IAEA Concludes Long Term Operation Safety Review At South Africa’s Koeberg Nuclear Power Plant

Michael Creg Afful
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0
IAEA Concludes Long Term Operation Safety Review At South Africa’s Koeberg Nuclear Power Plant
The International Atomic Energy Agency (IAEA) team of experts has completed a review of long term operational safety of the Koeberg Nuclear Power Plant (NPP) in South Africa. The Safety Aspects of Long Term Operation (SALTO) follow-up review mission was requested by the plant’s operator, Eskom. Koeberg Units one and two started commercial operation in 1984 and 1985, respectively. Koeberg’s Unit 1 received a license to continue operating until 2044 in July this year, and Eskom is planning to extend operation of Unit 2 until 2045. Koeberg Nuclear Power Plant is located approximately 30 kilometers north of Cape Town, South Africa, and provides around 5 per cent of the country’s electricity, playing a vital role in reducing reliance on coal. It is the only commercially operating nuclear power station on the African continent. Koeberg is equipped with two pressurized water reactors with a combined capacity of 1934 MW(e), making it a key component of South Africa’s energy infrastructure. During the 3 to 6 September mission, the SALTO team’s review focused on aspects essential to the safe Long Term Operation (LTO) of both units. The mission reviewed Koeberg NPP’s response to recommendations and suggestions made during an IAEA SALITO mission in 2022, which built upon an initial IAEA pre-SALTO mission held at the plant in 2019. “The team observed that the plant is addressing the SALTO team’s suggestions and recommendations from the 2022 review,” said team leader and IAEA Nuclear Safety Officer Bryce Lehman. “Based on its efforts, the plant has made significant improvements in ageing management and resolved most of the issues identified in 2022. The plant is on track to complete the remaining items in a reasonable timeframe.” The team – comprising two experts from the Czech Republic and Slovenia, and two IAEA staff members – said the plant had:
  • Updated the LTO programme ensuring that all long-term operation activities are systematically planned, executed on schedule, and aligned with safety and operational standards.
  • Completed the revalidation of environmental qualification for qualified cables ensuring that nuclear facility cables remain capable of safely performing under specific environmental conditions over time, despite aging or wear.
  • Completed the revalidation of the Time Limited Ageing Analysis (TLAAs) for concrete structures, including the containment TLAA.
The team noted that the plant needs to continue its work to ensure that:
  • The plant programmes supporting LTO are fully implemented for the LTO period.
  • The containment monitoring system is fully refurbished and remains fully functional during the LTO period.
Plant management expressed a determination to maintain the level of preparedness for safe LTO and to further cooperate with the IAEA in this area. “For us, this is an integral part of the IAEA’s supporting service to ensure safe operation of the Koeberg reactors during the LTO period for the next 20 years. The IAEA SALTO missions, and technical cooperation, helped to improve our continued focus on safe operation,” said Keith Featherstone, Chief Nuclear Officer, Nuclear Operating Unit, Eskom. “Eskom has worked diligently to demonstrate and ensure the safe operation of the Koeberg plant today and into the future and together with the IAEA carried out four review missions and several technical support discussions. “We appreciate the IAEA’s support and the independent review against international safety standards. We will continue to collaborate in the future as part of our drive to continuously improve,” he added. The team provided a draft report to the plant management and to the South African National Nuclear Regulator (NNR) at the end of the mission. They will have an opportunity to make factual comments on the draft. A final report will be submitted to the plant management, the NNR and the South African Government within three months.   Source: IAEA

South Sudan Considers New Pipeline Route To Boost Oil Exports

Michael Creg Afful
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0
South Sudan Considers New Pipeline Route To Boost Oil Exports
South Sudan and China National Petroleum Corporation (CNPC) are discussing the idea to build an alternative oil pipeline from the landlocked African country to Djibouti via Ethiopia to boost export capabilities, the presidency has said. The statement came during the visit of South Sudan’s President Salva Kiir to China and the CNPC offices to discuss reforms in South Sudan’s oil sector, “including improving oil production through establishing a new refinery and building distribution networks.” Kiir also took part in the 1st South Sudan-Zhejiang Economic, Investment, and Trade Forum, where he invited Chinese companies and potential investors to explore some of the untapped investment opportunities in South Sudan, the government of the African oil producer said. During talks with CNPC in China, an alternative pipeline through Djibouti via Ethiopia was proposed, aiming “to enhance export capabilities of expanding extraction in Blocks 3 and 7.” CNPC holds 41% of Dar Petroleum Operating Company, the biggest oil operator in South Sudan. CNPC assured the South Sudanese president that the Chinese state oil corporation would work closely with the local teams in the development of infrastructure projects and continue oil exploration in the country. South Sudan’s oil exports have plunged since the beginning of the year. The country is struggling to get any money in its budget as its oil exports, on which it depends for 90% of state revenues, are stalled by a ruptured pipeline in neighboring Sudan that is currently the only outlet for South Sudan to sell its crude. In March, Sudan declared force majeure on crude oil exports from its landlocked neighbor South Sudan, following a major rupture in the pipeline carrying crude from South Sudan to a port in Sudan in an area with active military activity. The latest conflict in Sudan erupted in April last year, when the Rapid Support Forces (RSF), a paramilitary group, took up arms against the Sudanese army in the capital Khartoum. Many of South Sudan’s oilfields cannot send their oil north via the pipeline in Sudan and revenues for South Sudan are plummeting. Source: Oilprice.com

