Category archives for: Electricity

Siemens Supports Ghana’s Transformation Trajectory

January 16, 2020//-Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Ghana to address the country’s energy and infrastructure challenges, while contributing to the Governments growth and development agenda of creating high quality jobs and enhancing the vocational skills of Ghana’s youth.

Ghana: GRIDCo Disconnects Power Supply to VALCO Over Huge Debt

Accra, Ghana, December 30, 2019//-The Ghana Grid Company Limited (GRIDCo) today disconnected power supply to the Volta Aluminum Company Limited (VALCO) over mountainous debts.

Blueprint for a Pan-continental Electricity Network and Market Coming

December 13, 2019//-The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market.

African Development Bank Approves $210M  Financing for Nigeria’s Project

Abidjan, Côte d’Ivoire, November 29, 2019 – The Board of Directors of the African Development Bank Group has approved a $210 million  financing package to  Nigeria, for the Nigeria Transmission Expansion Project (NTEP1), which seeks to rehabilitate and upgrade the nation’s power lines and improve distribution and supply.  

Vantage Capital Exits its Genser Ghana Investment

Johannesburg, South Africa, November 16, 2019/ — Vantage Capital, Africa’s largest independent mezzanine fund, announced this week that it successfully exited its $18.5 million mezzanine investment in Genser Energy, a management-owned, independent power producer.

Global Distribution Transformers Market Expected to Strong Growth

November 8, 2019//-The global distribution transformers market is estimated to grow at a compound annual growth rate (CAGR) of 2.25% over the forecast period (2019–2023) to reach $15.36bn in 2023, says GlobalData, a leading data and analytics company.    

UK-Japan Energy Partnership of Azuri, Marubeni Selected for British Business Awards

Cambridge, United Kingdom, November 6, 2019: The successful partnership between UK-based Azuri Technologies, a leading pay-as-you-go solar innovator and Japanese Fortune 500 company Marubeni Corporation has been nominated for a British Business Award, with winners to be announced in Tokyo this week.

How Failing Power Utility Is Fueling South Africa’s Economic Crisis

A main street of a poor neighbourhood in Cape Town during recent power cuts. EPA/Nic Bothma Mark Swilling, Stellenbosch University November 2, 2019//-South Africa’s state power utility Eskom is the biggest challenge facing the country. Mess up Eskom, and you mess up the country. And it looks as though key players are doing just that.

Independent Power Producers to Gov’t: Pay Us the $1.5bn You Owed

Accra, Ghana, October 28, 2019//-The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) has asked for the payment of debts owed it by the government and the Electricity Company of Ghana.

PDS Cancellation: ECG Resumes Full Control of Power Distribution

Accra, Ghana, October 23, 2019//-The Electricity Company of Ghana Limited (ECG) has today, resumed full operational and financial control of the electricity distribution business in the Southern Zone of Ghana with immediate effect.

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