Botswana’s Ministry of Minerals and Energy has signed a memorandum of understanding (MoU) with KP Group, an Indian renewable energy and power infrastructure developer, to jointly develop large-scale renewable energy generation,...
Read MoreEgyptian Electricity Transmission Company (EETC), the country’s transmission system operator, has secured EUR200 million in financing from the European Bank for Reconstruction and Development (EBRD) to strengthen Egypt’s...
Read MoreSaudi Electricity Company (SEC), Saudi Arabia’s state-owned power utility, has signed a financing agreement worth up to USD1 billion with Italy’s export credit agency, Servizi Assicurativi del Commercio Estero (SACE), to support...
Read MoreSaudi Electricity Company (SEC), the state-owned power utility responsible for electricity generation, transmission and distribution across the country, has signed a tripartite memorandum of understanding (MoU) with GE Vernova...
Read MoreThe government of Bahrain, through the Ministry of Finance and National Economy, has signed a fifth loan agreement worth KWD31.25 million with the Kuwait Fund for Arab Economic Development (KFAED) to finance the development of...
Read MoreThe World Bank has signed a USD430 million financing agreement with the government of Tunisia to modernise the country’s electricity sector and accelerate renewable energy deployment through the Tunisia Energy Reliability,...
Read MoreThe state-owned Saudi Electricity Company (SEC) has signed a USD3 billion financing agreement with a consortium of regional and international banks to support large-scale power generation, transmission, and distribution projects...
Read MoreThe Egyptian Electricity Transmission Company (EETC) has signed a cooperation agreement with UAE-based K&K Investment Company to conduct final feasibility studies for the planned Egypt-Europe electricity interconnection...
Read MoreSouth African power transformer manufacturer ACTOM has acquired SGB-SMIT Power Matla (SSPM), enhancing its production capabilities to include Class 3 transformers up to 500 MVA/500 kV. The acquisition is expected to increase...
Read MoreThe Egyptian Electricity Transmission Company (EETC), Greece’s Independent Power Transmission Operator (IPTO) - Anexartitos Diacheiristis Metaforis llektrikis Energiasis (ADMIE), and Greek developer Elica Interconnector – a...
Read MoreThe European Union (EU), under its Global Gateway initiative, has committed EUR359.4 million to finance Côte d’Ivoire’s 400 kV Dorsale Est transmission line project. The Global Gateway initiative is part of EU’s strategy...
Read MoreThe government of Côte d’Ivoire has signed a USD322.5 million energy compact with the US Millennium Challenge Corporation (MCC), to strengthen the country’s electricity sector. The programme aims to reinforce Côte d’Ivoire’s...
Read MoreThe government of Uganda plans to borrow USD358 million from regional and international financial institutions to fund electricity and infrastructure projects aimed at strengthening regional integration. The funds will be...
Read MoreThe Gulf Cooperation Council Interconnection Authority (GCCIA), which owns and manages the Gulf electrical interconnection network, has signed a USD500 million interim financing agreement with Sohar International Bank to...
Read MoreNigeria has obtained a USD238 million loan from the Japan International Cooperation Agency (JICA) to strengthen its power grid. The agreement was announced during the Tokyo International Conference on African Development (TICAD)...
Read MoreJapan will provide up to JPY25 billion in Samurai financing to Kenya to support the vehicle assembly and energy sectors. The agreement was signed by Kenya’s Ministry of Foreign Affairs, and Nippon Export and Investment Insurance...
Read MoreSouth Africa has obtained over ZAR19 billion in new concessional funding from the African Development Bank (AfDB) and Germany’s KfW Development Bank, to support its Just Energy Transition (JET) strategy. The financing forms part...
Read MoreThe International Finance Corporation (IFC), a member of the World Bank Group, will provide development funding to support Phases II and III of the Chimuara–Nacala transmission line in Mozambique. The 460-km transmission...
Read MoreGlobeleq, in partnership with African Rainbow Energy, has successfully achieved financial close for the 153 MW/612 MWh Red Sands battery energy storage system (BESS) project in South Africa’s Northern Cape. Marking a significant...
Read MoreThe Abu Dhabi Fund for Development (ADFD) has provided AED752 million to the Gulf Cooperation Council Interconnection Authority (GCCIA) to expand the United Arab Emirates (UAE) national grid interconnection with the wider GCC...
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