Namibia: Exxon Withdraws From Race To Buy Stake In Namibia Oil Block From Galp

Michael Creg Afful
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0
Namibia: Exxon Withdraws From Race To Buy Stake In Namibia Oil Block From Galp
US oil and gas super major, ExxonMobil, has pulled out of the race to buy half of Galp Energia’s stake in a large oil discovery in Namibia that has attracted interest from top energy companies, Reuters reported citing inside sources. More than 12 oil companies including Exxon, Shell and Brazil’s national oil company Petrobras had expressed interest in Galp’s 40% stake in the offshore Mopane discovery, sources had previously said. Galp is also proposing the buyer operate the field. The reasons for Exxon’s withdrawal from the process were unclear. Other companies have continued to engage with Galp on the sale, the sources said. Exxon and Galp declined to comment. Mopane is estimated to hold at least 10 billion barrels of oil and gas equivalent and could be valued at more than $10 billion, according to some estimates. The sale process follows a string of promising offshore discoveries by Shell and TotalEnergies in recent years, which raised the prospect of the south African country becoming a major oil producing nation.     Source: https://energynewsafrica.com

Trinasolar Reinforces Its Commitment To South Africa’s Renewable Energy Future With Landmark Event In Cape Town

Michael Creg Afful
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0
Trinasolar Reinforces Its Commitment To South Africa’s Renewable Energy Future With Landmark Event In Cape Town
Trinasolar, a global leader in smart PV and energy storage solutions, further solidified its commitment to South Africa’s renewable energy future with an insightful customer event in Cape Town on August 26th. This event not only emphasized Trinasolar’s ongoing expansion in the region but also highlighted its transformative impact on the country’s energy landscape. The event featured a keynote address by Kadri Nassiep, the City of Cape Town’s Energy Executive Director, who provided an insightful overview of the city’s energy strategies. Mr. Nassiep’s address tackled the critical challenges of power outages and outlined innovative solutions that align with Trinasolar’s mission to deliver reliable, sustainable energy to communities across South Africa. Zaheer Khan, Regional Director for South Africa at Trinasolar, spoke to the company’s significant milestones in the region, reflecting on Trinasolar’s growing leadership in the renewable energy sector. “Our journey in South Africa is one of partnership and progress. Trinasolar’s advanced technologies and strategic collaborations are not only addressing the immediate energy needs but also laying the foundation for a sustainable energy ecosystem in the country,” Khan stated. He further emphasized Trinasolar’s role as a catalyst for positive change, driving both economic growth and environmental stewardship in South Africa. Peter Pan, Trinasolar’s Storage Sales Manager, presented the company’s cutting-edge energy storage solutions, which have been instrumental in ensuring energy resilience across different regions. His presentation highlighted Trinasolar’s ability to offer full-process solutions that adapt to the diverse and dynamic needs of South African customers, further reinforcing the company’s pivotal role in the country’s energy transition. In a surprise highlight, legendary South African cricketer Dale Steyn shared his journey of overcoming challenges, drawing parallels between his career and the resilience required in the energy sector. Trinasolar also announced the establishment of the Trinasolar SA Padel Club, an initiative designed to strengthen business relationships with key partners in South Africa’s renewable energy industry. The club will serve as a platform for collaboration and networking among industry leaders, fostering a community dedicated to the shared goal of sustainable energy advancement. The evening concluded with a gala dinner and a captivating performance, leaving guests with a renewed sense of purpose and a commitment to driving forward South Africa’s renewable energy agenda, with Trinasolar at the helm. Since its founding in 1997, Trinasolar has emerged as a world-leading photovoltaics technology provider. With a robust presence in South Africa, the company continues to innovate and expand, playing a crucial role in the country’s transition to a sustainable energy future.        

