UK-based private equity firm Actis and global solar and wind energy company Mainstream Renewable Power have launched a pan-African renewable energy generation platform Lekela Power for US$1.9bn
Energy
Batoka Gorge hydropower plant capacity to increase to 2,400MW
The power generating capacity of the Batoka Gorge hydropower plant is expected to increase to 2,400MW from the originally-expected capacity of 1,600MW
AfDB grants US$145mn loan for Kenya-Tanzania Interconnection Project
The African Development Bank Group (AfDB) has approved a loan amounting to US$144.9mn to the Kenya-Tanzania Interconnection Project
Nigeria and China sign MoU for speedy development of power infrastructure
Nigeria has signed an MoU with China’s TBEA Co Ltd to fast-track the development of sub-stations and transmission lines in the country
Gigawatt Global launches 8.5MW solar farm in Rwanda
Renewable energy company Gigawatt Global has launched the US$23.7mn solar energy plant in Rwanda, which is East Africa’s first utility-scale solar project to go online