Germany Approves $20.5 Billion Hydrogen Push
Germany’s government has approved plans for the development of a hydrogen network that would cost 19 billion euros, equivalent to $20.5 billion.
The plan would include converting natural gas pipelines into infrastructure for the transportation of hydrogen, building new pipelines as well, and connecting them all with big industrial energy consumers to help them decarbonize, Bloomberg reports.
The natural gas pipeline conversion would cost some 2 billion euros, the report noted.
The whole network would span over 9,000 kilometers and be completed by 2032, with the first pipelines going online in 2025.
Germany has already signaled previously it has big ambitions in the hydrogen space, and more specifically in the green hydrogen space.
However, that very same space has seen several project cancellations recently as their authors conclude the market conditions are not conducive to the success of these projects.
Denmark’s Ørsted said earlier this month it would abandon a project that was supposed to produce green hydrogen from wind power installations, saying that “a sub-scale demonstration plant like this no longer has relevance in the current market.”
Spain’s Repsol just this week said it would suspend all investments in green hydrogen in its home market as it braces up for the possibility of windfall taxes for the energy industry becoming a permanent fixture of the local regulatory landscape.
The company warned that tax would discourage investments in the nascent green hydrogen market.
Green hydrogen is the cleanest form of the element and an energy source that many transition advocates are placing great value on.
However, it is an expensive process that involves considerable energy losses during the conversion of water into its constituent elements, prompting ample criticism that appears to have gone unheeded in Berlin. Germany plans to become climate-neutral by 2045.
Source: Oilprice.com
Ghana: ECG Begins Removal Of Fake Meters, Unauthorised Service Lines
The Electricity Company of Ghana (ECG) has announced the commencement of the removal of fake meters that have been connected with power and all unauthorised service lines.
Unauthorised service is connecting power from adjourning structures (customers) whose owners legally applied for meter from the ECG.
The move, according to the power distribution company, is aimed at reducing commercial losses they have been experiencing.
The company said power supply to affected customers would be regularised when they apply for new service at its district offices.
“Customers are encouraged to only apply for service (power supply) at our district offices, and avoid the services of middlemen (goro boys),” the ECG said.
Source: https://energynewsafrica.com
Ghana: Firewood, Charcoal Are Silent Killers—Rev Mireku
The National Petroleum Authority (NPA), in collaboration with the Oil Sustainability Program (OSP), under the Kingdom of Saudi Arabia’s Ministry of Energy and Digicraft Advertising, has launched a week-long Liquefied Petroleum Gas (LPG) awareness and sensitisation campaign in the Volta Region, one of the sixteen regions of the West African nation.
The initiative aims to educate the public on the health and environmental benefits of using LPG for cooking, targeting key stakeholders such as community leaders, market queens, Municipal and District Chief Executives (MMDCEs) and consumers through market engagements, town hall meetings and community durbars.
At a community durbar in Kpando, Reverend Father Selom Mireku, Chairman of the Local Council of Churches and Priest of the Saint Patrick’s Anglican Church, urged Ghanaians to advocate for cleaner cooking alternatives.
He highlighted the severe health risks posed by the continued use of firewood and charcoal in homes, stressing that switching to LPG is not just a convenience but a necessity to safeguard lives.
Quoting alarming statistics from the World Health Organisation (WHO), Reverend Mireku noted that smoke from firewood and charcoal is responsible for over four million deaths globally each year.
Despite these dangers, many households in developing countries, including Ghana, still rely on these traditional fuels.
He explained that women and children who spend most of their time in kitchens are particularly vulnerable to the harmful pollutants released by firewood smoke.
“These pollutants are linked to deadly health conditions such as respiratory diseases, heart problems, eye damage, and even premature death,” he said, adding that indoor air pollution caused by traditional cooking methods has become a leading cause of preventable illness in low-income households.
“The health effects are staggering,” Reverend Mireku remarked, “but for many, the shift to safer energy sources remains a challenge due to a lack of education.”
He commended the NPA and its collaborators for their efforts in promoting LPG as a cleaner and more environmentally sustainable option.
He pledged to use his platform to educate his congregation and advocate for the transition from firewood and charcoal to LPG to ensure the safety and health of Ghanaians.
