West Africa Energy Cooperation Summit Post Show Report 2024

Yinson Production has finalised an infrastructure modification agreement for the floating production storage and offloading asset operating in Ghanaian waters to expand technical capacity for domestic thermal plants.

Senior executives from Aksa Energy's West African division have held talks with the Ghana Revenue Authority to secure a data-sharing protocol for its 370 megawatt generation pipeline.

Developers have been shortlisted for two 100MWp solar plants at Dabakala and Niakaramandougou, each paired with 33MWh of battery storage, under 25-year independent power producer concessions. The procurement sits inside a national target of 45% renewables in the electricity mix by 2030.

Senegal's energy minister told a briefing in Dakar on 1 October that the state will invest close to 400 billion CFA francs to electrify 6,471 localities by 2029. The commitment follows a September in which Dakar lost around 200MW from a single plant failure during a heatwave.

Guinea signed three loan agreements worth €269.5 million with the ECOWAS Bank for Investment and Development in Conakry on 10 September, covering health, transport and energy. The country already sells 1,174GWh a year into Senegal, The Gambia and Guinea-Bissau under bilateral contracts.

Madagascar’s Ministry of Mines has formalised the exploitation permit for Harena Rare Earths’ Ampasindava project, an ionic clay deposit the London-listed company plans to bring into production in 2028 at about 4,000 tonnes of rare earth oxides a year, with up to $4.84m from the US DFC behind its pilot.

Dangote Petroleum Refinery reported a net profit of $4.73bn on revenue of $22.48bn for the nine months to September, against a loss a year earlier. Nigeria’s Securities and Exchange Commission has approved extending its share offer, which seeks about $1.6bn, to 27 October.

Ethiopia has inaugurated a National Precious Metals Refinery with capacity for more than 600 tonnes a year, owned 51% by the state through Ethiopian Investment Holdings. Prime Minister Abiy Ahmed says the aim is to replace raw exports in a country where gold earned about half of last year’s export revenue.