Ghana: Timing For Proposed Merger Of VRA, BPA, ECG And NEDCo Wrong—IES

Michael Creg Afful
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0
Ghana: Timing For Proposed Merger Of VRA, BPA, ECG And NEDCo Wrong—IES
The Institute for Energy Security (IES) has urged the government to reconsider its planned merger of some state-owned power sector agencies, noting that embarking on such a venture is likely to worsen the liquidity issues that have already plagued the power sector. “The focus should be on stabilising and strengthening the existing institutions such as the VRA, Bui Power Authority, the ECG and the NEDCo, rather than dismantling them,” said Nana Amoasi VII, the Executive Director for IES, in a statement issued and copied to energynewsafrica.com. He argued that while the proposed merger and restructuring of Ghana’s power sector may have its proponents, he expressed the belief that the risks far outweigh the benefits in its current form. Nana Amoasi VII urged the government to conduct extensive engagement with all relevant stakeholders, including the VRA staff and industry experts, to ensure that the proposed changes are thoroughly vetted and understood by all parties. “Transparent dialogue is essential to avoid potential pitfalls that could harm the sector, but rather ensure that the best interests of the nation are prioritized,’’ he said. The IES boss’ statement follows agitations by the staff of the VRA and the NEDCo over the government’s plan to merge the Volta River Authority and Bui Power Authority into one entity, Electricity Company of Ghana (ECG) and Northern Electricity Distribution Company (NEDCo) into another entity. Full Statement By The IES The Institute for Energy Security (IES) has taken note of the recent draft bill proposing the merger of the Volta River Authority (VRA) with Bui Power Authority, the combination of the Electricity Company of Ghana (ECG) with the Northern Electricity Distribution Company (NEDCo), and the establishment of an independent Thermal Power Authority. The IES’ attention has also been drawn to media publication of stories reflecting significant opposition by the VRA staff and the Ghanaian government regarding the proposed restructuring of key institutions in the energy sector. The IES glean from the publications that the VRA staff view the potential merger and privatization of assets as detrimental to the organization, the country’s energy security, and the affordability of electricity. The IES finds the VRA staff group’s opposition justifiable in several respects. First, they raise concerns about the long-term financial stability of VRA, particularly if profitable parts of the organization like the thermal assets are privatized. Second, they argue that VRA’s ability to generate diverse sources of power (hydro, thermal, and renewable) is essential to national energy security and restricting it could weaken its role. Third, the staff claim that VRA’s support for NEDCo ensures consistent electricity supply to underserved regions, and disrupting this support may have social and economic repercussions. Lastly, the staff feel excluded from key decisions, raising suspicions that these reforms might prioritize private interests over the nation’s welfare. After careful analysis of the concerns raised by the staff group, we find their opposition to be both valid and critical to the future of Ghana’s energy security and affordability. In IES’ assessment, the proposed bill presents significant risks to the stability of Ghana’s power sector, and to VRA’s operational and financial health, especially regarding the separation of its thermal assets. Below are the key concerns and recommendations: Key Concerns
  1. To the extent that the allocation of hydro-generated power is determined by the Electricity Market Oversight Panel (EMOP), VRA’s flexibility in managing its customer base and financial health is restricted to exclude bilateral customers like the mines and the export market. Selling primarily to ECG and VALCO, both of which have delayed payments, could exacerbate VRA’s liquidity problems, as it would have limited options for recovering outstanding debts. Payment delays reduce VRA’s cash flow, making it difficult to invest in maintenance or expand operations, and increase its reliance on external borrowing, which could weaken its long-term sustainability.
 
  1. The staff groups have raised concerns that separating the thermal power assets of VRA from its hydro asset may lead to the gradual privatization of these critical assets. We support this concern, as thermal power generation forms a key pillar of VRA’s revenue. It is the revenue from unregulated thermal power sales that helps augment and stabilize cash flow for the VRA. If the proposed bill removes thermal assets from VRA’s control, it could jeopardize the organization’s financial viability, as it would lose a significant revenue stream.
 
  1. The Cash Waterfall Mechanism (CWM) is designed to ensure equitable distribution of revenue across the power sector. However, VRA receives a paltry 30% of what it is owed from power sales to ECG under the cash waterfall mechanism month-on-month. This represents a major threat to VRA’s liquidity, as it would be receiving less cash than needed to maintain operations and service its debts. If these liquidity challenges persist, VRA could face operational difficulties.
 
  1. VRA has highlighted that ECG and VALCO owe millions of dollars in unpaid bills, which exacerbates VRA’s liquidity challenges. With the current CWM generating a backlog of revenue entitlement to the VRA, this non-payment threatens the sustainability of the entire organization. The merger of ECG with NEDCo, without addressing these financial shortcomings, could make matters worse.
 
  1. In the context of the government owing independent power producers (IPPs) over US$2 billion, the financial health of an independent Thermal Power Authority is far from guaranteed. The creation of an independent Thermal Power Authority could exacerbate the existing financial burden on the government if it inherits the same capacity charge obligations. This could lead to strained relationships with IPPs and, in turn, compromise power reliability if the IPPs cut off supply due to non-payment.
  Recommendations
  1. We urge the government to conduct extensive engagement with all relevant stakeholders, including VRA staff, and industry experts, to ensure that the proposed changes are thoroughly vetted and understood by all parties. Transparent dialogue is essential to avoid potential pitfalls that could harm the sector, but rather ensure that the best interests of the nation are prioritized.
 
  1. VRA should retain control over its thermal power plants. These plants are crucial to VRA’s financial health and their removal would severely compromise the authority’s operational sustainability. We urge the government to reconsider the creation of an independent Thermal Power Authority.
 
  1. The government must urgently resolve the outstanding debt issues between VRA, ECG, and VALCO. These entities’ failure to meet their payment obligations has created a severe liquidity crisis for VRA, and this must be corrected before any structural changes are made.
 
  1. A thorough impact assessment should be conducted on the cost implications of merging VRA’s hydro assets with Bui Power Authority. Any move that risks increasing electricity tariffs must be reconsidered in light of the economic challenges facing Ghanaians.
 
  1. With the government currently owing independent power producers (IPPs) over US$2 billion, it is critical to address this debt before creating any new energy authorities. The IPPs play a crucial role in maintaining power supply, and any shutdown threats due to non-payment could severely affect the reliability of Ghana’s electricity supply.
 
