23 Sep 2015

With President Muhammadu Buhari continuing his overhaul of government infrastructure without filling key posts and concerns about a looming naira devaluation, news that partial risk guarantees have been signed for the Azura-Edo independent power plant is a welcome show of confidence in Nigeria, writes Dan Marks The World Bank signed partial risk guarantee (PRG) agreements […]

21 Sep 2015

FIRST, THE BAD NEWS: AFRICA IS STILL QUEUING TO ORDER UP THE FOSSIL FUEL POWER PLANTS, WITH NEARLY EIGHT IN EVERY 10 MEGA PROJECTS CURRENTLY IN THE PIPELINE RUN EITHER ON OIL, GAS OR COAL. The somewhat better news: of Africa’s largest 64 power projects, both commissioned and in planning, renewables form more than half, […]

21 Sep 2015

With the imposition of the Climate Change Levy (CCL), the UK government threw a spanner in the works for Drax Power as it continues its shift from coal to biomass. Beyond fighting for a more lenient schedule for the CCL exemption’s expiry, what’s next for the massive power plant, which provides around 8% of the […]