Zambia commissions 150MW Kafue hydroelectric power plant

ZAMBIA – Chinese company Sinohydro has commissioned the first 150MW unit of the Kafue hydroelectric power station and eventually add 750 MW of power to Zambia’s national grid. The Kafue hydropower project is being implemented by Sinohydro, about 50 kilometers south of Lusaka. The Chinese company has built an earth and rockfill dam with a concrete spillway with four radial gates on the Kafue River, a tributary of the Zambezi River. The dam is 139 meters high with a crest width of between 8 and 10 meters and a length…

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Ivoire Hydro Energy secures US$29m from EAIF for the development of 44MW hydro electricity generation plant

CÔTE D’IVOIRE – Ivoire Hydro Energy (IHE) has secured €25 million (US$29.46m) from The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, for over 18 years build a 44MW hydro electricity generation plant. The plant will be on the Bandama River near the village of Singrobo in Côte d’Ivoire and is forecast to take some 36 months to build. Financial close is expected in late Q3 2021. “The new facility being built at Singrobo is the country’s first hydroelectric development by an independent power producer,” Paromita…

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Jubilee Holdings raises its stake in the 250MW Bujabali power plant to 40.9%

UGANDA – Financial services holding company Jubilee Holdings has invested an additional US$40.7 million in Uganda’s hydroelectric power plant Bujagali, raising its stake in the project to 40.9 percent in the year ended December 2020. The Nairobi Securities Exchange-listed company previously held a 25 percent stake in the 250-megawatt plant which supplies half of Uganda’s effective energy capacity. Increased investment in Bujagali is part of Jubilee’s strategy of allocating capital to assets with stable, long-term returns. “Our additional investment in Bujagali totals US$40.7 million. Of this, US$20.4 million or roughly…

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Mozambique to offload majority stake in US$2.4b Mphanda Nkuwa hydropower dam

MOZAMBIQUE – Mozambique has announced plans to sell a majority stake in the planned US$2.4 billion Mphanda Nkuwa hydropower, which is set to be one of the biggest in Southern Africa. The aim is to reach a financial close by 2024 on the 1,500MW facility and an associated transmission line that could increase the total project cost to as much as US$4.4 billion. The government will issue a request for proposals this year 2021 and will take up to four months to select the winner and another six weeks to…

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Tanzania signs US$140m loan agreement with AfDB for construction of hydropower plant

TANZANIA – The African Development Bank Group (AfDB) and the Government of Tanzania have signed a US$140 million loan agreements for the construction of the 50-megawatt Malagarasi hydropower plant in Western Tanzania. The agreements cover a US$120 million sovereign loan from the Bank and US$20 million from the Africa Growing Together Fund (AGTF), administered by the Bank. Emmanuel M. Tutuba, Permanent Secretary at the Tanzania Ministry of Finance and Planning, and Nnenna Nwabufo, Director General of the Bank Group’s East Africa Regional Development and Business Delivery Office, signed the agreements.…

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Ivanhoe Mines Energy and La Société Nationale d’Electricité sign MoU to strengthen hydropower in DRC

DRC – Ivanhoe Mines Energy has signed a Memorandum of Understanding in a public-private partnership with the DRC’s state-owned power company La Société Nationale d’Electricité (SNEL) to deliver reliable, clean, and renewable hydropower to the Kamoa Mine. Ivanhoe Mine’s Co-Chairs Robert Friedland and Yufeng ‘Miles’ Sun explained that Ivanhoe Mines Energy DRC’s (which is a sister company of Kamoa Copper SA) public-private partnership with SNEL is aimed at working together to strengthen the grid’s capacity. This objective is to be met with renewable energy through the upgrade of a major…

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Eskom Uganda to rehabilitate Kiira hydropower plant at a cost US$1.4m

UGANDA – Eskom Uganda, the subsidiary of South African energy utility Eskom, will invest US$1.4 million in the rehabilitation of the 200 MW Kiira hydropower plant. The project will be implemented by the Austrian company Andritz Hydro and the Austrian company will supply and install the new equipment, which will have a life cycle of 15 years.  The operations initiated by Eskom Uganda are aimed at upgrading the regulator in units 14 and 15 of the Kiira hydropower plant, located just outside the town of Jinja in the Eastern Region…

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AfDB lends Angola US$530m for hydropower transmission

ANGOLA – The African Development Bank (AfDB) has approved a US$530 million loan to Angola which will be used to build a transmission line to link the north and south of Angola, as well as to connect households to the national electricity grid. Of the funding allocated by the African Development Bank, US$480 million represents a loan from the pan-African financial institution while the other US$50 million of the funding comes from the Africa Growing Together Fund (AGTF), a US$2 billion fund established in 2014 by the AfDB and the…

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Rwanda’s HQ Peat Power Plant construction nears completion after more than 3 years

RWANDA – MHQ Peat Power Plant in Rwanda is nearing completion after approximately three years of construction, the General Manager of HQ Power Dominique Gubbini, the General Manager of HQ Power, the company behind the development of the facility has said. HQ Power is owned by a Turkish investor called HAKAN AS, an international power company dubbed Quantum Power, with the participation of Themis, a leading project developer and investor with an exclusive focus on incremental renewable power generation assets in Sub Saharan Africa. Mr. Gubbini said that by March 2021, the plant which…

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AfDB approves US$120m loan to build Malagarasi hydro-power project in Tanzania

TANZANIA – The African Development Bank (AfDB) has approved a US$120 million loan to fund the construction of a 50MW hydro-power plant in Western Tanzania that will provide reliable renewable energy in Kigoma region. The Malagarasi hydro-power project has several components: a run-of-the-river hydro-power plant facility; a 54- km, 132 kV transmission line that will connect to Tanzania’s national grid; a distribution network expansion operation that includes rural electrification and last-mile connections; project management and contract administration support; and compensation and resettlement of affected persons. Bank President Adesina Akinwumi noted…

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