  1. It is imperative to encourage competition and innovation in the distribution sector. As a result, the ECG and NEDCo should be allowed to operate independently for purposes of quality service delivery.
  While the proposed merger and restructuring of Ghana’s power sector may have its proponents, we believe that the risks far outweigh the benefits in its current form. The focus should be on stabilizing and strengthening the existing institutions such as the VRA, Bui Power Authority, ECG, and NEDCo, rather than dismantling them. We urge the government to reconsider the bill and work towards solutions that preserve Ghana’s energy security, affordability, and long-term sustainability.   Signed NANA AMOASI V11 EXECUTIVE DIRECTOR   Full Statement By The IES The Institute for Energy Security (IES) has taken note of the recent draft bill proposing the merger of the Volta River Authority (VRA) with Bui Power Authority, the combination of the Electricity Company of Ghana (ECG) with the Northern Electricity Distribution Company (NEDCo), and the establishment of an independent Thermal Power Authority. The IES’ attention has also been drawn to media publication of stories reflecting significant opposition by the VRA staff and the Ghanaian government regarding the proposed restructuring of key institutions in the energy sector. The IES glean from the publications that the VRA staff view the potential merger and privatization of assets as detrimental to the organization, the country’s energy security, and the affordability of electricity. The IES finds the VRA staff group’s opposition justifiable in several respects. First, they raise concerns about the long-term financial stability of VRA, particularly if profitable parts of the organization like the thermal assets are privatized. Second, they argue that VRA’s ability to generate diverse sources of power (hydro, thermal, and renewable) is essential to national energy security and restricting it could weaken its role. Third, the staff claim that VRA’s support for NEDCo ensures consistent electricity supply to underserved regions, and disrupting this support may have social and economic repercussions. Lastly, the staff feel excluded from key decisions, raising suspicions that these reforms might prioritize private interests over the nation’s welfare. After careful analysis of the concerns raised by the staff group, we find their opposition to be both valid and critical to the future of Ghana’s energy security and affordability. In IES’ assessment, the proposed bill presents significant risks to the stability of Ghana’s power sector, and to VRA’s operational and financial health, especially regarding the separation of its thermal assets. Below are the key concerns and recommendations: Key Concerns
  1. To the extent that the allocation of hydro-generated power is determined by the Electricity Market Oversight Panel (EMOP), VRA’s flexibility in managing its customer base and financial health is restricted to exclude bilateral customers like the mines and the export market. Selling primarily to ECG and VALCO, both of which have delayed payments, could exacerbate VRA’s liquidity problems, as it would have limited options for recovering outstanding debts. Payment delays reduce VRA’s cash flow, making it difficult to invest in maintenance or expand operations, and increase its reliance on external borrowing, which could weaken its long-term sustainability.
 
  1. The staff groups have raised concerns that separating the thermal power assets of VRA from its hydro asset may lead to the gradual privatization of these critical assets. We support this concern, as thermal power generation forms a key pillar of VRA’s revenue. It is the revenue from unregulated thermal power sales that helps augment and stabilize cash flow for the VRA. If the proposed bill removes thermal assets from VRA’s control, it could jeopardize the organization’s financial viability, as it would lose a significant revenue stream.
 
  1. The Cash Waterfall Mechanism (CWM) is designed to ensure equitable distribution of revenue across the power sector. However, VRA receives a paltry 30% of what it is owed from power sales to ECG under the cash waterfall mechanism month-on-month. This represents a major threat to VRA’s liquidity, as it would be receiving less cash than needed to maintain operations and service its debts. If these liquidity challenges persist, VRA could face operational difficulties.
 
  1. VRA has highlighted that ECG and VALCO owe millions of dollars in unpaid bills, which exacerbates VRA’s liquidity challenges. With the current CWM generating a backlog of revenue entitlement to the VRA, this non-payment threatens the sustainability of the entire organization. The merger of ECG with NEDCo, without addressing these financial shortcomings, could make matters worse.
 
  1. In the context of the government owing independent power producers (IPPs) over US$2 billion, the financial health of an independent Thermal Power Authority is far from guaranteed. The creation of an independent Thermal Power Authority could exacerbate the existing financial burden on the government if it inherits the same capacity charge obligations. This could lead to strained relationships with IPPs and, in turn, compromise power reliability if the IPPs cut off supply due to non-payment.
  Recommendations
  1. We urge the government to conduct extensive engagement with all relevant stakeholders, including VRA staff, and industry experts, to ensure that the proposed changes are thoroughly vetted and understood by all parties. Transparent dialogue is essential to avoid potential pitfalls that could harm the sector, but rather ensure that the best interests of the nation are prioritized.
 
  1. VRA should retain control over its thermal power plants. These plants are crucial to VRA’s financial health and their removal would severely compromise the authority’s operational sustainability. We urge the government to reconsider the creation of an independent Thermal Power Authority.
 
  1. The government must urgently resolve the outstanding debt issues between VRA, ECG, and VALCO. These entities’ failure to meet their payment obligations has created a severe liquidity crisis for VRA, and this must be corrected before any structural changes are made.
 
  1. A thorough impact assessment should be conducted on the cost implications of merging VRA’s hydro assets with Bui Power Authority. Any move that risks increasing electricity tariffs must be reconsidered in light of the economic challenges facing Ghanaians.
 
