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Powering up solar in South Africa (Image source: Adobe Stock)

Energy

Lyra Energy has reached financial close on the 255MW Thakadu solar power project in South Africa

It has also commenced construction of the facility, located on the border of South Africa's Free State and North West provinces.

Lyra is a renewable energy partnership between Scatec, Standard Bank and Stanlib.

“This marks an important milestone for Lyra Energy and the Thakadu project,” said Scatec CEO Terje Pilskog.

“With contracted private sector offtake in place and financing secured, the project is well positioned for construction and delivery.”

The project will be built in two phases, with construction of the first phase now commencing.

The second phase is expected to start construction in the second half of 2026.

The total capital expenditure for the project is approximately ZAR 4bn (US$240mn) and will be financed by a combination of non-recourse project debt and equity from the owners, with a target leverage of 80%.

The senior lender is Standard Bank of South Africa.

Scatec will provide Engineering, Procurement and Construction (EPC), Asset Management (AM) and Operations & Maintenance (O&M) services for the project.

Its EPC-scope corresponds to approximately 80% of total capex.

Commercial operations date for the first phase is expected in the first half of 2027.

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Cat expands diesel power options for construction machinery. (Image source: Caterpillar)

Construction

Caterpillar is introducing a new twin-turbo, 173-horsepower (129 kW) option for the Cat C3.6 diesel engine engineered for small- to medium-sized construction equipment
 
Announced at the CONEXPO-CON/AGG 2026 event this week, it offers a 21% increase in power over Caterpillar’s current lineup of 3.6-litre engines meeting US EPA Tier 4 Final/EU Stage V emission standards.
 
The 173-hp C3.6 achieves the higher power rating through an upgraded combustion system and reinforced core components, improving machine performance through higher torque, greater uptime, and lower total operating costs without increasing size or complexity.
 
Also at the event, the company will showcase the 74 hp Cat C2.2 engine, the power-dense 690 hp C13D engine under development, the 800 hp C18 series-turbocharged engine, and a remanufactured C7 highlighting the advantages of restoring old components to like-new performance.
 
“As the construction landscape changes, our extensive portfolio of solutions and expertise, from full-fleet jobsites through to a full range of optimised diesel engines, will help solve our customers toughest challenges,” said Steve Ferguson, senior vice-president of Caterpillar Industrial Power Systems.
 
CONEXPO-CON/AGG 2026 marks the first showing of the new up to 173 hp (129 kW) high horsepower diesel engine, the latest addition to the C3.6 range, which also includes 74 hp (55 kW) and 142 hp (106 kW) ratings.
 
To meet customers’ ongoing needs for higher power density power systems, which boost machine capability without increasing size or complexity, the twin-turbo C3.6 has been designed to deliver higher torque, greater uptime, and lower total operating costs for a range of equipment including wheel excavators, dumper trucks, soil compactors, backhoe loaders, asphalt pavers and telehandlers.
 
To achieve up to 173 hp (129 kW) and 546 lb ft (740 Nm) at 1500 rpm of power density from the proven 3.6 litre, four-cylinder platform, engineers have upgraded the combustion system to achieve maximum power and efficiency and have strengthened many core components.
 
The new offering offers end users up to 1000-hour oil and fuel filter intervals and gives customers greater fuel flexibility, as the engine is compatible with B20 biodiesel, 100% HVO (hydrotreated vegetable oil), and other sustainable fuels.
 
The high horsepower variant has been designed for low fluid consumption while delivering the required power across high, medium and low load operations.
 
With a transparent, maintenance free after-treatment system with no downtime, the engine is set to deliver serious power in a compact footprint for a wide range of OEMs whose equipment is the bedrock of construction sites around the world, according to Ferguson.
 
“The customer requirement for high power density to boost machine capability without increasing engine size or complexity has driven the launch of this new high horsepower C3.6 and the C13D which we unveiled at CONEXPO-CON/AGG 2023,” he said.
 
“Given that internal combustion engines remain the dominant power solution across global jobsites; we continue to strategically invest in advanced diesel engine technologies that help customers tackle their daily challenges.”
 
