The Moroccan Agency for Solar Energy (MASEN) has started the next stage of the tender process for the phase 1 of the 800 MW Noor Midelt solar power complex issuing a Request of Proposals (RFP) to the consortia shorlisted.
Energy Finance & Investment News in Africa
The government of Nigeria has issued a request for expressions of interest (EOI) for the operation and maintenance of a hydropower plant located in Kaduna State.
The European Investment Bank (EIB) may provide finance to Gambia’s National Water and Electricity Company for a solar power-plus-storage and grid upgrade project in the country.
The Ministry for Energy, Mines and Renewable energies of Tunisia has launched two deadlines for the tender process involving 210 MW of renewable power generation.
The Moroccan Agency for Solar Energy (MASEN) has announced it has shortlisted five teams for the phase 1 of the 800 MW Noor Midelt solar power complex.
ENGIE and eleQtra, a UK-based developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana.
African Infrastructure Investment Managers (AIIM), an equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali.
The European Bank for Reconstruction and Development (EBRD) has approved a US$500 million framework to finance renewable energy in Egypt.
IFC, a member of the World Bank Group has announced a landmark financing package of US$55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas. It includes US$19 million from IFC’s own account, US$19 million from Climate Investment Funds, and a syndicated loan of up to US$17 million.
The Government of Sierra Leone through the Ministry of Energy has launched a request for expression of interest (RFEOI) for a solar mini-grid operation under a PPP arrangement.
The Republic of Botswana has launched a tender process for the establishment of a Joint Venture with Botswana Power Corporation (BPC) for a 100 MW solar power plant.
The Tunisian government has launched a 210 MW wind and solar tender. The government, through the Department of Energy published an invitation to tender on May 11 with a budget of around TND400 million (US$164.2 million).
Scatec Solar and partners have signed 25-year Power Purchase Agreements for delivery of electricity from six solar plants totaling 400 MW with the Government of Egypt.
InfraCo Africa has signed a Convertible Loan Agreement (CLA) with Access Quaint Solar Nigeria Ltd which commits InfraCo Africa (part of the Private Infrastructure Development Group) to provide US$1.25 million to co-finance the development of the Abiba Solar project through to financial close.
Nigerian Bulk Electricity Trading Plc (NBET) coordinated the signings of Nigeria’s Minister of Power Works and Housing, Babatunde Fashola, with solar developers Afrinegia Nigeria Limited and CT Cosmos Nigeria Limited on two put and call option agreements (PCOAs).
Dominovas Energy Corporation has announced that it has received from the Angolan Ministry of Energy and Water (MINEA) an invitation to secure the exclusive right to an 18 MW hydroelectric project.
Enel Green Power SpA, acting through its wholly-owned subsidiary Enel Green Power RSA (Pty) Ltd, has signed a loan agreement for a total of 2,100 million South African rand (equal to about €160 million) with KfW IPEX-Bank to finance the Gibson Bay wind farm.
NEPAD-IPPF and ECOWAS PPDU discuss collaboration to strengthen infrastructure project preparation in West Africa
The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) hosted by the African Development Bank (AfDB) held discussions with the Infrastructure Project Preparation and Development Unit (PPDU) of the Economic Community of West African States (ECOWAS) based in Lomé, Togo, with a view to strengthening collaboration on the preparation of regional infrastructure projects in West Africa. The two institutions agreed to conclude an Operational Memorandum of Understanding (MOU) to underpin their cooperation.
Company of Electricity and Gas Engineering announced that, in late March, Algerian Energy Ministry plans to launch a tender process for the mega solar photovoltaic project of 4.025 GW.
The EIB and the Arab Republic of Egypt signed a loan agreement of €115 million (US$124 million) for financing a windfarm in the Gulf of Suez to further expand energy generation from renewable resources.