  1. With the government currently owing independent power producers (IPPs) over US$2 billion, it is critical to address this debt before creating any new energy authorities. The IPPs play a crucial role in maintaining power supply, and any shutdown threats due to non-payment could severely affect the reliability of Ghana’s electricity supply.
 
  1. It is imperative to encourage competition and innovation in the distribution sector. As a result, the ECG and NEDCo should be allowed to operate independently for purposes of quality service delivery.
  While the proposed merger and restructuring of Ghana’s power sector may have its proponents, we believe that the risks far outweigh the benefits in its current form. The focus should be on stabilizing and strengthening the existing institutions such as the VRA, Bui Power Authority, ECG, and NEDCo, rather than dismantling them. We urge the government to reconsider the bill and work towards solutions that preserve Ghana’s energy security, affordability, and long-term sustainability.       Signed NANA AMOASI V11 EXECUTIVE DIRECTOR

Nigeria: NNPCL Sets September 15 To lift Petrol From Dangote Refinery

Michael Creg Afful
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0
Nigeria: NNPCL Sets September 15 To lift Petrol From Dangote Refinery
Nigeria’s National Oil Company Limited (NNPCL)  has set September 15, 2024, to commence lifting Premium Motor Spirit (petrol) from the Dangote Refinery. Adedapo Segun, the Executive Vice President of Downstream of NNPC Limited, disclosed this last Thursday. He stressed that the NNPCL was awaiting the September 15 timeline provided by the 650,000 barrels per day Lagos-based refinery. His comments comes as fuel scarcity lingers nationwide despite the recent price hike. Segun said that the NNPCL is collaborating with marketers to “ensure that stations open early but close late to maintain adequate fuel supply to meet the needs of Nigerians. “We are also engaging relevant authorities to ensure product diversions are prevented and timely deliveries to all stations are ensured. “The scarcity should ease in the next few days as more stations recalibrate and begin operations,” he announced to Nigerians. Recall that Dangote Refinery, on Wednesday, denied claims that the NNPCL had started lifting its petrol. This comes days after Aliko Dangote, the President of the Dangote Group, officially announced that his refinery had commenced production.     Source: https://energynewsafrica.com

Nigeria: Fuel Tanker Explosion Kills At least 48 People In Niger State

Michael Creg Afful
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0
Nigeria: Fuel Tanker Explosion Kills At least 48 People In Niger State
A fuel tanker collided with a trailer carrying travellers and cattle, exploded and killed at least 48 people in north-central Nigeria on Sunday, the disaster management agency said. Several other vehicles were also caught in the accident, it said. Local media reported that two of the other vehicles—a crane truck and a pickup van—were involved in the accident and caught in the fire. Abdullah Baba-Arah, Director-General, Niger Emergency Management Agency (NEMA), said the agency received a report of a deadly tanker explosion that occurred on Sunday at about 12:30 am along the Bida-Agaie-Lapai highway. Baba-Arab said initially 30 bodies were found. However, in a later statement, he said there were an additional 18 bodies of victims who were burned to death in the collision. Mr Baba-Arah said two other vehicles—a crane truck and a pickup van—were also involved in the multiple incidents. Over 50 cattle were also burnt alive. He said the dead had been given a mass burial. Mohammed Bago, Governor of Niger state, said residents of the affected area should remain calm and asked road users to “always be cautious and abide by road traffic regulations to safeguard lives and property.”   Source: https://energynewsafrica.com

South Africa:Green Capital’s Expansion In The South African Market

Michael Creg Afful
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0
South Africa:Green Capital’s Expansion In The South African Market
The Polish company Green Capital S.A., one of the leading firms in the renewable energy sector, has announced the dynamic growth of its operations in the South African market. Green Capital’s presence in South Africa, headquartered in Johannesburg, underscores its commitment to the development of the renewable energy sector and its desire to participate in the energy transition of a country facing significant challenges related to energy shortages and reliance on fossil fuels. The Green Capital team in South Africa consists of four highly qualified specialists with experience in the development of wind and solar energy. With a diversified portfolio of projects exceeding 1000 MW, Green Capital South Africa is becoming a key player in the local renewable energy sector, actively contributing to the country’s energy transformation. In July 2024, Green Capital signed five new land lease agreements in the Western Cape, Free State, and Gauteng provinces. This marks another step in realizing our ambitious plan, which includes projects exceeding 2000 MW. Mikołaj Kowalczyk, International Business Director at Green Capital, comments: “The South African market is very promising and full of potential, particularly in the context of the rapid development of the renewable energy sector. The country is struggling with severe electricity shortages, leading to temporary power outages that have a negative impact on the economy. According to observers, frequent power outages reduced real GDP growth by two percentage points in 2023. Currently, coal is the main source of energy in South Africa, which presents the country with the urgent challenge of transitioning to green energy. Green Capital plans to play a significant role in this process. We are pleased to see that the new government and the Minister of Energy in South Africa recognize the importance of renewable energy sources and are implementing favorable changes that support the development of this sector. “In the coming years, Green Capital plans to implement dozens of projects in South Africa, with about half of them already secured with locations and in advanced planning stages. Cooperation with landowners and adaptation to challenges related to the transmission network are key aspects of our strategy. “South Africa is grappling with transmission infrastructure issues, making it difficult to integrate new projects into the grid, so we are actively working on solutions to address this problem to meet the growing demand for green energy.” Green Capital is focusing its efforts on developing photovoltaic projects, particularly in the western part of the country, including the Western Cape province, and from Limpopo through Gauteng and Mpumalanga to the Free State. The company’s goal is not only to increase the share of renewable energy in South Africa’s energy mix but also to contribute to the country’s sustainable development and economic growth. Despite visible progress, the renewable energy market in South Africa faces numerous challenges, such as insufficient transmission network capacity and long project implementation times, which can currently exceed five years. Although investments in transmission network development are being made on a large scale, the pace of infrastructure expansion is not keeping up with the growing demand for its use. Additionally, landowners often hesitate to commit to long-term projects that will yield results only after several years. Green Capital is determined to accelerate the development of green energy and adapt its strategy to local needs, ensuring a future based on clean and renewable energy sources.     Source: https://energynewsafrica.com

