Tag: Power

Turkish Aksa Power Generation opens new offices in Kenya and Sudan

Frank

KENYA – Aksa Power Generation, Turkish company that designs, manufactures, distributes, sells, and services electrical power generators worldwide which is a part of Kazancı Holding, has opened new offices in Kenya and Sudan, a move that is in line with the company’s ambitious plan to grow rapidly in Africa With eight offices in Africa, from North (Algeria office) to South (South Africa office), the company will open a Senegal office soon. Aksa’s R&D facilities are located in Istanbul-Turkey and Changzhou-China by employing the highest calibre engineers and developing hardware and…

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9 million people to benefit from US$385m IDA funded Cameroon-Chad Power Interconnection Project

Frank

CENTRAL AFRICA – The International Development Association (IDA), a subsidiary of the World Bank Group, has approved a loan of US$385 million for Cameroon-Chad power interconnection project. The funds according to Africa Energy Portal will be used to finance a power interconnection project between the two Central African countries. The total population directly concerned by the power interconnection project will be about 8.9 million, of which 6.5 million will be in Cameroon and 2.4 million in Chad. Apart from the support of International Development Association (IDA), the project is also…

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IFC arranges US$342m credit facility for development of Eranove’s Atinkou Power Plant in Côte d’Ivoire

Frank

COTE D’IVOIRE— IFC has succeeded in arranging a US$ 341.98m (EUR 303m) credit facility for the financing of a new a gas fired power project in Côte d’Ivoire. The new plant – called Atinkou – is  being developed by Eranove, an independent producer and the delegated manager of public services in the water and electricity sectors in Ivory Coast. According to an IFC statement, the new plant  will boost power generation and supply in a country, where, as of 2017, only 66 percent of the population had access to electricity.…

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Ghana’s Millenium Development Authority to construct two primary substations to improve power supply

Frank

GHANA – Millennium Development Authority (MiDA) has said that it will construct two primary substations in Kanda and Legon to reduce technical losses at the Electricity Company of Ghana (ECG). According to a statement from the authority the two projects forms part of the implementation of the Power Compact programme. Chief Executive of MiDA, Mr Martin Eson-Benjamin in his remarks said the Primary Substations is expected to be the solution to the perennial power supply challenges experienced by the beneficiary health facilities. He added that the Primary Substation interventions could…

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Nigerian renewable energy company, Rensource secures US$3m investment from French impact investor, Proparco

Frank

NIGERIA – Proparco, a subsidiary of Agence Française de Développement (AFD) with the support of the European Union (EU), has invested USD 3 million equity in Rensource (Holdings), a key player in the renewable energy sector in Nigeria. “By developing innovative economic models based on renewable energies, SMEs such as Rensource will be playing a key role in the energy sector over the coming years”, explains Jean GUYONNET-DUPERAT, PROPARCO’s regional director in Nigeria. “Our investment is fully aligned with PROPARCO’s mandate which is to support green and inclusive growth and…

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Nigeria partners with Siemens to improve electricity transmission and distribution

Frank

NIGERIA – The Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map to be developed in partnership with Germany-based Siemens AG. The amount provisioned for the Presidential Power Initiative is one of the key expenditures captured in the 2020-2022 Medium-Term Expenditure Framework and not in the 2020 budget. This is contained in the highlights of the 2020 approved budget presented by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Power projects in the budget include the 3,050-megawatts Mambilla hydropower plant in…

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Planned Launch of central electricity grid control set to increase energy access in ECOWAS region

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electricity linkage to 250MW by 2021

WEST AFRICA – The West African Power Pool (WAPP) has announced that a central control centre that will be used to manage and operate all electricity grids in West Africa shall begin operations by 2020. The Secretary-General, WAPP, Siengui Appollinaire, told journalists on the sidelines of the executive board meeting of the agency that there had been many remarkable feats by the group. “We are completing the control centre, which is the place where all the electricity grids of West Africa will be monitored and from where the electricity market…

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Nigeria secures US$3bn from World Bank to boost power supply

Frank

NIGERIA – The Federal Government through its Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that the World Bank has finally approved its $3bn loan request for the expansion of the power transmission and distribution networks in the country.    The minister said this while addressing journalists on the outcome of Nigeria’s participation at the annual meetings of the World Bank/International Monetary Fund in Washington DC. She said the $3bn World Bank loan for the power sector would be disbursed in four tranches of $750m each,…

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Ghana to launch wholesale electricity market to lower power costs

Frank
electricity linkage to 250MW by 2021

GHANA – Ghana Grid Company Limited (GRDCo), has announced that it will be launching the first ever wholesale electricity market in Africa next year. While delivering the news, GRDCo’s chief executive officer, Mr Jonathan Amoako-Baah, said that the move will allow for the cost of electricity to determined by market forces rather than fixed levelized costs and marginal pricing.   He said this while speaking at the opening ceremony of the 2019 AFRICON hosted by the Institute of Electrical and Electronics Engineers (IEEE), in September 2019 at the Ghana Institute…

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