Financing power projects in Africa: From pipe dream to project bankability

Many energy schemes across Africa wither because of the absence of effective financing structures. However, both development finance institutions and commercial lenders are committed to finding solutions that could transform the continent’s prospects. James Gavin reports. The race is on to find new ways of catalysing finance for projects that provide electricity to all Africans….

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TCN

Discos’ power supply slumps to 2,962MW

Oke Peter with Agency Report A report obtained Thursday from the System Operations (SO), a department of the Transmission Company of Nigeria (TCN) has shown that the level of electricity distribution by the 11 electricity distribution companies (Discos) in the country has significantly dropped to 2,962.82 megawatts (MW) or 46.73 per cent. The report, which…

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ENGIE acquires Mobisol, becomes African market leader in off-grid solar

ENGIE already has significant activities in off-grid electrification in Africa ENGIE has expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions. Founded in 2011, the company employs over 500 people as well as approximately 1,200 contractors. Mobisol has operations in Tanzania, Rwanda, and Kenya and has…

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Schneider Electric, AFD, NAPTIN to train 300 Nigerian electricians

Nigeria’s energy management giant, Schneider Electric in partnership with Agence Francaise de Development (AFD) and the National Power Training Institute (NAPTIN) will begin the second round of training for Nigerian electricians across the country on September 3.   Already, Schneider Electric has trained 1,000 beneficiaries in the last five years and has asked those who do…

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Ikeja Electric introduces E-Bills to boost customer experience

In its efforts aimed at ensuring effective service delivery to its customers, Nigeria’s leading electricity distribution company, Ikeja Electric Plc (IE) has introduced its electronic billing (e-billing) platform, which enables customers to receive electricity bills promptly and conveniently, via channels such as SMS, USSD, email, IE Bill portal and IE mobile Application. The e-billing initiative…

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GE completes gas turbine upgrade ahead of schedule at Tanzania’s Songas Ubungo Power Plant

Upgrade of three GE’s LM6000PA and one LM6000PC Aero derivative gas turbines Improved Plant Efficiency and Reliability Songas Ubungo Power Plant provides more than 20 percent of the grid connected power in Tanzania; upgrade of three GE’s LM6000PA and one LM6000PC Aero derivative gas turbines Improved Plant Efficiency and Reliability. GE and Songas today announced…

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