Tag Archives: MENA

Globeleq Reaches Financial Close on Kenya’s First Utility Scale IPP Solar Project

NAIROBI, Kenya, June 3, 2019 /PRNewswire/ — Globeleq, a power sector leader in Africa, has reached financial close of the 40 MWAC (52 MW p) Malindi Solar photovoltaic (PV) project in Malindi, Kenya and is commencing construction of the plant.

The US$69 million project is located in Langobaya, Malindi District, Kilifi County, about 120 kms north-east of Mombasa and is one of the first IPP owned utility scale solar power plants in Kenya to begin construction.  Electricity will be sold through a 20-year agreement with the national distribution company, Kenya Power.

Globeleq has been working with the project originator, Africa Energy Development Corporation (AEDC), who will retain 10% ownership of the project, and its partner, IDEA Power, to bring the project to construction by providing equity, project development and construction management experience.  CDC, the UK’s development finance institution, as the mandated lead arranger, has sourced US$52 million in debt financing including $20 million from DEG, the German development finance institution.

Paul Hanrahan, Globeleq’s CEO said: “The attractive investment climate combined with strong local community support sets the stage for this important project as well as future investments in Kenya. We are extremely pleased to be making this investment into the Kenyan energy sector.”

Globeleq - Powering Africa's Growth

Zohrab Mawani, AEDC’s Director added: “AEDC is excited to have reached this significant milestone with the Malindi project.  Working with our partners, we are very pleased to contribute to sustainable economic development in Kenya and look forward to continued growth in Sub Saharan Africa.”

The Engineering, Procurement and Construction company, Sterling and Wilson Solar is commencing with civil and electrical construction works. Land rights, environmental and local permits have been obtained, and the project team has been conducting regular community consultations.  Construction will take around twelve months with the plant reaching commercial operations in mid-2020.

It is expected the project will need around 250 workers during construction, many of which will be hired from the local community.  Globeleq will oversee the construction and operations of the power plant.

About Globeleq
Globeleq is a leading developer, owner and operator of electricity generation in Africa. Since 2002, its experienced team of professionals have built a diverse portfolio of independent power plants, The company owns and operates nearly 1,400 MW in 12 locations across 5 countries, with a further 2,000 MW of power projects in development

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Globeleq Reaches Financial Close on South African Renewable Plants

LONDON, May 29, 2019 /PRNewswire/ — Globeleq has completed the acquisition in South Africa of four renewable generation plants and the asset management company from an affiliate of Brookfield Asset Management.

The addition of these entities strongly complements Globeleq’s existing renewable power business in South Africa where the company already owns, operates and manages 238MW of solar and wind projects. The solar assets acquired include Aries (11MW); Konkoonsies (11 MW) and Soutpan (31 MW) and the Klipheuwel wind farm (27 MW).  Acquisition of interests in the Boshof (66 MW) solar plant is expected to close in the coming weeks.  The projects originally reached commercial operations in 2014 and have a 20-year power purchase agreement with Eskom.

Paul Hanrahan, Globeleq’s CEO commented: “The addition of these renewable plants further establishes Globeleq’s position as a power sector leader in Africa by expanding our renewable energy footprint across the continent.  This acquisition will deliver significant value for all stakeholders, including the local community.”

The transaction will unlock additional equity investments into these assets and will foster skills development and knowledge transfer within the local industry. The transaction has strong synergy with Globeleq’s existing assets and offers an opportunity for further operational improvements as well as delivering improvements to the existing social and economic development programmes.

Globeleq - Powering Africa's Growth

Standard Bank acted as the sole mandated underwriter and arranger of the acquisition debt facility.  Rentia van Tonder, Head: Power, CIB Standard Bank (South Africa) added: “The transaction is another step in growing a leading, sustainable African energy provider supported by a leading African bank.  Through our partnership with Globeleq, we are enabling growth on the continent, providing accessible and sustainable energy sources to the people of South Africa.”

About Globeleq
Globeleq is a leading developer, owner and operator of electricity generation in Africa. Since 2002, its experienced team of professionals have built a diverse portfolio of independent power plants, generating nearly 1,400 MW in 12 locations across 5 countries, with a further 2,000 MW of power projects in development . www.globeleq.c`om

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Huawei Wins Intersolar AWARD at Intersolar 2019

Huawei Wins Intersolar AWARD at Intersolar 2019

MUNICH, May 16, 2019 /PRNewswire/ — Huawei won the Intersolar Award at Intersolar 2019 for SUN2000 15-20KTL series smart inverter. The award was won by the inverter’s branding new attractions, ultimate safety and better experience. Huawei Residential & Commercial Smart PV Solution introduces the digital turbo technology for the first time, embedded with Huawei’s innovative chip and AI technology to reconstruct the installation experience.