Zambia: ZESCO Signs MoU With Chinese Firm To Develop Energy Projects To Solve Power Crisis

Michael Creg Afful
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0
Zambia: ZESCO Signs MoU With Chinese Firm To Develop Energy Projects To Solve Power Crisis
Zambia’s power utility company – ZESCO Limited – has signed a memorandum of understanding (MoU) with China Datang Corporation Limited, one of the largest energy suppliers in China, to develop energy projects in Zambia to address the power crisis being experienced by Zambians. The signing ceremony was witnessed by the President of Zambia, H.E. Hakainde Hichilema, in Beijing, China. ZESCO Limited has been rationing power due to shortfalls in power generation occasioned by drought which has limited water inflow into the Kariba dam. Some parts of the country receive power supply for only three hours, while others endure 24 hours without power. In a Facebook post after the signing of the agreement, President Hakainde Hichilema wrote: “We are determined to resolve this energy crisis. “We have directed both Zesco and China Datang to immediately get down to work so that we can address the current energy deficit. China Datang offers the kind of energy mix that our country requires to diversify away from our country’s dependence on hydro energy. “We have since concluded our mission here in Beijing and heading back home,” he concluded. Commenting on the agreement, ZESCO wrote: “This partnership underscores Zambia’s commitment to enhancing its energy infrastructure and diversifying its energy sources. “With this strategic partnership, Zambia is taking a significant step towards ensuring a reliable energy supply that will support economic growth and improve the quality of life for its citizens,” ZESCO said.     Source: https://energynewsafrica.com

Ghana: VRA, NEDCo Workers Hoist Red Flags To Protest Merger

Michael Creg Afful
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0
Ghana: VRA, NEDCo Workers Hoist Red Flags To Protest Merger
Staffs of the Volta River Authority (VRA) and the Northern Electricity Distribution Company (NEDCo) have hoisted red flags on their premises in protest at the proposed merger of some of the power sector agencies. The Government of Ghana, through the Ministry of Energy, has submitted a bill to Parliament for consideration. The bill is seeking to merge VRA and the Bui Power Authority (BPA) into one entity, and the Electricity Company of Ghana (ECG) and NEDCo into one entity. Besides, there will be the establishment of an Independent Thermal Authority to take over the running of all the thermal plants of VRA. However, this has triggered protests by the staffs of both VRA and NEDCo. The groups argue that these decisions are not in the best interest of Ghanaians and could have severe consequences for VRA and the nation. They declared that the proposed changes could undermine the contributions of VRA to the national grid and security. Speaking to William Asare, Senior Staff Chairman for VRA/NEDCo via telephone, he questioned the rationale behind the proposed plan. He told this portal that when the issue was highlighted by the media some time ago, they met their management and during the meeting the Board Chairman of NEDCo confirmed that a committee had been put together by the Energy Ministry to discuss the possibility of restructuring the energy sector. According to him, the Board Chairman vehemently denied knowledge of any bill seeking to merge VRA and NEDCo. He said the staffs of VRA and NEDCo hoisted red flags at all their offices across the country on Wednesday evening as a first step of many actions they would be taking. Mr Asare pointed out that there was a good reason why the Act that established VRA mandated it to diversify its energy sources in the future. He said the idea was for VRA to develop other energy sources because there could be erratic rainfall which could affect power generation from the Akosombo and the Kpong hydroelectric dams.       Source: https://energynewsafrica.com

