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A significant number of investments are required to strengthen Eskom's transmission grid to accommodate the new generation capacity in accordance with the IRP2019.
The International Islamic Trade Finance Corporation (ITFC) has approved a $116 million Murabaha financing to SENELEC (Senegal National Power Company). The funds are to ensure the production, transmission, and distribution of electricity in Senegal.
"Why do we continue to have a single grid that binds all of us together?" asks the Chairman of Momas Electricity Meter Manufacturing Company in Nigeria, Kola Balogun.
The federal government in Nigeria is planning to explore different opportunities to collaborate with the government of Egypt to boost power supply in the country.
Development banks have identified electricity trade between Ethiopia and Djibouti and the agricultural market as key economic drivers with the AfDB signing $118 million in grant agreements.
The general manager of Transmission Company Côte d’Ivoire, Liberia, Sierra Leone and Guinée (TRANSCO CLSG) announced various developments made in energising lines and accelerating electricity access for member countries.
The African Development Bank together with the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the Bank.
In late February, the Nigerian Federal Government and Siemens AG signed a contract for the pre-engineering phase of the Presidential Power Initiative (PPI).
Siemens’ pre-engineering contract to expand Nigeria’s grid capacity to 25,000MW has been approved.
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