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African Transmission Corporation Holdings (ATC), a consulting firm specialising in infrastructure project financing, has recently allocated $14 million for the implementation of the Gwanda solar photovoltaic project in South Matabeland Province,…
The Federal Government is mounting pressure on the Chinese Embassy to ensure that the Chinese Export Import Bank (EXIMBANK) releases its part of the $5.8 billion funding for the 3,050-megawatt (MW) Mambilla Hydropower project in Taraba State. The…
Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African…
An agreement was recently signed between the government of Ivory Coast and the International Finance Corporation (IFC), a subsidiary of the World Bank in charge of private sector financing. It concerns the implementation of two solar photovoltaic…
The company Électricité de France (EDF) is about to obtain an agreement to acquire an equity stake in the Egyptian company KarmSolar by investing 25 million dollars. The arrival of the French giant is expected before the end of 2019. According to…
US $2bn is set to be invested in construction of biomass power plants in Egypt. The government made the announcement and said that each of the governorates that will house a power plant will have to buy back US $6.65 per kWh and the remaining US$2.…
The Genale Dawa III hydropower project located in Southeast Ethiopia, is set to be operational soon. According to Chief Executive Officer of the Ethiopian Electric Power (EEP) Dr. Abraham Belay, the US $451m power project is 99% complete and will…
The Economic Community of West African States (ECOWAS) is implementing a $36.4 billion (about N13. 2 trillion) Energy Master Plan for the development of West African regional generation and transmission infrastructure between 2019 and 2033. Experts…
The Norwegian government has decided to offer a guarantee of NOK 300 million (30 million) per year to renewable energy suppliers to guarantee their investments in low-income countries. Many of these countries are in Africa, south of the Sahara.…