Inspiring Africa's Sustainable Business Growth
MALAWI – The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees of US$24 million for the new 20-megawatt Golomoti solar photovoltaic plant in Malawi. Developed by JCM Power, the solar energy facility is controlled via a special purpose vehicle, JCM Golomoti UK Limited. The guarantees by MIGA will be for equity and shareholder…
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EGYPT – Norwegian renewable energy company, Empower New Energy, has signed an agreement with Arab Medical Equipment Company (AMECO) to build a 2.5 MW solar power plant. The renewable energy company will build a rooftop solar power plant to power AMECO’s factory in Ramadan City, Cairo, Egypt. The solar plant will have a capacity of 2.5 MWp, one of the…
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SÃO TOMÉ AND PRINCIPE – The government of São Tomé and Príncipe is launching a tender for the construction of a 1.5 MWp solar photovoltaic plant south of Santo Amaro financed by AfDB. The call for expressions of interest is open until June 6, 2022. The successful company will sign an engineering, procurement, and construction (EPC) contract for a 1.5…
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EGYPT – Metito Holdings is set to partner with Scatec and Orascom Construction, and the government of Egypt to build a solar-powered seawater desalination plant in Egypt. Three companies want to invest in the supply of drinking water in Egypt. They are the Emirati company Metito Holdings, the Norwegian group Scatec and the Egyptian company Orascom Construction, gathered in the…
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IVORY COAST – The state-owned company Côte d’Ivoire Energies (CI-Energies) is launching a call for tenders for the construction (EPC) of the20 MW Kossou floating solar power plant. Côte d’Ivoire Energies has obtained finance from the French Development Agency (AFD) to implement the project. The floating solar PV system will be constructed on the reservoir of the 174MW Kossou hydroelectric…
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MOROCCO – Citic Dicastal Group has launched construction on its third aluminium manufacturing unit in the Atlantic Free Zone of Kenitra (AFZ) with a budget of MAD 1.8 billion (US$192 million). Citic Dicastal is a Chinese equipment manufacturer specializing in the casting and production of aluminium automotive parts, including rims, powertrains, and chassis. The company has two operating aluminium manufacturing…
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KENYA – African-focused renewable energy independent power producer, Globeleq, and its project partner, Africa Energy Development Corporation (AEDC), has indicated that its 52MWp Malindi solar photovoltaic (PV) plant is now supplying power to Kenya’s national grid. The facility started exporting clean renewable energy to the grid on the 14th of December 2021. The power plant is delivering enough electricity to…
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MALAWI – Investment Fund for Developing Countries (IFU), a development financial institution owned by the Government of Denmark through one of its portfolio companies, JCM Power Corporation (JCM Power), has started the construction of a 20-megawatt PV solar power park in Golomoti village, around 100 kilometers from the capital Lilongwe in Malawi. This is the company’s second solar power park…
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BOTSWANA – The Botswana Power Corporation, Botswana’s national power utility, has issued a request for proposals for the development and construction of six solar PV power plants across the Southern Africa country. The utility has not provided details on the combined and individual capacity of the solar plants nor has it disclosed details on their locations. Interested developers have until…
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MALAWI – The African Trade Insurance Agency (ATI), has provided a liquidity guarantee to Malawi’s Golomoti solar PV plant via its Regional Liquidity Support Facility (RLSF). The 20 MW solar farm is being developed by JCM Power Corporation, a Canadian clean energy IPP and InfraCo Africa Limited, part of the Private Infrastructure Development Group (PIDG). ATI says the provision of the guarantee to cover…
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