Africa Oil sets new production target for $3.4bn Project Oil Kenya
A strategic partner is still needed to take the Final Investment Decision
New development concept to rely on 130,000 bopd facility and unit cost of $22/bbl.Read More
Earlier this month, the shareholders of Kipeto Energy Plc arranged a $10m pioneering loan agreement with The Nature Conservancy (TNC) to finance human-wildlife initiatives around Kenya’s second biggest wind farm.
Located in southern Tanzania, the Ntorya gas project is located within the Ruvuma PSA, which used to be operated by Aminex' subsidiary Ndovu Resources before ARA Petroleum took over operatorship of the asset with a 50% interest last year.
On September 1st, the Ugandan Cabinet approved the East Africa Crude Oil Pipeline (EACOP) Bill that gives significant support to the pipeline's construction and operation by granting it four different fiscal packages.
The 100 MW Kipeto wind farm has officially achieved commercial operations date as of Monday, July 5th. Majority-owned by Actis (88%) via BTE Renewables, Kipeto Energy is Kenya’s second largest wind energy facility after the Lake Turkana facility.
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Kenya’s capital, Nairobi, has successfully established itself as a regional hub for trade, commerce, innovation and technology. Now, it wants to compete with Mauritius or even Dubai to be a global gateway for capital flowing into Africa’s rapidly growing economies.
Up in the Air
The 59 MW facility has been under construction since October 2020 and will be Djibouti's first utility-scale wind project and the country's first independent power producer (IPP).
Drilling for Gas
PanAfrican Energy Tanzania, the company that operates the wells and gas processing plant at Songo Songo in Tanzania, has signed an agreement with Exalo Drilling for the workover of three onshore wells. Activities are set to start in September 2021 on Songo Songo Island.
Nigerian energy and power conglomerate Sahara Group has been present in the country since 2015, starting with 10 loading arms and four storage tanks with a combined storage capacity of 36m litres.
Foreign investors from China, the Middle East and the United States are injecting billions into the country’s ports, oil & gas terminals, free trade zones and a 750km rail line that serves Ethiopia’s population of over 110m.