Power Generation

Financial risk interview with Senior Advisor of The Currency Exchange Fund

2557750930 16ca19f893 b“The solar off-grid grid space is fascinating. Like telecom, it is an example where development and private interests are fully compatible”

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Solar energy gets a 400 MW boost in Egypt

a59e5ed087ba99567d14cc708c395a29A new purchase power agreement will deliver 400 MW of electricity to Egypt, replacing about 350,000 tons of carbon emissions

The 25-year agreement, signed by Scatec Solar and its partners in the presence of Egypt's minister for electricity and renewable energy, Dr Mohamed Shaker El-Markabi and the ambassador of Norway. Mr Sten Arne Rosnes.

Lovated in the Ben Ban area near Aswan in Upper Egypy, the six solar plants will each produce 870 GWh of solar electricity per year. These plants are part of the 2 GW solar FiT programme, which was launched by the Egyptian government in 2015. The electricity produced from the plants is expected to replace about 350,000 tons of carbon emissions, which will assist with meeting Egypt's emissions targets under the historic Paris Climate Agreement.

Total investment in the plants is estimated at US$450mn and the plants are expected to generate annual revenues in the region of US$60mn over the 25-year contract period. Scatec Solar will build, own and operate the plants and has partnered with local developers and KLP Norfund Investments for equity in the projects. Additional partners may be added to an equity consortium before financial close.

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Cross-border power can help Africa overcome low electricity supply rates

Image twoWith the recent announcement of an ambitious power project to connect Cape Town and Cairo within the next three years, the opportunities for reliable cross-border electricity generation are once again in the spotlight

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African Review weekly digest - 3 - 7 April

Komencanto commons for ATR 307Here is a brief overview of the week's new on africanreview.com from 3 - 7 April 2017

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Himoinsa expands its series of generator sets with FPT engines up to 600kVA

HTML HIMOINSA HFW600The four new generators have 17 per cent lower specific consumption than other generators with the same power range, and a service interval that is 200 hours longer

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