The Caterpillar booth features the C13D diesel engine platform, designed to achieve best-in-class power density, torque and fuel efficiency for optimising the performance of heavy duty off-highway applications, including rock crushers, screeners, and grinders; trenchers; agriculture tractors, harvesters and self-propelled sprayers; woodchippers; material-handling equipment; and large industrial pumps.
 
For customers considering a range of power solutions for their equipment, the booth also features a C9.3B fitted with a diesel-electric power unit.
 
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Glencore driving DRC's copper mining growth

Mining

Mining giant Glencore has reached an agreement with Gécamines regarding land access for Kamoto Copper Company (KCC) in the Democratic Republic of Congo (DRC)
 
The agreement unlocks a package of long-term mining titles and leases, including expansion of a tailings storage facility and waste rock dump capacities, enabling KCC life of mine extension.
 
“This agreement will allow us to unlock the full potential of KCC by increasing efficiencies at the mine, facilities and other key infrastructure requirements,” said Mark Davis, chief operating officer of Glencore Copper Africa region.
 
“It will also help us to achieve our c.300,000 tonne per annum copper production long-term target and extend KCC’s life of mine into the mid-2040s.”
 
The agreement with Gécamines also allows Glencore the ability to maximise recovery of ore reserves within existing KCC exploitation permits, including from the KOV and T17 mining areas.
 
Gécamines maintains the rights to any ore reserves extracted from within the leased land package.
 
“The agreement aligns with the Glencore Copper Strategy of continuing to offer volume upside and longevity to Glencore’s Copper Africa Region,” said Jon Evans, industrial lead copper at Glencore.
 
Copper is critical for power, construction and the green energy transition with mining companies competing to expand production through organic growth, acquisitions and other deals.
 
The closing of the agreement with Gécamines is subject to the registration of the mining titles lease agreements in the mining cadastre, which is expected to occur in the coming months, a Glencore statement noted.
 
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RFQ marks first step in private sector participation process to strengthen operations and attract private investment

Logistics

Transnet SOC Ltd has released a Request for Qualification to begin identifying a private sector partner for its Private Sector Participation project at the Richards Bay Dry Bulk Terminal

The RFQ marks a significant step under Transnet’s Reinvent for Growth Strategy and reflects its intention to formally engage the market to enhance operational efficiency, secure private investment and reinforce the long-term sustainability of South Africa’s freight and logistics network.

The Richards Bay Dry Bulk Terminal serves as a vital export hub for bulk commodities, especially chrome and magnetite. Through the PSP initiative, Transnet aims to harness private sector capital and operational expertise to strengthen reliability and efficiency, enable future capacity expansion and maintain strategic control of the asset.

In addition, the project is expected to create opportunities linked to supplier development, local participation and community upliftment, particularly in the Richards Bay area.

As the first stage of the selection process, the RFQ calls on interested bidders to demonstrate their technical expertise, operational track record, financial strength and compliance with Transnet’s stipulated requirements. Applicants must also present clear and measurable proposals detailing how they will advance community upliftment through the PSP arrangement. Parties that satisfy the qualification criteria may progress to a subsequent Request for Proposal phase.

Transnet has emphasised that the PSP process will be managed transparently and competitively, in full alignment with applicable governance standards and regulatory obligations. Ongoing engagement with key stakeholders, including employees, organised labour and government, will remain central throughout the process.

Revitalising Nigeria’s power industry. (Image source: AFC)

Finance

Africa Finance Corporation (AFC) confirmed its advisory role in a recent landmark bond issue that aims to resolve many of the deep-rooted problems that have long blighted Nigeria’s power sector

The Nigeria’s government recently issued N501bn (US$358mn) as the inaugural tranche of the N4 trillion (US$2.9bn) power sector bond programme under the Presidential Power Sector Financial Reforms Programme (PPSFRP).

The initiative is designed to resolve more than a decade of legacy debts that have constrained liquidity, discouraged investment and weakened confidence across the electricity value chain.

It forms an integral part of sweeping power sector reforms, marking a major step toward restoring financial stability in the electricity market.

The bond programme will be used to settle verified outstanding receivables owed to power generation companies for electricity supplied between February 2015 and March 2025.

