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Finance

Nigeria electricity subsidy reaches N358bn in a quarter as removal moves to 2027

The Federal Government carried more than half of Nigeria’s generation costs in the first quarter, with tariffs frozen at July 2024 rates. Power Minister Joseph Tegbe has said subsidy payments will be phased out from next year, though neither the date nor the consumer protection measures have been published.
News

Botswana solar project secures $100m to sell into the Southern African Power Pool

Botswana’s first utility-scale solar plant has its financing, and the electricity is destined for the regional market rather than the domestic one. Rand Merchant Bank underwrote the package on a pure market view into SAPP, where the regional deficit sits at around 4,200MW and is concentrated in Zambia and the DRC.
Renewable Energy

Two of three Angolan solar sites remain uncontracted under Masdar’s 500MW southern programme

The 150MW Quipungo project in Huila province was the first site signed under Project Royal Sable, in an agreement with the state transmission company in January. The remaining two sites have no offtake in place. Completed, the programme would reach around 300,000 homes. Masdar has contracted one of the three sites in Project Royal Sable, […]
Energy access

Malawi’s first utility-scale battery should start cutting load shedding this half of the year

ESCOM switched on a 20MW and 40 megawatt hour system in Lilongwe in July, funded by a US$20 million grant. The utility had been curtailing renewable generation it had already produced and running diesel instead. William Kayipa says the arithmetic changes from here.
Renewable Energy

Kenya prepares a 100MW geothermal tender under rules that would charge for the steam

The Geothermal Development Company is readying a public-private partnership for the Paka field, with production slated to begin by 2028. Draft regulations published last year would introduce a royalty on geothermal steam and require community benefit-sharing in every licence application.
News

Africa’s largest solar and storage agreement awaits financial close before the year ends

Scatec signed a 25-year dollar-denominated agreement with Egypt’s transmission company in January covering 1.95GW of solar and 3.9GWh of batteries. Capital expenditure, engineering scope and financing structure are still undisclosed. The company expects to close in the second half of this year.
Tech & Power Generation

ZIZABONA western corridor turns eighteen with 422km still unbuilt across four countries

The line was designed to relieve a central corridor running through Zimbabwe that carries most of Southern Africa’s traded power. Initiated in 2008 and targeting an initial 300MW transfer, it remains at consultancy stage while the congestion it was meant to solve has grown.
Tech & Power Generation

Zambia Tanzania interconnector nears completion as two African power pools prepare to trade

A US$292 million grant is funding the Zambian section of the line that joins the Southern African Power Pool to its East African counterpart. Work on the Tanzanian side was due to finish this year. Once live, Zambia can import in a dry year and export in a wet one.