SolarAfrica has secured financial close on R1.5 billion to build SunCentral 2, the next 114 MW plant of its flagship utility-scale solar development in the Northern Cape. The new funding, provided by RMB and Investec Bank Limited, is another significant step in boosting access to affordable and clean energy for South African businesses, with first...
Author: Energy Crossroad (Energy Crossroad)
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Energy Minister Assures PSWU of Broad Consultations on Proposed EC–PURC Merger
The Minister of Energy and Green Transition has held discussions with representatives of the Public Services Workers Union (PSWU) following concerns raised by workers over the proposed merger of the Energy Commission and the Public Utilities Regulatory Commission (PURC). At the engagement, the Minister assured the union that government would not proceed with any merger...
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Energy transition risks sidelining us – Dr. Oppong warns
By Thomas-Moore ADINGO Ghana must pursue a balanced energy strategy that protects hydrocarbons, expands renewables and prioritises domestic value creation to secure energy sovereignty amid the accelerating global energy transition, Chief Executive Officer of Chamber of Oil Marketing Companies (COMAC) Dr. Riverson Oppong has said. Speaking at a public lecture in Accra on the topic...
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N3.6tn power subsidy plan should go beyond 2028 – GenCos
Power generation companies under the aegis of the Association of Power Generation Companies have urged the Federal Government to extend its proposed N3.6tn power subsidy payment plan beyond 2028, warning that the electricity sector’s liquidity crisis cannot be resolved within three years. The Chief Executive Officer of APGC, Joy Ogaji, made the call while reacting...
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10 African countries with the largest oil reserves in 2026
Even as global conversations increasingly focus on clean energy, oil continues to play a central role in Africa’s economic narrative, generating government revenue, employment, and strategic geopolitical influence. Libya currently holds Africa’s largest proven oil reserves at about 48.4 billion barrels, ranking ninth in the world, according to the Global Firepower report.Below are the African...
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Egyptian Investor Group Targets Fibre Gas Cylinder Factory in Ghana
An investment consortium from Egypt, Chemexa Petrochemical Trading and Kaolin have initiated talks to establish a fibre (composite) gas cylinder manufacturing plant in Ghana, as part of a broader plan to invest in the Petroleum Hub Development Project. The proposed factory, which would produce next-generation LPG cylinders with a lifespan of up to 20 years,...
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TDC Signals Strong Interest in Developing Residential Settlements At Petroleum Hub
TDC Ghana Ltd. has expressed strong interest in becoming a key partner in the development of the Petroleum Hub project in Jomoro, with a particular focus on contributing to the construction of residential settlements within the hub enclave.As part of the hub’s broader development and operationalisation, the Petroleum Hub Development Corporation (PHDC) is mandated to...
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Dr. Riverson Oppong Urges Africa to Scale Up Renewables to Achieve Energy Sovereignty
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC) and Africa Regional Director of the Society of Petroleum Engineers (SPE), Dr. Riverson Oppong, has called on African countries to scale up investments in renewable energy projects to achieve energy sovereignty across the continent. Dr. Oppong made the call while delivering a public...
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ECG Reaffirms Commitment to Cash Waterfall Mechanism to Stabilise Power Supply
The Electricity Company of Ghana (ECG) has reiterated its commitment to strict adherence to the Cash Waterfall Mechanism as part of efforts to ensure a stable and uninterrupted electricity supply nationwide. Mr Kwame KpekpenaMr Kwame Kpekpena, Acting Managing Director of ECG, described the Cash Waterfall Mechanism as a transparent and equitable revenue distribution system designed...
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GHEITI Urges Government to Ring-Fence Oil Revenues
GHEITI urges government to ring-fence oil revenues for Big Push infrastructure, warning that diversion and co-mingling of funds will undermine transparency, accountability, and the visible impact of petroleum-funded projects. The Multi-Stakeholder Group of the Ghana Extractive Industries Transparency Initiative (GHEITI) has urged the government to strictly ring-fence oil revenues earmarked for the proposed “Big Push”...