27 octobre 2026

The selected reports cover three aspects of the energy transition: financing solar power for industry in Egypt, preparing hydropower development in the Democratic Republic of Congo, and building the skills needed for South Africa’s energy investments. The announcements concern different stages: preliminary financing terms, arrangements for project preparation, and the development of training and workforce planning tools.

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Egypt Scatec signs preliminary financing terms for a 1 GW solar project with an estimated investment of USD 650 million

According to reports published on 26 October, Scatec, the European Investment Bank, the European Bank for Reconstruction and Development, and the African Development Bank signed preliminary financing terms for the Dandara project in Nag Hammadi, Qena governorate: 1,000 MW of solar capacity and 200 MWh of battery storage, with total investment estimated at approximately USD 650 million. Agreements covering grid connection and the National Bank of Egypt’s equity participation in the project company were also signed; financial close has not been announced. Planned in two equal phases, the project is intended to supply approximately one-third of aluminium producer Egypt Aluminium’s electricity needs.

Sources: Businessmen EG · State Information Service — Egypt

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DRC First joint committee meeting with the United States advances Grand Inga preparation

The Democratic Republic of the Congo and the United States held the inaugural meeting of the Grand Inga hydropower project’s Coordination and Governance Committee in Paris on 26 October, under their December 2025 strategic partnership. Reports published that day describe discussions on technical and financial preparation, electricity transmission, and engagement with partners; they do not present the meeting as the conclusion of construction financing. A joint technical group is scheduled to meet monthly from November 2026 to April 2027 to prepare the committee’s next meeting.

Sources: ADPI-RDC · OCPS RDC–USA · LePoint.cd · Digital Congo · Agora Grands-Lacs

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South Africa AfDB and the National Business Initiative outline skills development for the energy transition

In a publication dated 26 October reporting on the 13 October summit in Johannesburg, the African Development Bank outlined progress under the Just Energy Transition Skilling for Employment Programme, supported by a USD 1 million grant from the Fund for African Private Sector Assistance. Working with the National Business Initiative, the programme is developing a dashboard of skills requirements and Skills Development Zones, with a launch scheduled in Nkangala on 29 October. Two additional studies are due to be presented at COP31; the work addresses, among other areas, the technical occupations needed for renewable energy installations and electricity grids.

Sources: African Development Bank

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Information notice
 

This review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.