The Volta Region tour aims to inspire a shift in mindset and practices across the country. Reverend Mireku’s call for all citizens to become advocates for change underscores the collective responsibility in combating indoor air pollution.
By adopting LPG and reducing the reliance on traditional fuels, families can protect their health and safeguard the environment.
Leading the campaign was Mrs Eunice Budu Nyarko, Head of Consumer Services at the NPA, who emphasised the importance of public education on LPG safety.
She urged consumers to take safety precautions, including regular inspection of gas hoses for cracks and using only approved hoses for gas usage.
Mrs Nyarko also advised on the importance of checking rubber seals (washers) on the valve and connecting hoses, stressing the need for professional help for repairs.
“Do not allow children to go near woodfuel fires and coalpots while cooking,” Mrs Nyarko cautioned, adding that consumers should avoid using mobile phones while cooking to prevent accidents.
Mr Johnson Gbagbo Junior, Supervisor of Gas at the NPA, further educated participants on LPG safety guidelines. Not only did the campaign highlight the health benefits of LPG but also emphasized its environmental advantages.
Unlike firewood which contributes to deforestation and air pollution, LPG burns cleanly, reducing both health risks and environmental damage.
Geoffrey Badassu, the MCE of Kpando, urged the NPA to continue its educational efforts in rural areas and intensify public sensitisation on LPG safety.
Meanwhile, during a town hall meeting in Aflao, Edmund Adzakwadzo, the MCE for South Ketu, emphasised the health risks that smoke poses to women and children, encouraging the public to embrace the NPA’s education and sensitisation campaign.
As the campaign moves forward, the hope is that more Ghanaians will adopt cleaner, safer cooking practices, ultimately protecting their health and the environment.
Source: https://energynewsafrica.com
Nigeria: Mainpower Electricity Distribution Limited Takes Over Electricity Distribution In Enugu State
The Mainpower Electricity Distribution Limited, a subsidiary of the Enugu Electricity Distribution Company PLC (EEDC) has been licensed to distribute electricity within Enugu State by the Enugu State Electricity Regulatory Commission (EERC).
As part of events marking the completion of the transition period for transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission (NERC) to Enugu State Electricity Regulatory Commission (EERC), the Chairman/CEO, EERC, Mr. Chijioke Okonkwo presented the interim distribution license to Mainpower Electricity Distribution Limited.
Presenting the license, Okonkwo charged Mainpower to continue with the operations of electricity service delivery to the citizens of Enugu State and work with the Commission to ensure growth in electricity services that is efficient, reliable, sustainable, and accountable is sustained for the long run.
With this development, EEDC operations in Enugu State has come to an end and have been transferred to Mainpower, while NERC will no longer regulate electricity business within the state of Enugu.
In his remarks after receiving the license, a member of the Board of Directors of Mainpower, Mr. Kester Enwereonu, said that the successful transition was a new chapter that reflects the forward-thinking reforms in the power sector and that Mainpower is ready to lead the way.
He further said that to accelerate the transformation, Mainpower will deploy re-engineered processes, cutting-edge technology, and smart tools designed to leapfrog past conventional barriers, stressing that technology is at the heart of the company’s strategy.
He assured that Mainpower will be leveraging data-driven insights to enhance efficiency and improve service delivery and that its focus will be on building a future-ready distribution network capable of delivering sustainable, reliable, and uninterrupted power to homes and businesses across the state.
“This is a bold step towards building a better future for Enugu State and with the regulatory oversight of the EERC, our commitment to operational excellence, and the support of our stakeholders, we are confident that Mainpower will achieve the tangible improvements that our customers deserve”, Enwereonu assured.
Also present at the event is the Managing Director of Mainpower, Dr. Ernest Mupwaya.
It will be recalled that with President Bola Tinubu signing the Electricity Act into law, States can now generate, transmit, and distribute electricity. With this development, they are expected to set up their own regulatory framework to regulate the electricity market in their states and issue operating licenses to potential investors that may want to do business in the state.
