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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY
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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

Regulator approves generation licences for four solar PV projects

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The National Energy Regulator of South Africa (Nersa) has approved generation licences for four solar PV projects, with a combined contracted capacity of 890 MW and an installed capacity of nearly 1.05 GW, in Mpumalanga and the Free State. The projects form part of Bid Window 7.3 of the Renewable Energy Independent Power Producer Procurement Programme and are being developed by Red Rocket SA and Engie.

Oil surges, stocks tumble as Trump declares Iran MoU 'over'

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Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after US President Donald Trump said the memorandum of understanding signed with Iran to end the Gulf conflict was "over". Trump, who was speaking in Ankara ahead of a NATO summit in the Turkish capital, added that he did not want to engage with Tehran.  "As far as I'm concerned, it's just a waste of time dealing with them," he said.

Nersa grants Limpopo municipality electricity trading, distribution facility operation licences

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The National Energy Regulator of South Africa (Nersa) has granted the Lepelle-Nkumpi local municipality, in Limpopo, a licence to operate an electricity distribution facility and a licence to conduct electricity trading. The licences relate to the areas of Jackinland, Lebowakgomo Unit R and Motantanyane, which have been earmarked for electrification and are classified as greenfield sites in line with Nersa’s Rules for Distribution Licensable Areas of Supply.

Dangote to fund proposed Kenya refinery with cash, bonds and an IPO

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Nigeria's Dangote Group plans to finance a proposed 700 000 bbl/d oil refinery in Kenya through internal cash flow, bonds and an initial public offering, a senior company executive told Reuters. The refinery, East Africa's largest refining project, is expected to take up to three years to build and would supply refined petroleum products to Kenya and neighbouring countries, helping to reduce East Africa's dependence on imported fuels.

UCT scientists have found a stressed geological fault underneath the Karoo Basin

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Earth scientists at the University of Cape Town’s (UCT’s) Department of Geological Sciences have identified a hitherto unknown geological fault underneath the Karoo basin. This fault extends across the Karoo basin, running from west-northwest to east-southeast, at a depth varying from 2 km to 12 km. Moreover, this fault seems to be critically stressed, meaning that it can generate earthquakes. This discovery, published in the “Seismological Research Letters”, was made as a result of a study into a swarm of mainly small earthquakes (although one reached a magnitude of 4.8) located near Leeu Gamka, in the Western Cape province, and which started unexpectedly in 2007. So far, at least 66 of these earthquakes have been detected. These earthquakes were all entirely natural.
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