AGP Executive Report
Last update: 10 hours agoAfrica’s Energy Finance: Afreximbank and the African Petroleum Producers’ Organisation have formally launched a $5 billion Africa Energy Bank in Abuja, appointing Helmy Ghazi as its first president. The bank aims to help close the continent’s estimated $200 billion energy investment gap. Ukraine’s Power Grid: Russian strikes damaged energy facilities across several regions, leaving hundreds of thousands without electricity as repair crews work to restore supply. Bills and Gas: UK household energy bills could rise 27% in January, reaching a projected £2,192 a year as wholesale gas prices climb. Renewables and Resilience: CARICOM is urging investment in solar, wind and other renewables to reduce fuel-import dependence and strengthen regional energy security. In the UK, Egg Power sold half-stakes in three renewable projects with a combined 212MW capacity to Tokyo Century. Industry and Investment: ADIPEC opens in Abu Dhabi with record exhibitor numbers, as energy leaders focus on supply security, infrastructure and rising demand.
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