In addition, NERC (which has been the regulator over the years) would have to hand over the regulatory and oversight rights to the state-owned regulatory commission (which in the case of Enugu State is the Enugu State Electricity Regulatory Commission (EERC).
Consequently, EEDC ceases to operate within Enugu State, as MainPower Electricity Distribution Limited is now the DisCo responsible for electricity distribution in the State.
However, EEDC as the holding company continues to carry out electricity distribution in Abia, Anambra, Ebonyi, and Imo States.
Source: https://energynewsafrica.com
Venezuela Arrests Former Oil Minister For Alleged Sharing Of Sensitive PDVSA Info
Venezuela detained former Oil Minister Pedro Tellechea over the weekend as part of an internal purge at the state-owned oil company, PDVSA, after President Nicolás Maduro’s disputed reelection.
Tellechea, a technocrat from the petrochemical sector, served as oil minister until Aug. 27, when he was replaced by Vice President Delcy Rodríguez.
As the former head of Petroleos de Venezuela S.A. (PDVSA), Tellechea closed deals on a number of jointly-run oil ventures with foreign oil producers as Venezuela sought to ramp up production.
Tellechea was detained on Sunday after a string of arrests that have swept PDVSA in recent weeks, according to people familiar with the matter. The people spoke anonymously due to the sensitive, ongoing nature of the situation.
Venezuela confirmed the detention of Tellechea and his closest collaborators on Monday in a statement from the prosecutor’s office.
The former minister and his allies committed “serious crimes,” the prosecutor said, alleging they had handed over sensitive PDVSA information to an entity controlled by U.S. intelligence.
The detention comes amid a renewed push by Maduro against corruption.
The president is seeking to regain popular support after the opposition presented records from a majority of polling stations that showed him losing the July vote by a wide margin.
Press officials for Venezuela’s information ministry didn’t immediately respond to requests for comment.
Tellechea, who has been serving as industry minister, was unexpectedly removed from his post on Friday and replaced by top Maduro ally, Alex Saab.
His detention follows that of his predecessor at the oil ministry, Tareck El Aissami, who was arrested in April as part of an investigation into billions in missing energy revenues.
Source: World Oil
South Africa: Petrobras To Lead Brazilian Companies To African Energy Week 2024
Brazil’s state-owned oil and gas company Petrobras is leading a delegation of Brazilian companies to the African Energy Week (AEW): Invest in African Energy conference – taking place in November 4-8 in Cape Town, South Africa.
The move follows a string of acquisitions made by Brazilian companies in Africa in recent months and aims to unlock new avenues for partnerships in oil and gas exploration and production.
The delegation comprises Petrobras’ Exploration and Production Director Sylvia dos Anjos; Dr. Roberto Ardenghy, President of the Brazilian Institute of Oil and Gas; Dr. Marcio Mello, Founder of the Namibia Energy Corporation; and Henrique Luiz de Barros Penteado, Petrobras Netherlands B.V. Exploration Manager. As the largest energy event in Africa, AEW: Invest in African Energy 2024 offers a strategic platform for strengthened Africa-global partnerships.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.
Petrobras – the biggest oil producer in Brazil – is rapidly expanding its footprint in Africa, with strategic acquisitions in South Africa, Namibia and São Tomé and Príncipe.
In September 2024, the company’s board gave the greenlight to acquire a 10% stake in the offshore Deep Western Orange Basin in South Africa, heralding a new era of exploration in the promising block.
Situated adjacent to where high-profile discoveries have been made in Namibia, the deepwater block offers significant potential for billion-barrel finds. The block is operated by energy major TotalEnergies alongside project partners QatarEnergy and Sezigyn.
In Namibia, Petrobras is making a bid for a 40% stake in the Mopane oil and gas exploration block, which international oil company Galp has put up for sale.
The block was the host of a major discovery in January 2024, with reserves estimated as high as 10 billion barrels recoverable.
Now, Galp is seeking farm-in partners to accelerate the development of the block. If successful, the acquisition would signal Petrobras’ entry into the market, which has been the host of some of Africa’s biggest offshore discoveries in recent years.
This aligns with the company’s goal to expand its international footprint while paving the way for Namibia to leverage the expertise of its South American neighbor.
