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The French oil and gas company Total, and the South African Gigajoules group, signed an agreement in Maputo on Wednesday for the import of the liquefied natural gas (LNG) that will be needed for a major gas-fired power station planned for Beluluane…
Zambia's Minister of Energy, Matthew Nkhuwa, has revealed that Mozambique's publicly owned electricity company EDM is owed 70 million US dollars for energy supplied during 2015 and 2016. Zambia has an energy deficit of around 900 megawatts which…
A financing agreement between the European Union and Cameroon has been signed to partly fund the Rural Electricity Access Project for Underserved Regions of Cameroon (PERACE). The European Union (EU) has made available to Cameroon circa FCFA 10…
The Ghana Grid Company Limited (GRIDCo) has threatened to disconnect power transmission to the Volta Aluminum Company (VALCO) on December 30, this year if it does not settle its debt of about 30 million dollars. The action, according to Jonathan…
The Board of Directors of the African Development Bank (AfDB) Group has approved 210 million dollars financing package for the Nigeria Transmission Expansion Project (NTEP1). The bank in a statement issued on Friday said that the package sought to…
The board of the African Development Bank (AfDB) has approved the Transmission Company of Nigeria's (TCN's) Nigeria Transmission Expansion Project (NTEP-1) projects in a board resolution in Abidjan. The NTEP is one of the projects under …
While encouraged by the achievement of an improved net profit for the six months ending on 30 September, financial and operational performance at Eskom remains a challenge. Eskom has achieved an EBITDA (earnings before interest, tax, depreciation…
The Board of Directors of the African Development Bank Group on Thursday approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique.…
A unit of Dubai-based Amea Power will build the project in Blitta prefecture, in the center of the West African country, with all electricity to be sold to Togo Electric Power Co. (CEET) under a long-term power purchase agreement. With just one…