R/€ = 13.69
R/$ = 12.32
Au 1168.78 $/oz
Pt 1083.00 $/oz
Aug 16, 2006
Southern African nations study of $7bn power planBack
Africa|Botswana|Eskom|Export|Namibia|PROJECT|Africa|Angola|Democratic Republic Of Congo|Energy|Power Generation|Power-generation|Power
Five Southern African countries will conduct feasibility studies into the development of a $7-billion power project in the region, where demand for electricity is expected to increase by a quarter by 2010.
The Western Power Corridor project, known as Westcor, plans to build three power stations in the Democratic Republic of Congo, Angola and Namibia that will transmit as much as 11 700 MW of electricity to the region, Thomas Lokala, Westcor's chief operating officer, said in an interview in the Botswana capital, Gaborone, yesterday.
“Currently there is no excess electricity supply in the countries, which also makes electricity expensive,'' Lokala said. “If there is more power generation this will help reduce and stabilize electricity prices.”
Westcor is a joint venture established in 2005 between the state-owned power companies of Angola, Botswana, the Democratic Republic of Congo, Namibia and South Africa to develop a regional energy grid. Demand for electricity in the five countries is expected to rise to 42 722 MW by 2010 from 34 263 MW in 2004, Lokala said. He didn't provide estimates of current or future production.
The project involves the development of a hydro-electric power station on the Congo River, known as Inga 3, which will generate 3 500 MW of electricity, he said.
Two other hydro-electric power stations will be built in the Kwanza Basin in northern Angola, producing 6 700 MW of electricity, and a 1 500-MW power station on the Kunene River in Namibia, Lokala added.
The Congo, the world's second-largest river by volume after the Amazon, may ultimately generate as much as 40 000 MW of electricity for export to other African countries and Europe, according to the Congolese government.
Westcor has approached the African Development Bank and the Development Bank of Southern Africa to fund the $10 million feasibility studies, which are expected to be completed by 2009, Lokala said.
The power companies that make up Westcor are Empresa Nacional de Electricidade, Botswana Power Company, Congo's Societe Nationale d'Electricite, NamPower of Namibia and South Africa's Eskom.
Edited by: BloombergComment Guidelines (150 word limit)
Other Electrical Power Generation and Transmission News
The regulations to govern solar power connection in Dubai homes and businesses in the United Arab Emirates (UAE), are in the final stages of development.
Electrical engineering company Siemens and the Egyptian government reached two firm agreements on March 14, firstly to build a 4.4 GW combined-cycle power plant and, secondly, to install wind power capacity of 2 GW – both in Egypt.
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Real Economy Insight: Construction 2015 (PDF Report)
Real Economy Insight: Electricity 2015 (PDF Report)
Real Economy Insight: Road and Rail 2015 (PDF Report)
This Week's Magazine
Finance Minister Nhlanhla Nene earlier this month stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the country’s challenges.
The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use.
The 25-year master plan for Gauteng’s Aerotropolis project will go through a process of approval and adoption during June and July, says Aerotroplis project manager Jack van der Merwe. “We are also in the process of putting together a special purpose vehicle (SPV) to...
The Coega Development Corporation (CDC) plans to fit 15 of its buildings, totalling 127 000 m2 of roof space, in the Coega Industrial Development Zone (IDZ), in the Eastern Cape, with solar panels.
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...