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Energy Finance & Investment News in Africa

Financial close for 25 MW biomass project in South Africa

Financial close for 25 MW biomass project in South Africa

🕔Apr 18, 2018

Sappi and Fusion Energy have reached financial close on the 25 MW Ngodwana Energy Biomass Project, the first biomass project procured under South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

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Financial close for 50MW thermal power plant in Guinea

Financial close for 50MW thermal power plant in Guinea

🕔Apr 10, 2018

With support from the Overseas Private Investment Corporation (OPIC) and CDC, the development finance institutions of the USA and UK respectively, the Tè Power project has reached financial close. Tè Power Company S.A.S.U., owned by Endeavour Energy, will construct a 50MW thermal power plant in Conakry, the capital city of Guinea.

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IPPToday #189: Scatec Solar signs US$400 million solar projects in South Africa

IPPToday #189: Scatec Solar signs US$400 million solar projects in South Africa

🕔Apr 10, 2018

Scatec Solar has announced that it has signed all project documents with its partners and shortly expects to achieve financial close for three solar PV plants to be located in Upington, South Africa with a total generation capacity of 258 MW.

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IPPToday #186: South Africa signs PPAs for 2,300 MW renewable projects

IPPToday #186: South Africa signs PPAs for 2,300 MW renewable projects

🕔Apr 5, 2018

South Africa's Minister of Energy has announced the signing of power purchase agreements (PPAs) for 27 projects procured under rounds 3.5 and 4 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP). This is the biggest IPP procurement by the Department of Energy to date, representing a total of ZAR56 billion (US$4.7 billion) of investment and over 2300 MW of generation capacity to be added to the grid over the next five years.

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IPPToday #175: Legal challenge delays signing of US$4.7 billion renewable projects in South Africa

IPPToday #175: Legal challenge delays signing of US$4.7 billion renewable projects in South Africa

🕔Mar 15, 2018

The government of South Africa has delayed the much-anticipated signing of 27 PPA contracts under the country's renewable independent power producer procurement programme (REIPPPP) following a legal objection issued by the National Union of Metalworkers of South Africa (Numsa) and Transform RSA.

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IFC and MIGA approve refinancing package for 250 MW hydropower project in Uganda

IFC and MIGA approve refinancing package for 250 MW hydropower project in Uganda

🕔Mar 12, 2018

The Board of Directors of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have approved a refinancing package for the 250 MW Bujagali hydropower project, located on  the Victoria Nile in Uganda. One of the largest power-generation plants in Uganda, the project has been operational since 2012.

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Inspired Evolution invests US$36 million in solar PV projects in sub-Saharan Africa

Inspired Evolution invests US$36 million in solar PV projects in sub-Saharan Africa

🕔Feb 16, 2018

Inspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.

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RFEOI issued for 40 MW solar PV project in Malawi

RFEOI issued for 40 MW solar PV project in Malawi

🕔Feb 14, 2018

JCM Matswani Solar Corp Limited has issued a Request for Expressions of Interest for the engineering, procurement and construction and long-term operation and maintenance of a 40 MW solar photovoltaic power plant to be constructed in Salima, eastern Malawi.

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Exim Bank of China finance coal-fired power plant in Malawi

Exim Bank of China finance coal-fired power plant in Malawi

🕔Feb 7, 2018

The Government of Malawi has disclosed that the 300 MW Kam’mwamba coal-fired power plant project is being financed with a US$667 million loan from the Export-Import (Exim) Bank of China. The government are developing the project in partnership with China Gezhouba Group, a subsidiary of China Energy Engineering Corporation.

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Akuo Energy secures financing for Mali’s second solar park

Akuo Energy secures financing for Mali’s second solar park

🕔Jan 31, 2018

The Emerging Africa Infrastructure Fund (EAIF) and Akuo Energy have announced the signing of a financing package for a 50 MW solar power project in Mali. The Kita project is Mali’s second solar park in development. ​

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IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique

IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique

🕔Jan 24, 2018

Sasol Limited and Electricidade de Moçambique (EDM) have successfully refinanced the Central Térmica de Ressano Garcia S.A. (CTRG) joint venture project, a 175 MW gas-fired power plant in Mozambique. EDM holds a 51% stake in the project, with Sasol holding the remaining 49%.

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IPPToday #139: Masdar, Elsewedy Electric and Marubeni to develop 800 MW wind project in Egypt

IPPToday #139: Masdar, Elsewedy Electric and Marubeni to develop 800 MW wind project in Egypt

🕔Jan 23, 2018

Abu Dhabi-based Masdar, Egyptian energy technology developer Elsewedy Electric and Marubeni Corporation have signed an agreement to develop an 800 MW wind project in Egypt. The estimated investment required has not been disclosed.

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ACWA Power achieves financial close for 165.5 MWp of solar in Egypt

ACWA Power achieves financial close for 165.5 MWp of solar in Egypt

🕔Jan 16, 2018

ACWA Power has reached financial close of the three solar photovoltaic projects, located in the south of Egypt, with an aggregate capacity of 165.5MWp. The total cost of the projects is US$190 million.

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Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January

Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January

🕔Jan 10, 2018

With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.

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Financing agreed for Zambia's first Scaling Solar project

Financing agreed for Zambia's first Scaling Solar project

🕔Jan 2, 2018

Financing has been agreed for a 47.5 MW solar farm in Zambia, setting a new benchmark for low-cost solar power in sub-Saharan Africa.

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IPPToday #124: $400 million 250 MW wind project in Egypt reaches financial close

IPPToday #124: $400 million 250 MW wind project in Egypt reaches financial close

🕔Dec 27, 2017

The consortium proposing to build a 250 MW wind farm in Ras Ghareb, Egypt have achieved financial close for the project. The estimated value of the wind farm is US$400 million.

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 Nigeria approves US$2.8 billion gas pipeline

Nigeria approves US$2.8 billion gas pipeline

🕔Dec 27, 2017

The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline will span 614km.

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IPPToday #122: PPAs signed for US$4 billion geothermal projects in Ethiopia

IPPToday #122: PPAs signed for US$4 billion geothermal projects in Ethiopia

🕔Dec 22, 2017

Ethiopian Electric Power (EEP) has signed power purchase agreements (PPAs) with Corbetti Geothermal Power regarding two 500 MW geothermal projects in the Main Ethiopian Rift Valley that require a total investment of US$4 billion

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Emerging Africa Infrastructure Fund secures US$100 million loan from AfDB

Emerging Africa Infrastructure Fund secures US$100 million loan from AfDB

🕔Dec 20, 2017

In a bid to reduce the huge infrastructure financing gap in Sub-Saharan Africa, the African Development Bank has approved US$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.

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Energy Summit in Abidjan to explore West Africa’s gas and energy markets

Energy Summit in Abidjan to explore West Africa’s gas and energy markets

🕔Dec 13, 2017

EnergyNet will host the second Regional Energy Co-operation Summit in Côte d’Ivoire from 24-25 January 2018 - a strategic platform for project evolution and partnership development. The conference will discuss opportunities for cross-border power projects and potential gas investments across West Africa.

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