04 BUSINESS DAY WEST AFRICA ENERGY intelligence
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Nigeria: GE, Niger Delta Power Holding Company (NDPHC) sign letter of intent on end-to-end power delivery
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s part of its efforts to help boost power supply in Nigeria, GE, the world’s premier digital industrial company, has announced its intention to collaborate with the Niger Delta Power Holding Company (NDPHC) on the development of an End-To-End to Power Intervention (EEIP). This announcement followed a signing of a Letter of Intention (LOI) by both parties during the France-Nigeria Business Forum held in Lagos, one of several events hosted during the visit of President of France, Emmanuel Macron, to Nigeria. This event was witnessed by the French Secretary of State to the Minister of Economy and Finance, Delphine Geny-Stephann. GE’s EEIP is aimed at
delivering incremental power from the NIPP’s underutilized or stranded capacity to several industrial and commercial hubs through multiple solutions across the entire electricity value chain. Under the agreement, GE will provide End-to-End power solutions across the value chain to deliver 2.5GW of Power. The company will also provide financing support for the power projects including funding for the refurbishment of distribution and transmission infrastructure amongst other critical support services to analyze and improve the power value chain. The Letter of Intent also states the willingness of BPIFrance (the French export credit agency) to provide financing support given that the technology to be deployed in this project will be manufactured in
GE Power’s facilities in France. The collaboration will see NDPHC partner with GE to work with DISCOs, TCN and other relevant stakeholders, to identify and prioritize critical projects to reduce technical and commercial losses. The focus will be on the expansion, repair and upgrade of all critical transmission and distribution infrastructure. According to Lazarus Angbazo, CEO/President of GE Nigeria, “GE is proud to partner with an organization of high repute like NDPHC. There is an alignment in our objectives to drive positive change in Nigeria’s power industry so this partnership is a good fit and we look forward to positive outcomes in the near future.” In the same vein,
Chiedu Ugbo, MD/CEO of NDPHC expressed the company’s delight to work with GE in delivering endto-end solutions under the EEIP’s mandate. He said that the collaboration will bring about a muchneeded boost to the Nigerian power sector. GE and the Federal Government of Nigeria signed a Country to Company agreement in 2014 to achieve the country’s additional electric power generation capacity target of 10,000 MW. With the acquisition of Alstom by GE, approximately 70 percent of Nigeria’s gaspowered electricity generation currently runs on GE technology. GE delivers across the entire energy ecosystem for Nigeria’s national development, from generation to transmission and distribution as well as Multi-year service agreements.
Wednesday 11 uly 2018
power
Africa: Clean energy projects underway in Mozambique, Uganda
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wo clean energy projects backed by the Emerging Africa Infrastructure Fund took significant steps forward in the last week of June. The 5.4MW Lubilia Kawembe Hydro (LKH) electricity generating station in Uganda was formally commissioned on 28 June. A day later, on June 29, a ground-breaking ceremony saw work officially begin on the 40MW Central Solar de Mocuba (CESOM) project in Mo-
zambique. EAIF is member of the Private Infrastructure Development Group (PIDG). PIDG encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty. The financing of the $76 million CESCOM project was led by the International Finance Corporation (IFC). EAIF signed a participation agreement with the IFC to provide a $16.9 million B Loan, with a 16-year term. In addition, EAIF directly provided a $7 million Viability Gap Funding Grant for the project, raised from the Technical Assistance Facility (TAF) of the PIDG. CESCOM is being developed by the Oslo-based company, Scatec.
Ethiopia: AFD supports Tendaho geothermal project
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he French Development Agency (AFD) has approved a €8 million grant that will be directed towards the development of the Tendaho geothermal project. It is funded by the European Union, through the European Union Africa Infrastructure Trust Fund (EUAITF). The investment grant constitutes an additional funding to this project, which already benefited from a €9 million concessional loan from AFD and a total of €7.5 million from previous EU-AITF grants. The financing will enable the completion of the drilling activities planned as part of the geothermal exploration and development effort in the Afar region.
A signing ceremony of the grant agreement took place at the Ministry of Finance and Economic Cooperation between Admasu Nebebe, Ethiopian State Minister of Finance and Economic Cooperation, Frederic Bontems, Ambassador of France to Ethiopia and Ignace MonkamDaverat, the AFD regional manager in Addis Ababa. The geothermal project is being implemented by Ethiopian Electric Power, in coordination with Geological Survey of Ethiopia.