The African Development Bank (AfDB) has approved a senior loan of US $29.5m and a concessional loan of US $20m from the Climate Investment Funds (CIF) Clean Technology Fund (CTF) to Quantum Power East Africa GT Menengai. The funding will be towards the development of a 35MW geothermal power plant at the Menengai geothermal field…
Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker will announce new electricity tariff categories, ministry spokesman Ayman Hamza said on Monday. State news agency MENA reported that the proposed tariffs will come into effect in July. The decision to lift subsidies forms part of Egypt’s economic reform programme, which started in 2014 and included…
The World Bank has approved $125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind energy resources. The additional financing, which includes $25 million from the Clean Technology Fund, will support the development and construction of the Noor-Midelt I and…
New analysis finds G20 countries are investing heavily in fossil gas in direct contradiction with Paris Agreement goals they have agreed to, according to a report titled ‘Debunked: The G20 Clean Gas Myth’. The report finds that G20 countries, in the absence of new policies, are set to see investment of over $1.6 trillion in new gas…
With financial backing from the U.S. government, solar developer Gigawatt Global Cooperatief UA signed a deal with the 15-nation Economic Community of West African States to build $1 billion of renewable energy projects in the region. The U.S. is supporting the project through its Power Africa initiative set up in 2013 under President Barack Obama’s administration, a…
The multi-asset Africa-focused energy and resource company, Kibo Mining has signed a Joint Venture Agreement (the Benga Power JV) with Mozambique energy company Termoeléctrica de Benga S.A. (Termoeléctrica) to construct and operate a 150-300MW coal-fired power station. The JV will participate in the further assessment and potential development of the Benga Independent Power Project (BIPP).…
Africa’s second most populous country Ethiopia, has set an ambitious target to double the length of its roads network by 2020 from its extent in 2015.This is according to the government’s road authority . In 2015, at the end of GTP-I, the road network had reached 100,000km. Now the network stands at 121,171km, according to…
enya wants electricity producers to sign Power Purchase Agreements, PPA in local currency in bid to shield consumers from sudden spikes in prices when the shilling depreciates against major global currencies. A study commissioned by the Ministry of Energy suggests that all power producers setting up new plants with a capacity of 10MW to sign…
Kenya has been ranked 9th globally in geothermal power generating capacity and leads in Africa with a generating capacity of 700MW according to the Renewable Global Status 2018 beating the famous technological heavyweight Japan who took position ten in the rankings with an output of 500MW. The status report highlights growing investments in Kenya’s renewable…
The aim is to raise an additional 1 billion crowns in the autumn and to use some of the funds for projects. Denmark and six pension funds on Thursday launched a 4.1 billion crowns (483.85 million pounds) investment fund aimed at promoting Danish technology and fighting poverty and climate change in developing countries. The aim…