Jun 19, 2018 Last Updated 7:55 AM, Jun 12, 2018

Mainstream Renewable Power partners with Actis LLP for African renewable projects

ABN – Mainstream Renewable Power has partnered with Actis LLP to develop US$1.9 billion of solar and wind energy projects across Africa.

The joint venture is called Lekela Power and aims to provide more than 700 megawatts of wind and solar power to the continent by 2018.

It is 40% owned by Mainstream and 60% by Actis and Lekela will initially focus on South Africa, Ghana and Egypt.

Lucy Heintz, partner and head of renewable energy at Actis, said: “With soaring demand and funding constraints, Africa’s need for renewable energy is pressing.

“In South Africa for example, currently 95% of the country’s electricity is generated by coal-fired power stations.

“While the region has significant natural and fossil fuel resources a lack of long-term investment has led to a reliance on emergency and short-term diesel generation.”


Mainstream constructs 360MW South African wind farms

ABN – Mainstream Renewable Power will start construction on its 360 megawatts wind farm projects in South Africa.

Around US$760 million has been invested into the three Northern Cape-based wind farms.

Construction of the two 140 megawatt wind farms and 80 megawatt wind farm is scheduled to start this month.

Barry Lynch, Mainstream managing director of Onshore Procurement, Construction and Operations, said: “Mainstream has been awarded more megawatts than any other developer under the South African Government’s Renewable Energy Procurement Programme.

“Between rounds 1 and 3 we have been awarded six projects with a combined capacity of nearly 600 megawatts.

“We are delighted to have recently delivered three wind and solar farms from round 1 into commercial operation on budget and once again we are working with many of the same debt and equity partners, construction contractors and turbine supplier.”


TBEA to develop Nigerian transmission lines and substations

ABN – The Nigerian Government has signed a Memorandum of Understanding with TBEA Co for the development of transmission lines and substations in the country.

The agreement was signed in Abuja under the belief that power transmission infrastructure is critical to the continued growth of the sector in Nigeria.

Nigeria struggles to generate less than 6,000 megawatts of power per annum whereas the smaller and less populated-South Africa generates and maintains 50,000 megawatts of power.

Represented by the minister of State for Power, Mohammed Wakil, the government also asked the company to fulfil its earlier promise of setting up a transformer manufacturing company in Africa.

Wakil also asked that the company adequately trained the Nigerian workforce.


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