The new SUN2000 3-20KTL series smart inverter has been honored for its top solution and values for customers. “By winning the Intersolar Award, Huawei’s focus on innovation has been recognized again.” Matthias Wagner from Huawei said.

Huawei Wins Intersolar AWARD at Intersolar 2019

Intersolar Award 2019

<5 seconds Auto Module Physical View Creation by AI Image Recognition: Image Identification of module layout template via commissioning App to quickly create module physical layout for monitoring.

<1.5 minutes Optimizer Paring through Powerful Chipset Performance: Huawei firstly introduced smart inverters with built in Hisilicon chipset, allowing inverter communicated with optimizer much faster and more reliable than ever before.

Ultimate safety: AI Powered AFCI to proactively mitigate fire risk. Huawei AFCI (Arc Fault Circuit Interrupter) can detect and confirm DC arcing precisely and inverter shutdown is only within 2 seconds to guarantee the safety of PV owners.

Huawei Wins Intersolar AWARD at Intersolar 2019

Based on the report released by global consultancy IHS Markit, Huawei was ranked No.1 globally in inverter shipment for four consecutive years, from 2015 to 2018. Intersolar Europe runs from May 15 to 17 in Munich, Germany. Huawei is showcasing its FusionSolar Smart PV Solution at booth B3.310. For more information, please visit: https://solar.huawei.com

Huawei Wins Intersolar AWARD at Intersolar 2019

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Chinese liquor maker Kweichow Moutai Group plans to donate five dollars to charity for each bottle of the newly launched series of liquors sold in Kenya

Moutai’s donation program in Kenya praised by the country’s Chinese Ambassador

NAIROBI, Kenya, May 15, 2019 /PRNewswire/ — On May 13, 2019 at 10:30 am local time, Chinese Ambassador to Kenya Wu Peng met with some members of the Cultural Moutai · Colorful Guizhou delegation led by Kweichow Moutai Group deputy party secretary Wang Yan in Nairobi, during which Mr. Wu was informed that Moutai plans to collaborate with a third-party partner to roll out a series of Moutai liquors in Kenya as part of the company’s program for public welfare. According to the program, five dollars will be donated to the local government for rescuing local wildlife for each bottle of the newly launched product line up sold in the country.

Chinese Ambassador to Kenya Wu Peng meets with some members of the Cultural Moutai·Colorful Guizhou delegation in Nairobi

“The philanthropic idea is very compelling and helps to enhance both the national image of China and the corporate image of Chinese firms,” said the ambassador, Mr. Wu.

During his meeting with the delegation, Mr. Wu underlined the fact that Chinese firms have been actively participating in the economic development of Kenya, a country in which Moutai is active in terms of corporate social responsibility, something that is long-term and meaningful.

“As a major Chinese liquor brand, Moutai has played an important role in deepening the friendship between China and foreign countries,” added Mr. Wu. “In Africa, many politicians love Moutai however, we have noted that there are major differences in liquor consumption from one country to another.”

Mr. Wu suggested that Moutai develop a strategy based on the concrete conditions in the African country it plans to expand into.

“Before you arrived in Kenya, I had seen the news that Moutai had held a successful brand marketing campaign in Tanzania.”

Mr. Wu also gave a presentation on the economic and social development of Kenya and proposed several suggestions on how to succeed in the market. In particular, based on the status of the country’s economic development and liquor consumption characteristics, Moutai could consider establishing a business there that goes beyond product sales by developing a more precise strategy for the market or deeply participating in the country’s economic development and investment, Mr. Wu explained.

The deputy party secretary, Mr. Wang, expressed his thanks to Mr. Wu for offering valuable advice to Moutai before giving a presentation on the company’s growth and strategy as well as the background behind their trip to Africa and their reflections on the trip.

“This marks the second time that Moutai has held a large-scale brand marketing campaign in Africa in response to the Chinese government’s Belt and Road (B&R) initiative.”

Mr. Wang noted that by leveraging its strong momentum, Moutai launched the campaign in Africa for the second time in line with the company’s strategic expansion plan, in a move to prepare for its further expansion in the African market and to enhance its global brand influence, laying a sound foundation for the firm’s long-term and sustainable development.

Mr. Wang underscored that with a rich portfolio, Moutai develops different supply and marketing plans for various markets worldwide.

Moutai Group has reached a consensus with local government bodies and corporate partners on the implementation of the company’s plan to donate five dollars to the local government for medical rescue and treatment of wildlife for each bottle of the newly launched series of Moutai liquors sold in the country. The donations will come from retail sales of Moutai’ s local sales partners.

