Namibia and Zimbabwe have signed a new 15-year power purchase agreement (PPA) for Zimbabwe to supply Namibia with 80MW. The PPA between NamPower and the Zimbabwe Power Company (ZPC) forms part of ZPC’s strategy to finance expansion of the Kariba...
Developer Gigawatt Global has signed a memorandum of understanding with the Ministry of Energy and Mines for a 7.5MW solar photovoltaic (PV) plant. The company, which has an 8.5MW solar plant in neighbouring Rwanda, hopes the project will help...
The dispute that broke out between Westinghouse Electric Corporation and Eskom following the award to France’s Areva of a R4.2bn ($383m) contract to replace six steam generators at the Koeberg nuclear power plant (AE 285/3, 284/5) has led to...
Cenpower Generation Company Limited announced the financial close of $900m of project finance for the Kpone independent power plant (IPP) at Tema on 3 October. The 350MW combined cycle gas turbine plant is due on stream in 2017 and will be energy...
Afren has sacked chief executive officer Osman Shahenshah and chief operating officer Shahid Ullah for gross misconduct following a review into the receipt of unauthorised payments by members of management and senior employees. In a 13 October...
Cenpower Generation Company Limited has announced the financial close of $900m of project finance for the Kpone independent power plant (IPP) at Tema. The 340MW combined cycle gas turbine plant is due on stream in 2017 and will be Ghana’s largest...
More new exploration licence awards have been announced from recent Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (Egas) bid rounds. The new licences will be formally awarded once the concession agreements...
The government has made a $350m payment to BG Group, reducing its outstanding debt to around $1.2bn. Egypt’s total arrears to foreign companies reached some $6.3bn in 2013, and the government has started paying off part of its debt to encourage...
In August, a 600,000-barrel oil cargo for September lifting was awarded to China International United Petroleum & Chemicals (Unipec). But, according to an oil industry source, Unipec was invoiced to pay not the government of South Sudan, but...
Canada’s Vanoil Energy said on 1 October it had launched international arbitration against the Kenyan government over its blocks 3A and 3B. Earlier this year, the government said it intended to allow Vanoil’s licence for the blocks on the Somali...
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