The Civil Engineering Contractor May 2019 | Page 12

INFRA AFRICA
Southern Africa
ZAMBIA
Pinnacle Mall project
in Zambia
Stanbic Bank Zambia has signed a
multimillion-dollar loan facility with
Vertigo Properties for the completion
of a shopping complex dubbed the
Pinnacle Mall in Lusaka. Stanbic says
the transaction builds on its previous
facilities that financed structures such
as Manda Hill, Arcades, East Park
and Cosmopolitan malls in Lusaka,
Ndola’s Jacaranda and Kafubu malls,
and Kitwe’s Mukuba Mall.
The 10 000m 2 Pinnacle Mall will
accommodate 40 commercial retail
outlets to include a supermarket,
food court, entertainment zone,
fashion shops, and banking services,
along with a 400-bay car park.
Expected to be opened by the end of
March this year, the mall will make
it the second completed project by
Novare African Real Estate (Vertigo’s
parent company) after Novare Mall.
Stanbic Bank Zambia has to date
invested more than USD160-million
in real estate development in Zambia.
North Africa
CHAD
Chad solar scheme to increase
generating capacity by 150%
The North African state of Chad, which presently supplies just 4% of its
population with mains electricity, has signed an agreement with Dubai
energy company Amea Power to build a 120MW solar farm, more than
doubling the country’s present installed capacity of 48MW. It is expected
to be installed near the Chadian capital of N'Djamena.
The agreement follows a number of others with foreign companies,
intended to boost electricity generation and to relieve Chad’s 14-million
people of the need to run expensive and polluting diesel and fuel-oil
generators. Even in the country’s cities, only 14% of people have power.
• The largest deal was signed in July last year between Chad and
Almaden Emirates Fortune Power, which is a joint venture between
Chinese solar panel maker Almaden and Dubai investment group
Emirates Fortune. That scheme is intended to have a capacity of between
200MW and 400MW.
• In July, the African Development Bank funded the construction of
the 32MW Starsol plant near N’Djamena, to be built by developer
NewSolar Invest and infrastructure and renewable energy project
financier Arborescence Capital, both based in Paris, and engineering
group Ceic Monaco.
• In August, a consortium including London-based InfraCo Africa and
France’s Smart Energies International, signed a 25-year power purchase
agreement with SNE for a 60MW solar project.
East Africa
TANZANIA
Tanzania’s EUR4-million Energy
for Agriculture (E4A) project,
which came to an end last
December, has been extended
for nine months to help develop
the biogas market and increase
the country’s access to renewable
energy. The project is being
implemented by SNV Netherlands
Development with support
from the Swedish International
Development agency through the
Swedish embassy.
10 | CEC May 2019
EUR4-million Tanzania
energy project extended
Landing at Hassan Djamous Airport, N'Djamena, Chad.
www.civilsonline.co.za