Page 3 - AfrElec Week 45 2022

AfrElec CONTENTS AfrElec

COMMENTARY

No fairness but some hope at COP27 4
Gas has potential to derail COP27’s green ambitions 7
Uberwealthy are the worst climate criminals 9

INVESTMENT
South Africa signs €600mn loan deal with France, Germany 10
World Bank approves $497mn loan to South Africa 11
Namibia secures $544mn climate finance deall 12

POLICY
Industrial action, electricity shortage derail South Africa’s economy 13
Zimbabwe independent power producers
generating 65MW of electricity 14

ESKOM
Ramaphosa launches ‘Just Energy Transition
Investment Plan’ ahead of COP27 climate talks 15

ELECTRIFICATION
Nigeria gives $64.8mn to private companies for electrification project 16

NUCLEAR

Nigeria to explore using nuclear energy, Buhari says 16

HYDRO
Zambia will not suffer electricity cuts despite low water levels 17

RENEWABLES

Skypower Global to build 500MW solar farm in Zimbabwe 18
IFC to provide $83mn of financing for 500-MW wind farm 18
Masdar to develop 10GW wind farm project in Egypt with Infinity 19

Nigerian Breweries signs $10mn deal with CrossBoundary Energy 19
ARTSolar, China’s Talesun set up PV module plant in South Africa 20

NEWSBASE’S POWER ROUNDUP 21

Have a question or comment? Contact the editor – Richard Lockhart (rlockhart@newsbase.com)
Copyright © 2022 NewsBase Ltd. All rights reserved. ISSN 2632-508X No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This
includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its contents
Week 45 09•November•2022 www. NEWSBASE .com P3