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Category: Energy

South Africa Signs Eight Deals to Revamp Electricity Network with China 1 International Electricity Energy 

South Africa Signs Eight Deals to Revamp Electricity Network with China

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
DRC's SNEL and PPC Barnet Agree on a $1.2 Million Electricity Network Extension Project in Kongo Central 2 Energy Electricity Mining in DRC 

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

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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
UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership 3 Mining in Zambia Battery Metals Cobalt Copper Energy Partnership 

UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership

Constance
The British Government has agreed a partnership with Zambia covering clean energy and critical mineral supply worth more than $3.7bn (£2.91bn). Under the clean energy and green investment partnership, the UK will aim to generate $3.1bn of private sector investment for the Zambian mining and renewable energy industries. A further $600m of funding will come in the form of UK Government-backed investments. Approximately 70% of Zambia’s export earnings come from mining. In 2022, Zambia was the world’s eighth-largest copper producer, and second in Africa. In the same year, it was also the world’s 13th-largest… Read More Here
Zambia Electricity and Westland Power Sign Power Purchase Agreement 4 Mining in Zambia Electricity Energy 

Zambia Electricity and Westland Power Sign Power Purchase Agreement

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
Zimbabwe: Contango Secures 20,000 tpm Coal Offtake Agreement 5 International Coal Energy 

Zimbabwe: Contango Secures 20,000 tpm Coal Offtake Agreement

Constance
Natural resource development company Contango Holdings has signed a new offtake agreement with global commodity marketing firm TransOre International FZE for the sale of coal from the Lubu project in Zimbabwe. Under the terms of the deal, Contango will supply TransOre with 20,000 tons of washed coal per month at US$120/ton, in line with the current processing capacity at the project. Offtake has the potential to be further expanded as the mine’s production capacity increases. Carl Esprey, CEO of Contango, said the contract with TransOre doubles the firm’s existing offtake… Read More Here
Nuru Secures $40 Million Investment to Expand Project Portfolio in the DRC 6 Mining in DRC Electricity Energy 

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

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
Copperbelt Energy Corporation to Expand Investments in the DRC 7 Mining in Zambia Energy Events & Expos Mining in DRC 

Copperbelt Energy Corporation to Expand Investments in the DRC

Constance
The Copperbelt Energy Corporation (CEC) has announced plans to expand its investments in the Democratic Republic of Congo (DRC), aiming to explore additional energy-related business prospects. This strategic move aligns with CEC’s development plan, according to a statement issued by Verona Nkolola, the Head of Corporate Communications at CEC. CEC Managing Director Owen Silavwe emphasized the importance of the DRC market for the power company, During the DRC Mining Week, Expo, and Conference, which was held under the theme ‘Recognizing DRC’s Mining Triumphs and Victories’ in Lubumbashi, Silavwe highlighted that… Read More Here
MMAMABULA Project: Jindal Builds Botswana's Largest Coal Mine & Power Plant 8 International Coal Energy 

MMAMABULA Project: Jindal Builds Botswana’s Largest Coal Mine & Power Plant

Constance
The multi-billion dollar O P Jindal Group is hitting the ground running to kick start its long awaited Mmamabula Coal Project. Jindal holds mining license for about 3 billion tonnes of coal in the East Mmamabula Coal Fields. The company is planning to carry out initial mining of 4.5 million tonnes per annum of coal and also to set up a 300 Megawatt power plant at Mmamabula, along with the related infrastructure works. The Jindal’s Mmamabula Coal Mine will be Botswana’s biggest, just 300 000 tonnes above state owned Morupule… Read More Here
Burkina Faso, Uganda and Zambia welcome power investees 9 Energy Mining in Zambia 

Burkina Faso, Uganda and Zambia welcome power investees

Constance
The Beyond the Grid Fund for Africa (BGFA) has signed new agreements with energy service companies to support the expansion and scale-up of off-grid stand-alone solar home systems in Burkina Faso, Uganda and Zambia. Further agreements have been signed with FINCA Plus LLC Uganda, Sun King (Greenlight Planet Zambia Limited), Qotto SARL BF and Bboxx (Advens Bboxx Burkina Faso SAS) which is expected to benefit up to 2.5 million people living in remote areas across the countries. FINCA Plus LLC, known as BrightLife Uganda, provides access to affordable products to markets… Read More Here
Ethiopia’s Controversial New Hydroelectric Dam Has Neighbors On Edge 10 Energy International 

Ethiopia’s Controversial New Hydroelectric Dam Has Neighbors On Edge

Constance
As the Grand Ethiopian Renaissance Dam nears completion, following years of delays and conflict over water security, Ethiopia is optimistic about what this means for the country’s energy sector. However, other countries, such as Egypt, are concerned about the effects the dam will have on its water supply. With no agreement over the management of the dam having been reached, the project could have a dramatic effect on the region’s energy and water security.  Ethiopia’s Office of National Coordination announced this month that its Grand Ethiopian Renaissance Dam (GERD) has… Read More Here

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