Moldova Sets Ambitious Targets For Renewable Energy Transition

Michael Creg Afful
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Moldova Sets Ambitious Targets For Renewable Energy Transition
The Republic of Moldova has unveiled an ambitious plan to boost renewable energy production by offering a comprehensive set of investment incentives aimed at attracting foreign investors. Key measures include priority access to connection approvals for auction winners, long-term fixed-rate contracts for up to 15 years, and support mechanisms for both small and large-scale producers. The government has also secured significant external financing from international partners such as the EBRD and USAID to expand its energy infrastructure. With upcoming tenders for wind and solar projects, Moldova is creating a favorable environment for investors to capitalize on its growing renewable energy market The Importance of Renewable Energy for Moldova Moldova’s renewable energy strategy is a crucial step toward energy independence and sustainability. The country’s energy landscape has shifted considerably since 2022, following the conflict in Ukraine. As a result, Moldova rapidly connected to the European energy system and reduced its reliance on Russian energy supplies. The capital, Chișinău, is at the forefront of efforts to boost green energy production, marking a significant shift in the country’s energy policy. The Moldovan government recognizes the importance of energy security, and renewable energy is seen as a key solution to achieving both independence and a greener future. Moldova’s 2030 Renewable Energy Targets By 2030, Moldova aims to produce at least 30% of its electricity from renewable sources. The government has also set a goal to reduce greenhouse gas emissions by 70% compared to 1990 levels. As part of this strategy, Moldova is set to join the International Solar Energy Alliance (ISA), aligning itself with 98 countries committed to expanding solar energy production. In addition to these goals, Moldova has secured significant external financing, including tens of millions of US dollars from the European Bank for Reconstruction and Development (EBRD) and the U.S. Agency for International Development (USAID). This funding will support the construction of 300-kilometer energy interconnection lines with Romania, enhancing Moldova’s national energy system’s reliability and import/export capacity. Since March 2022, Moldova’s electricity system has been operating in parallel with Romania’s, following the implementation of new infrastructure that has strengthened the security and reliability of the national power grid. This development has also increased Moldova’s capacity for electricity imports and exports through the Moldova-Romania interconnection, enhancing the overall stability of the energy supply. Auctions and Business Opportunities in Renewable Energy Moldova is also opening its renewable energy market to large-scale investors through a series of tenders for renewable energy projects. The Ministry of Energy in Chișinău has announced that offers for these tenders will be accepted from September 2024 to January 2025. The Ministry has implemented measures to facilitate investor participation, including prioritizing connection approvals for large-scale renewable energy producers who win the auction. Additionally, new legislation is being developed to ensure competitiveness and efficiency in the approval process. “Not all investors will have the necessary connection approvals when they submit their auction bids. As an initial solution, we will prioritize granting connection approvals to large eligible producers who are selected as winners of the auction”, said Carolina Novac, State Secretary at the Ministry of Energy. “Additionally, when new connection approvals become available, these producers will be placed at the top of the waiting list.” In the long term, the Ministry of Energy plans to amend the electricity legislation to introduce a guarantee of good execution — capacity reservation — as a requirement for obtaining connection approval. “This provision is necessary to ensure both competitiveness and the proper organization of the process”, Novac emphasized. In 2023, the Ministry made significant changes to the promotion of renewable energy. The government introduced three key support mechanisms for green energy producers, guaranteeing the purchase of surplus energy delivered to the grid, helping them recover their investments:
  • Net metering was replaced with net invoicing on January 1, 2024, applicable to small producers with installations for personal consumption.
  • A fixed rate for 15 years is available for photovoltaic plants up to 1 Megawatt and wind farms up to 4 Megawatts.
  • A fixed price, also valid for 15 years, applies to photovoltaic plants larger than 1 Megawatt and wind farms larger than 4 Megawatts.
“We protect consumers by securing the best possible price while ensuring that investors receive the compensation they expect based on a competitive process”, said Victor Parlicov, Minister of Energy. Investing in Moldova’s Renewable Energy Future With the recent tender announcements, Moldova plans to add 105 MW for wind farms and 60 MW for solar parks to its current installed capacity. The capacity limit for obtaining prominent eligible producer status is set at 4 Megawatts for wind projects and 1 Megawatt for photovoltaic projects. The ceiling price has been established at 77.88 euros per Megawatt-hour for wind energy and 86.7 euros per Megawatt-hour for solar energy. The guaranteed fixed price will be determined through the auction process and cannot exceed the ceiling price of 1.5 Moldovan lei per kilowatt-hour for wind energy and 1.67 Moldovan lei per kilowatt-hour for solar energy, as set by the National Agency for Energy Regulation (ANRE), the central authority responsible for regulating and overseeing Moldova’s energy sector. Moldova has significant renewable energy potential, with estimates of 20,868 MW for wind energy, 4,648 MW for solar energy, 840 MW for hydro energy, and 850 MW for biomass. While maximizing these resources could allow Moldova to meet nearly all its energy needs during peak hours, the current gap between potential and actual green energy production is partially covered by import purchases from diversified sources:  Romanian Energy and Gas Market Operator (OPCOM),  Romania’s Hidroelectrica and Nuclearelectrica as well as Ukrhydroenergo from Ukraine through the state-owned company Energocom, Moldova’s central electricity supplier. By 2023, Moldova had achieved 348.3 MW of renewable energy capacity (132.7 MW of wind power, of which 115.3 MW net metering, 6.9 MW of solar power, 16.8 MW of hydropower, and 6.6 MW from biogas), and with the addition of 165 MW from the new tenders, the total capacity will reach 513.3 MW, bringing Moldova closer to meeting its daily energy production needs. Export Opportunities for Renewable Energy Producers Moldova’s renewable energy producers are not limited to the domestic market and are not obliged to deliver electricity solely to state-owned Energocom. Many producers have sold electricity to Ukraine and Romania, taking advantage of competitive prices in neighboring countries. “This summer, Moldovan producers sold energy on the stock exchange to Ukraine and to consumption partners in Romania. This is the commercial market; you produce a good and want to sell it at the highest possible price”, said Victor Binzari, Director of Energocom. He added that the capacities announced for bidding in Moldova are critical in the current situation. “According to the regulation, Energocom is obliged to buy green energy produced by investors. More energy produced in the country means less energy purchased from Moldgres [Moldova’s primary electricity producer, operating on Russian-supplied gas and located on the left bank of the Nistru River]. We no longer buy energy from abroad; instead, we buy energy produced in Moldova”, he concluded. With the expansion of its renewable energy infrastructure, Moldova is reducing its dependence on external energy sources. Energocom is committed to purchasing domestically produced green energy, reducing the need for imports and boosting national energy production.      

