrel per day capacity in northern Morocco. The refinery is designed to reach a target of 200,000 barrels per day and will offer thousands of jobs to locals, MAP news agency said. Citing […]
The Gambian government has unveiled a plan to give access to electricity to 30% of the rural population by 2030. The information was revealed by Bittaye Darboe, Permanent Secretary of the Ministry of Petroleum and Energy. To achieve this goal, the government plans to rely on off-grid electrification solutions such as domestic installations and mini-grids. […]
Morocco plans to create 150,000 jobs in the next decade out of energy efficiency projects, the finance ministry said in an official document. The strategy provides for including energy efficiency measures in construction, industry, transport, public lighting, agriculture and fisheries, the document showed. It also aims at reducing the energy cost by 250 billion dirhams […]
In Togo, the government of Faure Gnassingbé has announced its intention to electrify 14 rural areas of the country with off-grid solar energy. The move follows several other projects in the country with the aim of achieving 50% access to electricity in rural areas by 2030. The initiative will be implemented with the support of […]
French oil giant Total Monday called on leaders of the world to introduce policies to address CO2 emission as major polluters are state-run oil and gas companies. The World Policy Conference (WPC) held Monday a plenary session under the theme “Climate and the environment” moderated by former French Prime Minister and foreign minister Laurent Fabius. […]
The African Development Bank has asked the Coalition for Green Capital (CGC) to make a study on the creation of national climate change funds and green banks in Africa. CGC will work with six African countries to conduct feasibility studies for the project, which was launched at the Green Bank Design Summit held in Paris […]