Petrobras’ return to Africa followed the acquisition of interests in three Shell-operated exploration blocks in São Tomé and Príncipe in December 2023.
The deal covers Blocks 10, 11 and 13, aligning with the company’s strategy to expand its interests into frontier markets in Africa.
The company has dedicated $1.3 billion over the next five years for exploration outside of Brazil, underscoring its commitment to diversifying its portfolio and driving exploration in Africa.
Looking ahead, Petrobras remains committed to frontier exploration opportunities.
Recently, Petrobras has asked to consult geological data in Angola, Sierra Leone, Equatorial Guinea, Liberia, Benin and Ivory Coast.
The company’s newfound upstream strategy aims to significantly enhance its production capacity while tapping into the potential of emerging and promising markets – particularly those in Africa. This extends to producing countries such as Angola, which continues to offer untapped potential in onshore and ultra-deepwater acreage.
Angola and Brazil rank in the top ten globally for ultra-deepwater reserves, highlighting a strategic opportunity for collaboration. Frontier assets such as in the Namibe basin offer strategic potential for Petrobras.
At AEW: Invest in African Energy 2024, these collaborative opportunities will be a key topic of discussion, with the Brazilian delegation engaging with industry leaders and project developers in Cape Town.
“Brazil’s exploration and production history bears remarkable similarities to that of its African counterparts, specifically frontier markets such as Namibia. Offering similar geological characteristics and with a string of large-scale projects underway, lesson learnt from Brazil can accelerate the pace and success of oil and gas developments in Africa.
Companies such as Petrobras are already strengthening their portfolio of African assets, driving projects forward in partnership with African and global players,” NJ Ayuk, Executive Chairman of the African Energy Chamber stated.
During AEW, the Brazilian delegation will participate in various panel discussions, tackling critical topics such as frontier exploration, sustainable oil and gas development and technology-driven drilling solutions.
The delegation’s participation creates strategic opportunities for newfound partnerships as African countries move to unlock the full potential of their offshore oil and gas resources.
Distributed by APO Group on behalf of African Energy Chamber
Source: African Energy Chamber
Nigeria Approves $1.3B Sale Of Exxon Onshore Assets To Seplat, Rejects Shell Deal
Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc.
The decisions end a more than two-year delay to the conclusion of Exxon’s $1.3 billion deal, but hinders Shell’s plans for the West African nation.
The Exxon transaction has received ministerial consent, said Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission at a conference in Abuja, the nation’s capital on Monday.
President Bola Tinubu, who is also the minister of petroleum, signaled in his Independence Day speech on Oct. 1 that it would get approval within a matter of days.
The sale will free Exxon Mobil to focus on expanding its offshore assets in Africa’s largest crude producer. The company last month said it is considering investing as much as $10 billion in that business in the coming years.
Seplat has previously said that acquiring Exxon’s assets would almost quadruple the company’s oil output to more than 130,000 bpd.
A similar transaction by Shell Plc to sell its onshore assets to a consortium of local companies for more than $1.3 billion failed to get approval, Komolafe said.
A Shell spokesperson wasn’t immediately able to comment.
The consortium, known as Renaissance, is formed of exploration and production companies ND Western, Aradel Energy, First E&P, Waltersmith and Petrolin, all of which are based in Nigeria. Its CEO Tony Attah is a former Shell employee with 30 years of experience in the oil and gas industry.
Shell said last week in an emailed statement that it was engaged in ongoing talks with the government to sell the assets and will provide the regulator with all information needed to complete the approval process.
The rejection will be a setback for Shell, who has sought to exit the assets for more than three years as the operations have become increasingly difficult, with local communities accusing the company of being responsible for oil spills that have polluted their environment.
The company has blamed many of these incidents on damage to infrastructure caused by oil theft.
Source: World Oil
Zambia: Maamba Energy Shuts Down Two Generators For Maintenance
Zambia’s power utility company, ZESCO Limited has announced that Maamba Energy Limited (MEL), an Independent Power Producer (IPP), has shut down two generators of one of its power plant to undertake corrective maintenance.
According to ZESCO, this has resulted in the temporary reduction of the available national power generation by 150 Megawatts.
