Page 3 - AfrElec Week 44 2022

AfrElec CONTENTS AfrElec

POLICY

New India-Africa defence pact gives a boost to cooperation 4

INVESTMENT

GNGC official blames Sankofa Gas Project
for Ghana’s decision to seek IMF bailout 5
Zambia needs $14bn to meet doubling of electricity demand 6
Kenya Power net profit rises $29mn on low tax expenses 6

ESKOM
Eskom’s debt deal requires bringing gas, nuclear power into energy mix 7
Eskom bonds continue rebound following improved outlook by Moody’s 8

NUCLEAR

Egypt’s nuclear regulator grants permit for second reactor at El Dabaa 9

COAL
Contango Holdings raises $8.6bn to build
Zimbabwe coal mine, processing plant 10
Zimbabwe’s president sees mining sector
driving ‘robust’ economic growth 11

HYDRO
Nigeria’s $1.2bn Zungeru HPP to be inaugurated in 2023 12
Nigeria to investigate delays, litigation plaguing $6bn Mambilla HPP 12

RENEWABLES

Kenya targets 100% renewable energy by 2030 13
ACWA Power signs MoU with Egypt to set up 10-GW wind farm 13
Ncondezi Energy’s solar battery storage project in Mozambique now
feasible 14

HYDROGEN

South Africa’s IDC signs MoU with ACWAPower for green hydrogen
development project 15

CARBON CREDITS
Nigeria could produce 30mn carbon credits annually by 2030 16

NEWSBASE’S POWER ROUNDUP 17

Have a question or comment? Contact the editor – Richard Lockhart (rlockhart@newsbase.com)
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