Electricity - Copperbelt Katanga Mining

FQM SIGNS LANDMARK POWER SUPPLY AGREEMENT WITH ZESCO

December 1, 2023December 1, 2023 Constance

First Quantum Minerals (FQM) and ZESCO have entered into a landmark Power Supply Agreement (PSA), marking a new era of cooperation and securing a sustainable energy supply for FQM’s Trident and Kansanshi mines in Zambia. The ten-year agreement marks a significant milestone in the relationship between the two companies and represents a new era of collaboration and sustainable energy development in Zambia. Under the terms of the PSA, ZESCO will supply over 420 Megavolt Amperes (MVA) of renewable power to FQM’s Trident and Kansanshi mine sites. This substantial power supply… Read More Here

Mining in DRC Cobalt Copper Electricity

CMOC Group Faces Hurdles in DRC Cobalt and Copper Expansion Amid Electricity Woes

November 24, 2023November 24, 2023 Constance

Chinese mining giant CMOC Group foresees challenges in the expansion of its cobalt and copper production in the Democratic Republic of Congo (DRC) due to ongoing electricity supply issues in the region. The DRC, a leading global supplier of cobalt and a prominent copper producer, faces persistent power shortages and logistical hurdles in exporting metals via ports in South Africa, Tanzania, and Namibia. CMOC’s Tenke Fungurume mine was among those affected by recent disruptions caused by a wildcat strike among truckers, leading to stranded copper and cobalt shipments. While the… Read More Here

Mining in Zambia Electricity

Mozambique’s EDM to Resume Electricity Sales to Zambia

October 19, 2023October 19, 2023 Constance

Mozambique’s publicly owned electricity company, EDM, announced on Tuesday October 17th that it will resume the sale of electricity to Zambia, through its Zambian counterpart, ZESCO Limited. To this end, EDM chairperson Marcelino Alberto and the ZESCO General Director, Victor Mapani, signed a power supply agreement (PSA), under which EDM will sell 50 firm megawatts of power to ZESCO and a further 200 non-firm megawatts. (“Firm” means that the power is supplied at off-peak times.) The two companies also extended an agreement whereby power is supplied from Zambia to Zumbo… Read More Here

Mining in DRC Cobalt Electricity Mining in Zambia

DRC Sets Sights on Electric Battery Value Chain in Global EV Market

September 27, 2023September 27, 2023 Constance

The Democratic Republic of Congo (DRC) is poised to become a key player in the global electric vehicle (EV) market, with projections indicating a substantial growth from $370.86 billion in 2021 to a staggering $1,298.32 billion by 2027, according to Bloomberg. To solidify its position, the DRC recently hosted a workshop on electric battery value chains, in collaboration with the Congolese Battery Council (CCB) and the US Department of State. Minister Nicolas Kazadi stressed the importance of a cross-border and regional approach, highlighting the need for cooperation with neighboring countries… Read More Here

Mining in Zambia Electricity Energy

ZESCO reintroduces electricity subsidies to benefit 8,300 new connections

August 30, 2023August 30, 2023 Constance

Zambia Electricity Supply Corporation Limited, the national electricity provider, has announced a significant move to enhance electricity access for low-income households and small-scale enterprises across Zambia. The company’s Managing Director, Victor Mapani, shared through a statement that they are reintroducing an electricity connection subsidy as part of the Electricity Service Access Project (ESAP). This initiative aims to extend electricity access primarily to rural areas. Under this program, a total of 8,300 new electricity connections will be established, benefiting both households and small-scale enterprises. Out of these, 7,800 connections are earmarked… Read More Here

International Electricity Energy

South Africa Signs Eight Deals to Revamp Electricity Network with China

August 25, 2023August 26, 2023 Constance

South Africa signed eight agreements with Chinese companies to strengthen its electricity system and address load shedding on the sidelines of the 15th BRICS Summit, currently taking place in Johannesburg, South Africa. The pacts will assist South Africa to expand electricity generation, transmission and distribution networks as well upgrade its nuclear facility, extend the life of coal plants, deploy technologies to reduce emissions and build solar PV manufacturing facilities. The agreements were signed by Kgosientsho Ramokgopa, South Africa’s Minister in the Presidency for Electricity with Chinese entities including State Grid Corporation of China,… Read More Here

Energy Electricity Mining in DRC

DRC’s SNEL and PPC Barnet Agree on a $1.2 Million Electricity Network Extension Project in Kongo Central

August 13, 2023August 13, 2023 arnbethnic

The National Electricity Company (SNEL) and PPC Barnet, a private company operating in the gray cement industry, signed a memorandum of understanding on Friday, July 28, 2023, in Kinshasa. The agreement is worth $1.2 million USD and aims to carry out a project to extend the electric network for supplying power to the villages of Zamba 1st and Malanga Cité, located in the Songololo territory. The official signing ceremony of the memorandum of understanding took place at the SNEL headquarters in the Gombe commune in Kinshasa. The National Electricity Company… Read More Here

Mining in Zambia Electricity Energy

Zambia Electricity and Westland Power Sign Power Purchase Agreement

July 21, 2023July 21, 2023 Constance

Zambia electricity supply (ZESCO)ESCO Limited has signed a Power Purchase Agreement (PPA) with ACSG Westland Power Company Limited, which will see the latter invest in solar thermal projects across the country. The agreement was signed on 18 July 2023 at a ceremony held at ZESCO Head Office in Lusaka and officiated by the Minister of Energy, Hon. Eng. Peter Chibwe Kapala. ZESCO Managing Director, Eng. Victor Mapani said Zambia’s electricity supply industry needs to be demonopolized to allow many players on the market contribute towards meeting the current power supply… Read More Here

Mining in DRC Electricity Energy

Nuru Secures $40 Million Investment to Expand Project Portfolio in the DRC

July 7, 2023July 7, 2023 Constance

Nuru will be able to continue developing its portfolio of projects in the Democratic Republic of Congo (DRC). The electricity access provider based in Goma in the province of North Kivu has closed its Series B financing round with an investment of $40 million. In addition to the International Finance Corporation (IFC) and Proparco, which announced their investments at the Summit for a New Global Financial Deal in Paris, the deal attracted several other investors. These include the Renewable Energy Performance Platform (REPP), the Global Energy Alliance for People and… Read More Here

Mining in Zambia Contracts & tenders Electricity

Zambia Cancels Zambezi Power Station Contract Over Cost and Procurement Issues

June 20, 2023June 20, 2023 Constance

Zambia has disclosed that it will cancel a building contract given to General Electric Co. and Power Building Corp. of China because the project to construct a 2,400-megawatt power station on the Zambezi River is excessively expensive. In remarks aired last week on the state-run Zambia National Broadcasting Corp., and reported by the American news agency, Bloomberg, Zambia’s energy minister, Peter Kapala, noted that proper procurement procedures weren’t followed when the purchase was made. The dam’s development is overseen by the state-run Zambezi River Authority, which predicted last year that the project… Read More Here