The maintenance is expected to last for one week, 20 to 27 October 2024, reducing the available power generation capacity during this period, the company said in a statement on Monday, October 21,2024.
“ZESCO will strive to maintain the 3-hour supply schedule in residential areas during this time of a significant power supply shortfall by optimising the power imports in collaboration with some Power Traders and ramping up availability from the other Independent Power Producers, where possible.”
Maamba Energy Limited is working diligently to complete the corrective maintenance and restore normal generation as soon as possible.
ZESCO is collaborating closely with all partners to minimize disruptions and ensure a timely return to normal operations.
ZESCO appealed to all of its valued customers to continue practicing energy efficiency during this period.
Simple, yet significant measures such as turning off unnecessary lights, using energy-saving appliances, and reducing electricity consumption during peak hours can help reduce the strain on the power system and contribute to a more predictable power supply for everyone.
ZESCO expressed appreciation to Zambians for their patience and cooperation during this time.
“The Corporation will provide regular updates of this development on its official communication channels,” the statement concluded.
Source: https://energynewsafrica.com
The UAE’s Renewable Energy Giant Plans Massive Global Expansion
Masdar, the renewables energy giant of the United Arab Emirates (UAE), wants to become one of the world’s biggest renewable companies targeting 100 gigawatts (GW) of solar and wind assets by 2030, CEO Mohamed Jameel Al Ramahi told the Financial Times in an interview published on Monday.
Masdar sees having up to a 35% market share of the renewables power capacity in the Middle East by the end of the decade, 20% of Europe’s clean energy capacity, and up to 25% of the U.S. capacity, Al Ramahi told FT.
Asia will also be a significant part of Masdar’s portfolio, the executive added.
The company’s shareholders are Abu Dhabi’s oil giant ADNOC, Abu Dhabi’s sovereign investment company Mubadala, and state utility giant TAQA.
Masdar is on an investment spree to buy renewable assets worldwide, and this spending drive will continue, Al Ramahi told FT.
Last month, Masdar said it would buy renewable power developer Saeta Yield from Brookfield in a deal valuing the target company at $1.4 billion. Saeta Yield develops, owns, and operates renewable power assets in Spain and Portugal.
The deal would be one of the biggest renewable energy transactions in Spain, one of Europe’s top markets for renewables.
Earlier this year, Masdar also announced an agreement with Spain’s power firm Endesa to become a partner for 2.5 GW of renewable energy assets in Spain.
Masdar also signed in June a $3.5 billion (3.2 billion euro) deal to buy Greece’s Terna Energy in the largest ever energy transaction on the Athens Stock Exchange, and one of largest in the EU renewables industry.
In early October, the UAE firm closed the acquisition of a 50% stake in Terra-Gen Power Holdings II, one of the largest independent renewable energy producers in the United States.
In another strategic market, Masdar is advancing, in partnership with RWE, the Dogger Bank South offshore wind project in the UK, part of the larger Dogger Bank, which will be the world’s biggest offshore wind farm when completed.
Source: Oilprice.com
Nigeria: NGML, A4E Energy To Construct 100MMSCF/D Gas Distribution Facility In Ajaokuta
Nigeria’s National Petroleum Corporation Gas Marketing Limited (NGML) and its partner, A4E Energy has signed an agreement to construct a 100 mmscf/d natural gas distribution facility in Ajaokuta, Kogi state.
The gas facility (city-gate) will enable natural gas supply to various domestic LNG facilities, CNG compression and other facilities requiring gas in the Ajaokuta area.
Similarly, NGML signed a 10 year Gas Sales & Purchase Agreement (GSPA) to supply 5mmscf/d gas to A4E Energy’s CNG compression facility and CNG dispensing stations.
These projects are in line with the Decade of Gas and Presidential CNG initiatives of the Federal Government to ensure Gas drives Nigeria’s industrialization and transportation sector.
NGML is the largest downstream Gas Marketing and Distribution company in Nigeria while A4E Energy is a 100% indigenous energy company active in the downstream and midstream gas and renewable sector seeking to harness Nigeria’s abundant natural gas for the benefit of its citizens.
