Uganda’s Energy Ministry has expressed dissatisfaction in the implementation of the $5 billion Ayago hydropower project. The Minister of Energy, Ruth Nankabirwa has shown her discontent with the delays, suggesting that the government seeks a new investor. Once completed, the… Read More »Uganda seeks new investor for Ayago project
Scatec ASA has successfully completed the sale of its 51% stake in its African hydropower joint venture with Norfund and British International Investment (BII) to TotalEnergies for US$167 million. The transaction closed today at an agreed sales price of USD… Read More »Scatec completes sale of African hydropower assets to TotalEnergies
The German government, through the KfW bank, has announced financial support of 17 million euros for the construction and rehabilitation of the Lichinga and Cuamba mini-hydro plants in Niassa province, northern Mozambique. Speaking after the signing of the agreement with… Read More »Germany grants 17 million euros for Lichinga and Cuamba hydro plants in Mozambique
TDB Group and Anzana Electric Group (“Anzana”) announce the financial close and first utilization of a portfolio project debt package for two run-of-river hydropower projects in Burundi developed by Songa Energy. This USD 35 million 10.65MW long-term debt financing facility… Read More »TDB and Anzana announce financial close of Songa energy’s 10.65 MW hydro portfolio in Burundi
Zutari Eswatini has been appointed as the Owner’s Engineer for the 13.5 MW Lower Maguduza Hydropower Scheme, which will be developed on the Lusutfu River, approximately five kilometers west of Sidvokodvo. The project will span a 25-month construction period, followed… Read More »Zutari Eswatini appointed as Owner’s Engineer for Lower Maguduza
Construction has commenced on the 13.5 MW Lower Maguduza hydropower plant in Eswatini following the project’s financial close. It is being developed by African Clean Energy Developments (ACED) backed by the African Infrastructure Investment Managers-managed IDEAS Fund and the Eswatini… Read More »Construction begins on Eswatini’s Lower Maguduza
The Ngonye Falls Hydroelectric Project in Zambia has been awarded Gold certification after being assessed under the Hydropower Sustainability Standard (HSS). The project excelled in several areas, including labour and working conditions, as well as governance and procurement. It has… Read More »Ngonye Falls HPP becomes Africa’s first HSS-certified hydropower project
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC), marking a major step in expanding green infrastructure across the Central African region. Partnering with… Read More »Afreximbank signs landmark hydropower project in Democratic Republic of Congo (DRC)
The Lesotho Highlands Development Authority (LHDA) has awarded the engineering design and construction supervision contract for the Oxbow Hydropower Scheme. This marks the initial phase of the Lesotho Highlands Water Project (LHWP) Phase II hydropower initiative. The contract was awarded… Read More »LHDA awards Oxbow hydropower scheme design contract
Hydrobox is excited to announce a strategic USD 9 million debt investment from FMO, the Dutch Entrepreneurial Development Bank, and ElectriFI, an EU impact investment facility focused on clean energy access in developing countries, managed by EDFI Management Company (EDFI… Read More »FMO and ElectriFI invest in Hydrobox