On the afternoon of the same day, an agreement was signed in Nairobi between Moutai and its parties in Kenya. Moutai Group party committee member and deputy general manager Yang Jianjun signed on behalf of Moutai.

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Moutai and Guizhou Big Show with Double Themes Stuns East Africa

DAR ES SALAAM, Tanzania, May 11, 2019 /PRNewswire/ — “Moutai is the best product in China and we all will be the marketing ambassadors of Moutai,” said the former Prime Minister Mizengo Pinda of Tanzania on the evening of May 9 of local time, when he attended the large-scale brand culture promotion activity of “Cultural Moutai•Colorful Guizhou” the “Belt and Road Marching into Tanzania” in the Murimani Convention Centre in Dar es Salaam.

Wang Yan, deputy party secretary and head of delegation to Africa of Moutai Group, addressed in the promotion activity

At 18:00 on May 9, the activity was officially started in the most important seaport in East Africa; Cultural Moutai and Colorful Guizhou were hand in hand to present the big show with double themes.

Africa is the only mainland where Moutai held twice high-level brand promotion activities in succession in less than two years.

Moutai officially started to expand and develop in Africa in November 2017. At that time, Li Baofang, the secretary of the party committee of Moutai Group, led the team to successfully hold the large-scale brand promotion activity of “Meet Fragrant Cultural Moutai in Africa” in Capetown.

Establisment ceremony of the African Moutai fan alliance

The senior management of Moutai, such as Li Baofang, all showed in different situations that “we need to follow the big picture for the areas along ‘the Belt and Road’ such as Africa, and we must harvest few years later as long as we insist on.”

This travel in East Africa is a crucial brand promotion activity, aiming at the global market held by Moutai this year, after the South Africa promotion activity in April——Colorful Guizhou and Cultural Moutai light the passion under the line with brand-new creativity.

By report, since Moutai Group spent efforts for creation and development, Moutai and the series already covered 11 countries in the African market from zero. 2019 coincides with the 55th anniversary of the establishment of diplomatic ties between China and Tanzania. The appearance of Moutai struck a chord.

Wang Yan, deputy party secretary of Moutai Group showed the commemorative wine of Moutai “marching forward of Tanzania for guests

“Tanzania is the warmest and softest land in Africa. We learned that there is a Tazara Railway when we were still children, and we also saw the snow in Kilimanjaro and the lion running on the East Africa prairie from TV,” Wang Yan, the deputy party secretary of Moutai Group, enthusiastically said. “From distant friends to face-to-face cooperation and common growth, nowadays African mainland is beyond the one-way narrative of Hemingway’s time for Moutai people. Beautiful mountains and rivers of Kilimanjaro and the Yunnan-Guizhou Plateau have never been closer than that in today.”

For Moutai’s second visit to Africa, Wang Yan clearly showed wishes to deepen Moutai people’s efforts here and actively respond to the building of “the Belt and Road,” thus bringing more high-quality Chinese products to Africa.

Wang Yan also introduced that with booming tourism, there are also wine and tea and rich natural heritages in Guizhou, the hometown of Moutai, and also the first big data comprehensive experiment zone in China.

Gao Wei, the cultural counsellor of Chinese embassy in Tanzania, highly praised that Moutai chose Tanzania as the core site of second quality promotion in Africa on the 55th anniversary of the establishment of diplomatic ties between China and Tanzania.

Yang Jianjun, deputy general manager of Moutai, and John Masai Mara, former Vice President and former Prime Minister of Tanzania, jointly revealed the mystery of the commemorative wine of Guizhou Moutai “marching forward Dar es Salaam of Tanzania

In the party, Yang Jianjun, member of the party committee and deputy general manager of Moutai Group, led all participants in a toast and celebrated meeting fragrant Moutai in Africa again. The elaborate Moutai wine tasting video was played synchronously on the big screen to let the guests know more about Chinese wine culture, and singers from Moutai Art Group performed folk songs and dances, integrating natural instincts of singing and dancing between African and Guizhou natives.

Followed by that, a group of African models wearing cheongsams of different colors, holding classical Moutai, including Aged Moutai, Kweichow Moutai, Five-star Moutai, as well as Chinese Zodiac Moutai, stepped toward the main platform, and the rich product design philosophy of Moutai was amazed.

Nathan Tibaigana, a Moutai fen from Tanzania, tasted Moutai on the scene for the first time, and “lovely,” he said in excitement. Comparing the cocktail modulated from Moutai, Nathan Tibaigana preferred drinking Moutai directly, because it is more aromatic and tastes mellower.

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