G HANA INVESTS IN RENEWABLES
By Antonio Guerrero
UK-based Blue Energy will invest $400 million to build Africa’s largest solar photovoltaic power plant in Ghana.
The European Investment Bank will provide the Agency for Navigational Safety in Africa and Madagascar, the African air traffic control agency, with $52 million in financing. Funds will be used to upgrade some of sub-Saharan Africa’s antiquated air traffic control systems, including navigation and control equipment and meteorological stations.
Following five years of exploration activity by Canada’s Vanoil Energy, there are signs of oil deposits in Rwanda’s East Kivu Graben region. In 2008, Vanoil (then known as Vangold Resources) completed a first series of studies using satellite imagery, followed by an agreement with the Rwandan government to begin conducting airborne magnetic and gravity surveys. In a second phase, slated to begin this year, the company expects to determine the quantity and nature of Rwandan oil reserves.