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The African Development Bank Group (AfDB) has approved $210m financing to the Federal Republic of Nigeria to fund the Nigeria Transmission Expansion Project (NTEP1) in a bid to improve the capacity and reliability of the country’s transmission grid.
Enel Green Power RSA (EGP RSA), the renewable subsidiary of Italian energy company Enel, has started construction on €400m ($446.1m) Karusa and Soetwater wind farms in South Africa.
A consortium comprising TechnipFMC, JGC, and Fluor has secured an EPC contract from Mozambique Rovuma Venture (MRV) for the Rovuma LNG production complex project in Cabo Delgado, Mozambique.
The European Investment Bank (EIB) and Dutch development bank FMO have agreed to provide $106m (£85m) in financing for the construction of 80MW Radiant and Eldosol solar projects in Kenya.
The European Bank for Reconstruction and Development (EBRD) has approved $252m (£207.4m) funding for the construction of Lekela Power’s new 250MW wind farm, West Bakr Wind, in the Gulf of Suez, Egypt.
American engineering and construction company Fluor has secured an engineering, procurement and construction management (EPCM) contract from Cupric Canyon Capital for its Khoemacau copper and silver project in Botswana, Africa.
Enel Green Power RSA, the South African subsidiary of Italian energy company Enel, has started construction on the 140MW Garob wind farm in South Africa.
Italian energy company Enel’s subsidiary Enel Green Power RSA has started construction on the 140MW Oyster Bay wind farm in South Africa.
The International Co. for Water Services & Infrastructure (IWSI) and construction company Hassan Allam EPC have won a $74m EPC contract in Egypt to design and construct a 40,000m³/day seawater desalination plant, with infrastructure designed and built for a future capacity expansion to 80,000m³/day.
Fluence, a company involved in water, wastewater and reuse treatment markets, has won a €165m contract from the Federal Government of Ivory Coast, West Africa, for the turnkey supply of a 150,000m³/day surface-water treatment plant.
Enel, through its renewable subsidiary Enel Green Power (EGP RSA), has begun construction on the 140MW Nxuba wind farm in the Amatole District, South Africa.
The Multilateral Investment Guarantee Agency (MIGA) has announced that it is providing a guarantee of €164.5m to two investors - EDF International and STOA - in Nachtigal Hydropower Company, which is responsible for the development of a hydropower plant in Cameroon.MIGA, a member of the World Bank Group, has provided Breach of Contract cover for up to 15 years to the two investors. The agency guarantees have been provided alongside payment and loan guarantees from the IBRD, and an investment, loan and risk management swaps by IFC.Located on the Sanaga River, about 65km north-east of Yaounde, the 420MW hydropower plant will contribute an additional 30% of installed generation capacity in Cameroon in addition to the climate co-benefits.The plant will generate enough electricity to power 453,000 homes, and help avoid 41 million tons of CO2 emissions over next 40 years.Nachtigal Hydropower Company and the Republic of Cameroon will develop the power plant on build, own, operate and transfer basis under a 35-year concession agreement.The power generated from the plant will be sold to Energy of Cameroon (ENEO), a privately-owned electricity distribution company, under a power purchase agreement.Upon completion, the Nachtigal Hydropower Project will be connected to the Southern interconnected grid, which represents about 94% of the Central African country’s national electricity consumption.MIGA EVP & CEO Keiko Honda said: “As a project in an IDA-eligible country, as well as one with significant climate change mitigation benefits, the Nachtigal Hydropower Project is a high priority for MIGA.“Equally importantly, I am pleased this project has mechanisms to help address environmental and social concerns, which are of utmost importance to MIGA.”STOA deputy CEO Marie-Laure Mazaud said: "The Nachtigal Dam provides a concrete response to the significant demand for electricity in Cameroon, and is a reference project for the development of similar hydro projects in Africa in the near term.“We are pleased to collaborate with the Republic of Cameroon, EDF, IFC and Africa50 to provide sustainable and accessible energy for the Cameroonian population. The social economic impact of Nachtigal project will be huge in terms of local employment and economic growth."
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