Jul 26, 2017 Last Updated 9:38 AM, Jul 26, 2017

Enel Green Power installs 231MW solar projects

ABN – Construction has started on Enel Green Power’s (BIT, BMAD: EGPW) 231 megawatt solar power plants in South Africa.

The three photovoltaic power plants are part of South Africa’s third phase Renewable Energy Independent Power Producer Procurement Programme.

Around 82 megawatts will be installed at the Paleisheuwel plant in Western Cape Province and a further 82 megawatts at the Aurora project in Northern Cape Province.

The final 66 megawatts will be constructed at the Tome Burke plant in Limpopo Province.

A further 82.5 megawatts in South Africa has recently been awarded to the company.


Orange Kenya to supply solar power

ABN – Orange Kenya (NYSE: ORAN) has signed an agreement with Greenlight Planet to supply solar lighting to Kenyan homes.

The deal will target areas in the country with inadequate electricity supply.

A product bundle will be launched by the telecommunications company that includes a mobile phone and Sun King solar lamp.

The reduced price bundle will allow Kenyans to charge their mobile phones without a power source.

Stand-alone solar devices will also be available at a reduced price.

Greenlight Planet CEO Anish Thakkar said: “Access to adequate, clean lighting is now as fundamental as access to water and other essential amenities, as it enables parents to provide for their children by extending their working hours after dark, and children can do their homework without straining their eyes or harming their lungs with fumes from lanterns that utilise petroleum or solid fuels.”

Orange Kenya CEO Vincent Lobry added: “As mobile phones are fast becoming a necessity for most Kenyan households, access to reliable means of energy is imperative for communication, mobile banking and maintaining business interests.”


BP to invest $12bn in Egyptian gas

ABN – BP (LSE, NYSE: BP; FWB: BPE) has announced that it is looking to invest US$12 billion in Egyptian gas fields in a collaboration with Russia’s DEA.

Around five trillion cubic feet of gas resources will be developed under the new collaboration.

Production of 55 million barrels of condensates is scheduled to begin in 2017.

The new gas fields will supply the country’s national grid and will double BP’s supply to the Egyptian market.

BP CEO Bob Dudley said: ““The West Nile Delta (WND) project investment is the largest foreign direct investment in Egypt.

“WND production is key to Egypt’s energy security.”


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