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Category: Hydro power plant

Congolese Civil Society Criticizes Inconsistent Electrification Policy in Open Letter to President Tshisekedi 1 Mining in DRC Hydro power plant 

Congolese Civil Society Criticizes Inconsistent Electrification Policy in Open Letter to President Tshisekedi

Constance
Concerned about the lack of vision and repeated trial-and-error approaches to the electrification policy in the Democratic Republic of Congo (DRC), Congolese civil society has voiced its apprehensions. United within the Wakisha collective, 18 member organizations sent an open letter to President Félix Tshisekedi following the signing of a new agreement on the Inga 3 project. The Wakisha collective expressed serious concerns about the new memorandum of understanding (MoU) for the Inga 3 dam, a mega project aimed at building a new dam with a minimum capacity of around 7,000… Read More Here
Zambian Govt to Implement Measures to Tackle Power Crisis 2 Mining in Zambia Electricity Hydro power plant 

Zambian Govt to Implement Measures to Tackle Power Crisis

Constance
The Zambian government is introducing several interventions to address the current power crisis, according to Energy Minister Peter Kapala. These measures include the importation of diesel-powered generators and the expansion of Maamba Collieries. Minister Kapala expressed concern over the ongoing load shedding, which has been caused by reduced water levels at hydroelectric power stations. He made these remarks during a tour of the Kafue Gorge and Kariba North Power Stations alongside Water and Sanitation Minister Mike Mposha. Kapala announced that the increased load shedding schedule will be reviewed in October… Read More Here
Natural Oilfield to Replace Fortescue in DRC’s Grand Inga Hydropower Project 3 Mining in DRC Electricity Hydro power plant 

Natural Oilfield to Replace Fortescue in DRC’s Grand Inga Hydropower Project

Constance
An Australian mining company, previously led by billionaire Andrew Forrest, has stepped back from developing the world’s largest hydropower project in the Democratic Republic of Congo (DRC). President Felix Tshisekedi’s office announced that Natural Oilfield Services, a Nigerian oil producer, will now take the reins. The revised plan involves constructing a 7-GW facility on the Congo River, scaled down from Fortescue’s ambitious Grand Inga project, which aimed to generate around 40 GW of hydropower. Additionally, the proposal includes an aluminum foundry and a refinery capable of processing millions of tons… Read More Here
DRC Signs Agreement for 7,000 MW Hydroelectric Dam and Major Aluminum Industry Projects 4 Mining in DRC Aluminium Hydro power plant 

DRC Signs Agreement for 7,000 MW Hydroelectric Dam and Major Aluminum Industry Projects

Constance
The Democratic Republic of Congo (DRC) is set to embark on an ambitious infrastructure project involving the construction of a 7,000 megawatt hydroelectric dam, an aluminum foundry plant, an aluminum refinery, and a port terminal. This development follows the signing of a memorandum of understanding between the Agency for the Development and Promotion of the Grand Inga Project (ADPI-RDC) and Natural Oilfield Services Limited (NOFLS). According to a press release received by MINES.CD on Tuesday, May 14, 2024, NOFSL has committed to conducting technical, environmental, social, and financial studies for… Read More Here
Zambia and Zimbabwe to Retender Batoka Gorge Hydropower Project 5 Mining in Zambia Hydro power plant 

Zambia and Zimbabwe to Retender Batoka Gorge Hydropower Project

Constance
According to Bloomberg, Zambia and Zimbabwe are planning to retender the Batoka Gorge hydropower project, valued at approximately $5 billion and with a capacity of 2.4GW. The Zambezi River Authority (ZRA), a collaborative effort between the two nations, will be accepting bids by April 2025, with the expectation of selecting new developers by September of the same year. Situated on the Zambezi River, 54km downstream from Victoria Falls and spanning the border between Zambia and Zimbabwe, the Batoka Gorge hydropower plant has garnered significant interest from potential developers. Originally awarded… Read More Here
Zanaga Iron Ore Surges 26% on Hydroelectric Power Deal for Congo Project 6 Mining in DRC Hydro power plant 

Zanaga Iron Ore Surges 26% on Hydroelectric Power Deal for Congo Project

Constance
Zanaga Iron Ore Co Ltd (AIM:ZIOC) witnessed a notable surge of 26% in its shares on Thursday, driven by a significant announcement regarding its Republic of Congo project. The company disclosed the signing of a memorandum of understanding with China Machinery Engineering Corporation (CMEC) aimed at implementing hydroelectric power solutions for the iron ore project in Congo. This includes potential funding for these power projects, along with preliminary agreements involving the Republic of Congo government and other relevant entities. Chairman Clifford Elphick expressed optimism, stating, “Our feasibility study update process… Read More Here
AfDB Injects $9.72 Million into Modernizing Africa’s Hydropower Systems 7 Mining in DRC Hydro power plant 

AfDB Injects $9.72 Million into Modernizing Africa’s Hydropower Systems

Constance
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has allocated $9.72 million to drive the Africa Hydropower Modernization Program (AHMP), aiming to overhaul hydropower systems across the continent. The funds will expand ongoing AHMP efforts, focusing on 12 private sector-led projects in eight countries. Noteworthy projects include upgrading the cooling water system of Sudan’s 280 MW Roseires plant to mitigate forced outages and replacing electromechanical equipment at the 7 MW Lubilanji 1 plant in the Democratic Republic of the Congo. “About half of Africa’s… Read More Here
DRC Seeks Hydropower Partners, Expands UAE Mining Investments 8 Mining in DRC Energy Hydro power plant 

DRC Seeks Hydropower Partners, Expands UAE Mining Investments

Constance
The Democratic Republic of Congo (DRC) continues its search for partners for the world’s largest hydropower project while anticipating increased mining investments from the United Arab Emirates (UAE) in preparation for December elections. Talks regarding the 44-GW Grand Inga project with Australian billionaire Andrew Forrest and his company, Fortescue Future Industries, have stalled. However, President Felix Tshisekedi revealed in New York that there is interest from other potential partners, including the World Bank, Chinese investors, Europeans, and possibly Fortescue. Tshisekedi aims to position the resource-rich country as an attractive destination… Read More Here
Kibali Set to Roll Out New 10-Year Plan on Back of Production Ramp-Up and Reserve Replacement 9 Mining in DRC Gold Hydro power plant 

Kibali Set to Roll Out New 10-Year Plan on Back of Production Ramp-Up and Reserve Replacement

Constance
Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance. At the same time, successful exploration is expected to more than replace reserves depleted by mining again this year. Briefing media on Wednesday July 5th, Barrick president and chief executive Mark Bristow said the 10-year-old mine was now rolling out its business plan for the next decade, securing its status as one of the company’s elite portfolio of Tier One mines… Read More Here
ZESCO Agrees To Redress Maamba Collieries, with $518 Million By August 2023 10 Hydro power plant Electricity 

ZESCO Agrees To Redress Maamba Collieries, with $518 Million By August 2023

Constance
State power utility ZESCO has agreed in international arbitration in London to pay Maamba Collieries Ltd $518 million by August to settle arrears outstanding arrears for power supplied. Maamba through its parent company Nava has been pursuing international arbitration against ZESCO for outstanding debt. The arbitral tribunal has issued a consent award, and as per the award, ZESCO shall, by August 2023, discharge the outstanding and overdue arrears aggregating to about $518 million. “This is a consent award issued by an international arbitration tribunal based in London,” Sultan Baig, chief… Read More Here

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