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The construction of the Menengai geothermal power plant in western Kenya has been completed. This is according to a report published on October 6th, 2020 by the African Development Bank (ADB), the main financier of the project. The Menengai…
The federal government and organised Labour Technical Committee on electricity tariff set up to review electricity tariff hike following the suspension of strike notice by labour has recommended a slash in tariff for customers for the next three…
Danish investment firm Frontier Investment Management ApS has agreed to provide an undisclosed amount of financing for three PV projects in Guinea with a combined capacity of around 82 MW. “We are planning to invest between €65 million ($76.5…
The Managing Director of the Rural Electrification Agency (REA), Malam Ahmad Salihijo Ahmad, has said the agency would require $2.482 billion (about N942.95bn) to provide access to electricity for about 80 million Nigerians by 2030. Giving a…
Mini-grid supplier Husk Power Systems has just been awarded $5 million by the Dutch development finance company Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO). The company will use the funds to expand the installation of its…
With a previous 50-50 split between equity and debt investment funding for the off-grid market lurching to 84% borrowing, and commentators stating most of this year’s backing was agreed before the onset of Covid-19, fears are mounting about the…
The Marula Platinum Mine in South Africa wants a 10 MW solar plant after claiming the unreliable electricity supply from financially-troubled state-owned utility Eskom has affected production. “Given the recent enabling regulatory changes by the …
Developing Africa’s huge onshore wind energy potential can boost its transition to affordable and reliable clean energy. A new study for IFC, a member of the World Bank Group, shows that continental Africa possesses a stunning onshore wind potential…
The grants will provide reliable, affordable off-grid electricity to about 300 healthcare facilities Power Africa, through the United States Agency for International Development (USAID), has announced grants totalling $2,620,650 to solar energy…