Africa Finance Corporation (AFC) has reached financial closure on a $300 million financing arrangement to support construction of Burkina Faso’s largest power plant.
The World Bank has committed $265 million in financing to support Morocco’s modernisation of its hydropower facilities to respond to the challenges of water scarcity and increasing power demand. This funding represents one of the largest single investments in Moroccan hydropower infrastructure in recent years.
Tanzania suffered a major power outage across large areas of the country on 27 June due to a technical failure in its national electricity grid.
Tanzania, Kenya, and Uganda are developing an ambitious regional electricity integration project intended to enhance power-sharing infrastructure and collaborative energy management.
Zambia’s Ministry of Information and Media has said that South Korea’s KS Eco Solutions plans to develop a 500 MW solar power project in ten phases, each phase consisting of a 50 MW generation unit.
South Africa’s Eskom Holdings has officially launched Eskom Green, a renewable energy division aimed at accelerating the development of large-scale renewable energy projects.
Mustafa Madbouli, Prime Minister of Egypt, has announced that as a result of the war in Iran revealing the vulnerability of oil and gas supplies, Egypt will increase the proportion of renewables in its energy mix.
Zambia’s ZCCM Investment Holdings and the Chinese firm Wonderful Group Services have agreed a deal to build a 600 MW coal-fired power plant in Zambia in two phases, at an estimated cost of $452 million.
South Africa will delay the retirement of about a fifth of its coal-fired power generation capacity as gas projects intended to replace them are running behind schedule.
Eurus Energy Holding’s AEOLUS SAS (AEOLUS) has completed two 50 MW solar power plants in Tunisia, representing Eurus’s first renewable energy projects in Tunisia.