Page 3 - AfrElec Week 46 2022

AfrElec CONTENTS AfrElec

COMMENTARY

The number of people without access to power
rises for first time in decades, mostly in Africa 4
COP27 warns business cannot be trusted to police greenwashing 6
COP27: Coal proves a stubborn foe in fight to save climate 8

INVESTMENT & POLICY
Renewable investments at record low in Africa, BNEF report shows 9

Coronation cashes in on Europe’s energy crisis 10
SA’s electricity woes will take years to fix, says says Lekela Power 11
Egypt signs nine renewable agreements worth $83bn at COP27 12
Copperbelt Energy sues ex-ZESCO board member 12

HYDROGEN
Africa could produce 10% of green hydrogen market by 2050 - report 13
ReNew Power to build $8bn green hydrogen plant in Egypt 14

HDF Energy to develop Uganda’s first green hydrogen plant 14

COMPANY NEWS
Liberia’s LEC loses $48mn to power theft 15
Eskom head of generation resigns 15
Tlou Energy raises $2mn to further develop Lesedi 16

NUCLEAR

Doosan Enerbility secures $1.2bn deal for Dabaa 16
IAEA report at COP27 reveals how nuclear
can mitigate climate change in Africa 17

RENEWABLES

Zimbabwe’s Blanket gold mine switches on 12 MW of solar 18
Belgium funds solar energy facility in Morocco’s Noor Ouarzazate 18
Conenergy invests in Morocco-UK developer Xlinks 19
Millennium Challenge Corporation to suppport off-grid in Benin 19
EDF’s first two BW5 wind projects in SA reach financial close 20
EBRD invests $40.5mn in Infinity Power 21
TotalEnergies, ConocoPhillips buy Hess’ share in Waha concessions 21
Belarusian investors to build 100MW solar farm in northwestern Zimbabwe 22
Lithium battery thefts rise in Botswana 22

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