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The liquidity challenge in the Nigerian electricity sector may become worse due to the decline in collections this year by the distribution companies (Discos), a report by Augusto & Co. has warned.
According to the Pan-African rating agency, it…
The minister of finance and budget and the minister of energy have signed a memorandum of understanding with Argentina-based Alcaal Group relating to the feasibility studies of a photovoltaic plant with a capacity of up to 200 MW with large storage…
The federal government said it saved at least N91 billion from the payment of liabilities owed the defunct Power Holding Company of Nigeria (PHCN), after thorough negotiation with the creditors.
Nigeria Electricity Liability Management Company (…
Energy+, a Malian off-grid solar company, secured financing from a consortium of international financing partners to help close the electricity gap in Mali
Energy+, a Malian-owned and -managed off-grid solar company with a mission of delivering…
The European Bank for Reconstruction and Development (EBRD) has recently approved a $50 million loan for a 500 MW wind power project in the Gulf of Suez in Egypt. The project is led by a consortium formed by French giant Engie and Japanese Eurus…
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to…
The ECOWAS Regional Centre for Renewable Energy and Energy Efficiency is seeking consultants for the West African Clean Energy Corridor program. It expects the region to deploy 7.6 GW of renewable energy capacity by 2030.
The ECOWAS Regional Centre…
Power generation companies (Gencos) Monday faulted the demand by electricity distribution companies (Discos) for an all-inclusive forensic audit of the power sector.
The Gencos explained that the Discos were the only revenue-receiving arm of the…
Chinese and Spanish developers that want to build Africa’s biggest hydropower plant in the Democratic Republic of Congo agreed to form a single consortium in an accord the country says is a key step to realizing the plan.
The $14 billion dam is…