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Tag: Energy

Biogas equipment firm Sistema.bio secures US$9m to supply farmers with affordable biodigesters

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KENYA – Biogas equipment firm Sistema.bio has secured KSh1.2 billion (US$9.89 million) from American impact business firm Native to run a carbon biogas programme in East Africa targeting smallholder farmers, reports Business Daily Africa. Under the three-year programme Sistema.bio will supply biodigesters affordably to small and medium dairy farms in Kenya, Uganda and Rwanda to cut their carbon emissions. The…

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KenGen partners Japan’s Toshiba ESS for operation and maintenance of geothermal power plants

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KENYA – Kenya Electricity Generating Company (KenGen), the largest producer of geothermal energy in East Africa, has signed a partnership with Japan’s Toshiba Energy Systems & Solutions Corporation (Toshiba ESS). The two companies will exploit geothermal energy in several countries. With 799 MWe in operation, Kenya Electricity Generating Company (KenGen) is the leading producer of geothermal energy in Africa. Although…

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Ghana signs MoU with ATI to promote access to reliable, clean, and affordable electricity

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GHANA – The Government of Ghana has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATI) for the rollout of the Regional Liquidity Support Facility (RLSF) within the country. The MoU is in line with the government’s mission to promote access to reliable, clean, and affordable electricity. RLSF, a joint initiative of ATI, the KfW Development…

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Energy company Sasol partners ITOCHU on green energy development

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SOUTH AFRICA – Sasol, an energy and chemical company and Japanese ITOCHU Corporation have signed a Memorandum of Understanding (MoU) to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and power generation. The parties will also evaluate ITOCHU’s potential involvement and participation in Sasol’s green ammonia export-orientated…

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Eskom partners SARETEC to develop renewable energy artisan skills in South Africa

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SOUTH AFRICA – Eskom, electricity public utility, and the South African Renewable Energy Technology Centre (SARETEC) signed a Memorandum of Agreement (MOA) to formalise the collaboration to develop renewable energy artisan skills in South Africa. The MOA will also support the implementation of the Eskom Just Energy Transition (JET) Strategy. Eskom has developed a comprehensive JET Strategy which places equal…

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Energy technology firm Beacon Power Services closes US$2m seed round

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AFRICA – Beacon Power Services (BPS), an energy technology firm that delivers data and grid management solutions to assist Africa’s power sector distribute electricity more efficiently, has announced the closing of a US$2.7 million seed round. Seedstars Africa Ventures led the company’s seed round, which included Persistent Energy, Kepple Africa Ventures, Factor[e], and Oridun Capital Management. The new money will…

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Minigrid energy sector grows in Africa despite government bias towards centralised grid

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AFRICA – Africa’s minigrids sector has doubled the number of people it connected to modern and reliable electricity in the last two years amidst the COVID-19 pandemic. Today, more than 500,000 people, healthcare facilities schools and businesses in sub-Saharan Africa can access stable electricity thanks to minigrids. This is according to the Africa Minigrid Developers Association’s (AMDA) second edition of…

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BOCOM Petroleum secures US$52m from IFC to expand access of LPG

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CAMEROON – BOCOM Petroleum SA, a leading Cameroonian importer and distributor of petroleum products, has secured €50 million (US$52.31m) financing package through a partnership with International Finance Corporation (IFC), a member of the World Bank. IFC will help BOCOM expand access to liquified petroleum gas (LPG) in Cameroon. The partnership is aimed at boosting access to cleaner and more reliable…

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iGas, CMG acquire minority stake in Mozambique’s pipeline company ROMPCO

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MOZAMBIQUE – iGas, the South African gas development company, and Mozambique’s Companhia Mocambiçana de Gasoduto (CMG) have acquired a 30% equity stake in the 865km Republic of Mozambique Pipeline Company (ROMPCO) pipeline. Sold for R4.1 billion (US$251.06m), plus a deferred payment of R1 billion (US$61.23m) pending specified conditions are met by June 30, 2024, the shares bring iGas and CMG’s…

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NamPower increases affordable electricity with the launch of 20 MW solar power plant

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NAMIBIA – Namibian state-owned utility, NamPower, has inaugurated the utility’s first fully owned 20MW photovoltaic (PV) power plant in Omaruru in the Erongo region. The Omburu PV project which took 15 months to complete, was constructed through a joint venture between Hopsol Africa and Tulive Private Equity. According to Nampower, the plant, which occupies 40 hectares, is expected to supply…

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