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Desert Sun to Power Upper Egypt With $2.8 Billion Solar Park

CAIRO (Capital Markets in Africa) – Egypt on Tuesday inaugurated the first solar power plant at a remote desert complex where the government plans to generate as much as 1.8 giga watts from the sun, cutting the most populous Arab nation’s reliance on dirty and expensive fossil fuels. The plant, developed by Germany-based Ib Vogt GmbH and a local company called Infinity Solar Systems, began supplying the national grid in December, Ib Vogt Chief Executive Officer Anton Milner…

Nigeria Loses Almost Half Its Power Output After Pipeline Fire

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LAGOS (Capital Markets in Africa) – A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said. The fire at the Escravos-Lagos pipeline owned by the Nigerian National Petroleum Corp. in the southern Edo state required a shutdown of the pipeline supplying gas to the 1,320-megawatt Egbin power plant, the nation’s biggest, and five others, according to an emailed statement by the Power,…

Russia Signs Agreement With Nigeria for Nuclear Power Plant

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LAGOS (Capital Markets in Africa) – Russia has signed agreements with Nigeria to build and operate a nuclear power plant in the oil-rich West African nation that has a deficit of reliable power and faces security challenges by Islamist militants in the far northeast. Feasibility studies for the plant and a research center construction will include site screening, capacity, financing, and time frames of the projects, state-owned Russian nuclear company Rosatom said in an emailed…

INTO AFRICA April 2017 Edition: Powering Africa’s Energy Projects

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LAGOS (Capital Markets in Africa) – Welcome to the April edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. Please download by clicking: INTO AFRICA PUBLICATION: APRIL 2017 EDITION. Africa has one of the fastest growing populations, by the year 2050, annual increases will exceed 42 million people per year and total population will have doubled to 2.4 billion, according to the United Nations Population Division. Of the 2.37 billion increases in population expected…

USTDA Promotes Solar Energy Development in Burkina Faso

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LAGOS (Capital Markets in Africa) – The U.S. Trade and Development Agency awarded a grant to Société de Production d’Energie Solaire de Kodéni SAS today for a feasibility study for two 17 megawatt solar photovoltaic plants near the villages of Pá and Kodéni in Burkina Faso. The solar plants are being developed by BioTherm Energy, a South African renewable energy company. Burkina Faso has one of the least developed energy sectors in Sub-Saharan Africa. Less…

African renewable energy projects compete for a share of US$7million

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LAGOS (Capital Markets in Africa) – Access Power a developer, owner and operator of power projects in emerging markets and a Power Africa partner, today announced the launch of ACF 2017, the third edition of the highly successful funding and support platform for renewable energy projects in Africa. The official opening of the submissions process was announced today at the Power Africa Annual Partners Meeting in Washington, D.C. Now in its third year, the ACF…

Solar Capital Partner with Power Africa

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JOHANNESBURG (Capital Markets in Africa) – In a bid to light up Africa, Solar Capital has partnered with a US government-led initiative, Power Africa. The US government launched Power Africa in 2013 to double access to electricity in sub-Saharan Africa by 2030. This vision is being achieved by bringing over 140 public and private sector partners together to help advance power sector deals. Power Africa aims to deliver 30000MW of electricity and to add 60…