By clearing arrears, the government aims to reset the financial foundation of the power market and strengthen the balance sheets of the generating firms.

“The successful issuance of the inaugural tranche under the power sector bond programme underscores AFC’s commitment to supporting transformative reforms in Nigeria’s power sector,” said Banji Fehintola, executive board member and head, financial services at AFC.

“By resolving long-standing liquidity challenges and restoring confidence among investors and operators, this transaction lays the foundation for sustainable growth and improved electricity supply across the country.”

AFC acted as co-financial adviser, providing support on programme design, negotiation strategy, settlement agreements with the generating companies and the structuring of the bond issuance.

The transaction mobilised significant domestic capital, with pension fund administrators accounting for roughly half of the total financing, highlighting growing local investor confidence in the reform agenda.

Officials say the programme goes beyond debt resolution and forms part of a broader package of power sector reforms that includes investments in transmission infrastructure, accelerated rollout of consumer metering and a transition toward bilateral electricity trading based on market-reflective pricing.

Together, the measures are intended to create a more transparent, commercially viable and sustainable electricity market.

When fully implemented, the programme is expected to impact about 5,398MW of generation capacity and settle payments for more than 290,000GWh of electricity supplied over the past decade, benefiting companies serving around 12 million registered customers nationwide.

The bond programme is a major step towards reviving Nigeria’s electricity sector, according to Olu Verheijen, special advisor to the president on energy.

“The programme represents a decisive reset of Nigeria’s electricity market, combining debt resolution with broader financial and structural reforms,” said Verheijen.

“AFC brought strong sector expertise, deep local market knowledge and a clear understanding of the market’s commercial complexities, playing a critical role in delivering a credible outcome that supports liquidity restoration, investor confidence and long-term sustainability.”

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Modular design is the key to streamline product portfolios

Manufacturing

A new report from management consultancy Arthur D. Little warns that rising product portfolio complexity is quietly eroding profitability in the manufacturing sector, constraining digital growth, and limiting operational flexibility.

The study, Rise of Complexity in Manufacturing, highlights that companies must take decisive action to simplify their offerings and leverage modularisation to stay competitive.

“Unchecked complexity is a silent profitability killer,” the report states. “With resources limited and markets increasingly commoditised, companies must reduce product portfolio complexity to drive profitability and innovation.”

Manufacturers often expand product variants to meet customer demand, but without systematic portfolio pruning, these efforts generate hidden costs. Non-customer-facing complexity such as outdated products, excessive SKUs, and intricate internal processes can slow development, reduce scalability, and impede time to market.

The report identifies four key challenges for manufacturers: maintaining profitability amid market commoditisation, differentiating through digital solutions, ensuring supply chain resilience, and balancing legacy systems with emerging technologies such as new materials, battery-powered engines, or alternative fuels.

Arthur D. Little recommends a data-driven approach to complexity, starting with measuring the cost of complexity (CoC) across product lines and functions. A monetary proxy for CoC can capture inefficiencies in development, manufacturing, warehousing, and support, helping firms identify underperforming products for phaseout.

Strategic modularisation is highlighted as a crucial tool for managing complexity. By designing standardised, interchangeable product modules, manufacturers can simplify portfolios, accelerate time to market, and reduce costs while enabling cost-effective customisation.

The report cites Electrolux, which cut component numbers by 40% and reduced development time by 30% through modular design, and Siemens, which applied modularity to its industrial automation systems, reducing design time by 40% and improving scalability.

Arthur D. Little stresses that complexity reduction requires more than technical solutions: it demands cross-functional coordination, strong governance, and a cultural shift away from short-term gains. Companies must embed modular principles in product development, eliminate low-performing products, and ensure that both hardware and software systems are designed with simplicity in mind.

“Reducing product portfolio complexity is not a technical fix — it is a strategic transformation,” the report concludes. “By making complexity measurable, pruning underperforming products, and embedding modular design, manufacturers can release trapped value, improve speed to market, and build more resilient operations.”

The consultancy urges manufacturers to act decisively now, turning awareness of complexity into structured strategies for long-term profitability and innovation.