Source: https://energynewsafrica.com
Ghana: Best Time To Invest In Ghana’s Upstream Sector Is Now – Petroleum Commission CEO
Ghana’s petroleum upstream regulator, Petroleum Commission Ghana, is spearheading reforms in the regulatory and fiscal regime governing exploration of hydrocarbons in the West African nation with the aim of making the country’s upstream very attractive and competitive to investors.
Even before the global push for energy transition which has limited investment in the upstream sector intensified, Ghana’s upstream sector was less competitive as investors preferred other jurisdictions over Ghana.
In 2021, US oil and gas super major ExxonMobil abandoned its 80 per cent stake in the Offshore Cape Three Point (OCTP) sparking concerns by energy analysts as to what could be going wrong in the upstream petroleum industry.
Prior to ExxonMobil’s exit, Hess, which held 50 per cent stake in Deepwater Tano Cape Three Point block, offloaded its stake to Aker Energy now Peacan Energies and left the country.
In 2021, Anadarko also offloaded its stake in Tweneboa, Enyenra Ntomme (TEN) and Jubilee oilfields and left the country.
Speaking at the just-ended Africa Oil Week in Cape Town, South Africa, the Chief Executive Officer of Petroleum Commission Ghana, Egbert Faibille Jnr., noted that many times when people are discussing the happenings in the upstream sector, they forget about what their competitors (other African nations) have done to their fiscal and regulatory regimes by way of making the extraction of their hydrocarbons very attractive to investors.
He said, “Ghana wants to walk that path and it is moving away from the current regime and has therefore made a raft of proposals to the Ministry of Energy for consideration.”
Making reference to Cote d’Ivoire, Namibia and Angola, Mr Faibille said, “Our people have to see what they have done with respect to the reforms they have made. We have to understand that you can’t go to the same market and compete with those who have made their regulatory regime more flexible and attractive. We must either be equal with them or better than them.”
Mr Faibille told the gathering and especially the investing community that giving the work the commission and other stakeholders, such as the GNPC, have done, it has positioned Ghana as the best place to invest.
“Now is the time to come to Ghana because we ourselves are more than convinced that we have to change the way of doing business. And our government is more than convinced that we have to change the way of doing things and our government is more than committed,” he added.
Source: https://energynewsafrica.com
Nigeria: Stop Blaming TCN Any Time Grid Collapses…TCN MD
Nigeria’s power transmission company, TCN’s Managing Director, Sule Abdulaziz, says it is unfair for Nigerians to vent their anger on the company’s officials every time the national grid experiences failure in power supply, stating it is not their (TCN’s) fault.
The country’s power grid has collapsed seven times in 2024, with the latest being last Saturday.
The persistent collapse of the grid has become a major issue of concern to thousands of Nigerians who are already grappling with power supply.
Many are of the view that some officials of the power transmission company have to be axed and replaced for fresh minds to turn things around since they have failed.
However, speaking on Nigeria-based Channels Television’s ‘Politics Today’, Abdulaziz insisted that much as they are charged with managing the grid, there are some important factors people often fail to consider.
He said, “Before explaining further, let me just say the grid didn’t collapse three times in October. We had grid disturbances only two times. I think the first was on Monday and the second yesterday (Saturday).
There was news that the grid collapsed again on Tuesday. That one was incorrect. On Monday, we were to fix the grid but had some setbacks.
“TCN is the one in charge of the grid. It doesn’t mean that all the problems are from the TCN. It can be from generation, transmission and distribution. Sometimes, it can be a (result of) disaster.
So, if there is any system collapse, we have to conduct studies to find out what the cause is. But you cannot say it is the fault of the TCN just like that.
“Again, the transmission system needs a lot of investments. For so many years in this country, that sector was neglected. Most of the equipment we are using is over 40 to 50 years old, and so that equipment can’t work perfectly.
“So we are doing our best. We know we can do more. But at least, we are getting to know the problems one by one.”
Source: https://energynewsafrica.com
Ghana: Deputy CEO Of GNPC Benjamin K. Acolatse Receives Exemplary Finance Leader In Energy Award In Dubai
Ghana National Petroleum Corporation’s (GNPC) Deputy Chief Executive Officer in charge of Finance & Administration, Benjamin Kwaku Acolatse Esq, has been named one of the top 100 finance leaders in the energy sector across the Middle East and Africa.
