February 15, 2021
The United Arab Emirates’ (UAE) Federal Electricity and Water Authority’s (FEWA) ownership has been transferred to the UAE’s sovereign wealth fund, the Emirates Investment Authority, and now will be known as Etihad Water and Electricity (EWE).
January 27, 2021
The European Union (EU), through the Agence Française de Développement (AFD), has approved additional financial support of EUR9.7 million in the form of a grant to Ghana Grid Company Limited (GRIDCo) for upgrading Ghana’s section under the Ghana–Burkina Faso grid interconnection.
December 17, 2020
The African Development Bank (AfDB) has approved a loan of USD42.9 million for financing the second phase of the Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II).
December 15, 2020
Recently, the Agence Française de Développement (AFD) has signed a financing agreement with Tanzania for providing USD31.5 million in the form of a grant for the implementation of the Tanzania–Zambia Transmission Interconnector Project (TAZA).
September 1, 2020
As per news reports, the Saudi Electricity Company (SEC) has signed a seven-year unsecured syndicated borrowing agreement worth SAR9 billion with seven major Saudi banks, namely National Commercial Bank, Bank Albilad, Al-Rajhi Bank, Riyad Bank, Samba Financial Group, Banque Saudi Fransi and the Saudi British Bank.
August 18, 2020
Jordan’s Ministry of Energy and Mineral Resources and Saudi Arabia’s Ministry of Energy have signed a memorandum of understanding (MoU) on the framework for connecting the power grids of both the countries, via 164-km-long line passing from Qurayyat (Saudi Arabia) to East Amman (Jordan).
July 8, 2020
Recently, the Gambian government has received financial support worth USD43 million, in the form of a grant from the International Development Association (IDA), for the implementation of the Gambia Electricity Restoration and Modernisation Project (GERMP).
July 2, 2020
Abu Dhabi Power Corporation (ADPower), a subsidiary of government-owned Abu Dhabi Development Holding Company PJSC, has completed the transfer of majority of its power generation, transmission and distribution (T&D) assets to one of its subsidiaries — Abu Dhabi National Energy Company (TAQA), in exchange for 98.60% of share capital.
June 29, 2020
Recently, the African Development Bank (AfDB) has signed an agreement for extending financial support worth EUR30 million through a European Union (EU) grant, for the implementation of the 225 kV Cameroon–Chad Interconnector Project (CCIP).
June 29, 2020
The Tanzanian Ministry of Finance and Planning and the Agence Française de Développement (AFD) have signed a financing agreement for providing EUR100 million through a concessional loan for the 400 kV Tanzania–Zambia interconnector, which is part of the Zambia–Tanzania–Kenya (ZTK) interconnection project.
June 16, 2020
The World Bank’s International Development Association (IDA) has provided financial support worth USD385 million for the implementation of the 225 kV Cameroon–Chad Interconnector Project (CCIP), which aims to increase access to electricity and enable power trade between Cameroon and Chad.
May 26, 2020
The African Development Fund (AfDB) has approved a EUR4.02 million loan for financing Madagascar’s EUR30 million, 205 MW Sahofika hydropower project (HPP), which entails construction of the HPP on a Build-Own-Operate-Transfer (BOOT) basis and a 75 km, 220 kV associated transmission line, with 110 km of access roads.
May 19, 2020
The African Development Bank (AfDB) will provide financial support to the Nile Equatorial Lakes Subsidiary Action Programme (NELSAP) for updating the feasibility study of the Democratic Republic of Congo (DRC)–Uganda interconnection, which is part of the NEL Interconnection Project.
May 5, 2020
Jordan’s state-owned National Electric Power Company (NEPCO) will receive financial aid worth USD100 million in the form of an emergency loan from the European Bank for Reconstruction and Development (EBRD).
April 30, 2020
Recently, Abu Dhabi Power Corporation (ADPower), a subsidiary of government-owned Abu Dhabi Development Holding Company PJSC, has received a nod from one of its subsidiaries — Abu Dhabi National Energy Company (TAQA), to transfer majority of ADPower’s electricity generation, transmission and distribution (T&D) and water companies, in return for 106,367,950,000 convertible shares in TAQA, and termination of the land lease agreement between ADPower and TAQA.
April 9, 2020
As per news reports, Cameroon’s Ministère de l'Économie de Lla Planification et de L'Aménagement Du Territoire (MINEPAT) has officially signed a XAF148 billion loan agreement with the African Development Bank (AfDB) for the implementation of the 225 kV Cameroon–Chad Power Interconnector.
February 12, 2020
Recently, the Export Import (EXIM) Bank of China has extended financial support worth USD214 million in the form of a loan to the Government of Rwanda for the construction of the Nyabarongo II dam, which will be implemented by the Chinese company Sinohydro.
January 16, 2020
Recently, Ghana received EUR250 million from the German government to upgrade and expand the country’s transmission infrastructure, under the Germany’s Compact with Africa programme.
December 27, 2019
As per news reports, Transmission Company of Nigeria (TCN) has received a grant worth USD13 million from the Japan International Cooperation Agency (JICA) for the provision of capacitor banks to ensure uninterrupted power supply in the Apo and Keffi axis of Nasarawa State in Nigeria.
December 17, 2019
Oman’s state-owned Nama Holding has sold a 49 per cent stake in Oman Electricity Transmission Company (OETC) worth USD1 billion to Chinese State Grid Corporation of China (SGCC), under the Nama Holding 's plan of privatising electricity sector companies.