Sinclair Returns As Sankofa Acquires AOW Energy Event

Michael Creg Afful
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Sinclair Returns As Sankofa Acquires AOW Energy Event
Sankofa Events, led by respected energy executive Paul Sinclair – has acquired the AOW industry event – previously known as Africa Oil Week. With the AOW acquisition, Sinclair returns to take the helm of the summit that he helped build into Africa’s leading oil, gas and energy event and a crucial deal-making environment for governments and energy businesses alike. “I am proud and excited to lead AOW – an event I have much history with and a powerful brand I firmly believe in,” said Sinclair. “AOW has made extraordinary progress over the past few years, and I am determined to build on that and develop it even further. I look forward to seeing my friends from the African oil, gas and energy sector at the upcoming event in October.” The next AOW conference, titled AOW: Investing In African Energy, starts on October 7 in Cape Town, South Africa. For the past nine years, AOW has been managed by international exhibition and conference company Hyve Group. Hyve will remain on board until after this year’s event – the 30th edition of AOW – to provide support for Sankofa. “Paul knows the event extremely well, believes concretely in AOW’s purpose, and has an excellent knowledge of the sector,” said Hyve Group CEO Mark Shashoua. “Hyve will support Paul over the coming months, to ensure continuity for the AOW community. We are fully committed to delivering another fantastic event.” Sinclair has deep networks across the global oil, gas and industry. He served as vice president: energy for Africa Oil Week from 2017 – 2023, and also helped to launch the Green Energy Africa Summit, which has subsequently become part of the consolidated AOW event. He reassured investors that the conference will continue to provide a dedicated, vitally important engagement and dealmaking space for oil and gas stakeholders – particularly upstream players – offering engagement activities and opportunities for governments. “We are excited about the growth possibilities of this powerful property,” said Sinclair. “AOW already adds significant value to the energy sector, facilitating deal flow, partnerships and business growth in the African oil and gas space, as well as supporting the energy transition. We look forward to growing that impact, for the benefit of all stakeholders in the industry.”     Source: https://energynewsafrica.com

OPEC+ Countries Extend Voluntary Cuts

Michael Creg Afful
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OPEC+ Countries Extend Voluntary Cuts
The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023 have emphasized their collective resolve to ensure full compliance with the voluntary production adjustments. The group includes Iraq Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman held a virtual meeting on September 5th, 2024. In August 2024, Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Algeria, and Oman, conducted two ministerial discussions with Iraq and Kazakhstan. Both countries were urged to achieve full conformity and compensate for the overproduced volumes since January 2024. Iraq and Kazakhstan committed to engage with secondary sources to outline their plans for production adjustments to achieve compliance and meet the compensation schedules they submitted to the OPEC Secretariat on August 22nd. Iraq and Kazakhstan reinforced their commitment during the OPEC Secretary General’s visits in late August, conducted in coordination with Saudi Arabia’s Minister of Energy and the Chairman of the OPEC and non-OPEC Ministerial Meetings. During those visits, the OPEC Secretariat organized workshops with the secondary sources where both countries provided extensive details on the immediate and concrete measures they are implementing to achieve full conformity with the required production levels and to meet their compensation schedules for August and for September. These measures included advancing field maintenance plans and reducing production alongside with delaying and canceling spot sales for the month of August. Moreover, the countries committed to adjust compensation plans for any over produced volumes in August. In recognition of this strengthened resolve and renewed firm commitment, the eight participating countries have agreed to extend their additional voluntary production cuts of 2.2 million barrels per day for two months until the end of November 2024, after which these cuts will be gradually phased out on a monthly basis starting December 1st, 2024, according to the attached schedule, with the flexibility to pause or reverse the adjustments as necessary. The overproducing countries also reconfirmed their commitment that the entire overproduced volume will be fully compensated for by September 2025.     Source: https://energynewsafrica.com

Kenya: Kenya Power Restores Power Supply In Parts Of Kenya After Outage On Friday Morning

Michael Creg Afful
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Kenya: Kenya Power Restores Power Supply In Parts Of Kenya After Outage On Friday Morning
Kenya’s power utility company, Kenya power has announced restoration of power supply to some parts of the country that experienced power outage on Friday morning. At about 9:20 am on Friday, Kenya Power in a statement informed the country that it was experiencing power outage affecting several parts of the country, except sections of North Rift and Western Regions. However, in an update issued at about 11:55 a.m., the company said it has restored power supply to parts of North Rift, Western, Central Rift, Nairobi and Mt. Kenya. The company apologized to Kenyans, especially those in the affected areas for the inconveniences caused by the outage. It appealed to residents in areas that are experiencing outage to exercise patience as work is ongoing to restore power supply to them.   Source: https://energynewsafrica.com
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