He was recognised at the Premier Energy Leadership Middle East & Africa Conference & Awards (PELADubai2024), held on October 17, 2024, in Dubai.
Mr Acolatse was presented with the Exemplary Finance Leader in Energy Award for his outstanding financial leadership and contributions to the energy industry.
“His role at GNPC has been instrumental in shaping the corporation’s financial strategy, ensuring operational efficiency, and driving sustainability across its diverse portfolio of activities,” the Corporation said in a story posted on its website.
The award underscores Mr Acolatse’s commitment to excellence, as his leadership has strengthened GNPC’s financial systems, enabling the Ghana national oil company to thrive in an increasingly competitive and evolving energy landscape.
His strategic insights have played a crucial role in positioning GNPC as a leader in energy production, corporate governance and social responsibility.
Commenting on the award, Mr Acolatse expressed his gratitude and said the recognition reflected the hard work and dedication of the entire finance and administration team at the GNPC.
“Together, we are committed to maintaining financial integrity, driving innovation and ensuring sustainability in all our operations. I dedicate this honour to my colleagues and the leadership of GNPC for their continuous support,” he added.
The Premier Energy Leadership Conference & Awards celebrates visionary leaders who drive innovation and sustainability in the energy sector.
This recognition of Mr Acolatse adds another milestone to GNPC’s achievements, further enhancing its reputation as a force for positive impact in both the energy industry and the communities it serves.
With Mr Acolatse’s leadership, GNPC remains well-positioned to navigate the complex challenges of the energy sector while maintaining its focus on sustainable growth and corporate responsibility.
Source: https://energynewsafrica.com
Commenting on the award, Mr Acolatse expressed his gratitude and said the recognition reflected the hard work and dedication of the entire finance and administration team at the GNPC.
“Together, we are committed to maintaining financial integrity, driving innovation and ensuring sustainability in all our operations. I dedicate this honour to my colleagues and the leadership of GNPC for their continuous support,” he added.
The Premier Energy Leadership Conference & Awards celebrates visionary leaders who drive innovation and sustainability in the energy sector.
This recognition of Mr Acolatse adds another milestone to GNPC’s achievements, further enhancing its reputation as a force for positive impact in both the energy industry and the communities it serves.
With Mr Acolatse’s leadership, GNPC remains well-positioned to navigate the complex challenges of the energy sector while maintaining its focus on sustainable growth and corporate responsibility.
Source: https://energynewsafrica.com Nigeria: Vandals Damage Two Towers Along Shiroro–Kaduna Lines
The Transmission Company of Nigeria (TCN) has reported that two towers along its 330kV Shiroro–Kaduna transmission lines one and two have been vandalised, damaging parts of both transmission lines.
The power transmission company said in a statement that the 330kV transmission line one tripped first, followed shortly by the second, as efforts were still ongoing to reclose the first line, prompting the urgent mobilisation of local vigilantes to patrol the lines.
According to TCN, this led to the discovery of two damaged towers, towers T133 and tower T136, with their cables badly damaged at several points.
“Arrangements are in top gear to deploy the newly procured ’emergency restoration system’ to the site, pending the reconstruction of the damaged towers. TCN has also conducted an aerial survey in collaboration with security operatives, given the area’s vulnerability to banditry, which poses a significant threat to both TCN installations and personnel,” TCN said.
” In the interim, our engineers have implemented a temporary measure to supply bulk power to the Kaduna and Kano regions via the 330kV Kaduna–Jos transmission line.”
The vandalised Shiroro–Kaduna 330kV lines 1&2 are vital lines through which bulk power is transmitted to parts of the North West Region, with each line capable of carrying 600MW.
The vandalism of the towers and transmission lines presents a significant challenge to bulk power transmission in that axis.
“We are, however, committed to re-erecting the towers and restringing the transmission lines to restore bulk power transmission through both 330kV power transmission lines,” the statement concluded.
Source: https://energynewsafrica.com