Ghana: Tanzanian Energy Regulators Understudy NPA’s Operations

Tanzanian delegation from the Energy and Water Utilities Regulatory Authority is in Ghana to understudy the National Petroleum Authority (NPA) operations, especially the implementation of electronic systems for monitoring the movements of petroleum products in the West African nation. The delegation is to study the use of electronic tracking systems for road tankers, automatic tank gauges at the depots, the Enterprise Relational Database Management System (ERDMS) and the Command Centre. The delegation is led by the Tanzanian Director of Petroleum, Mr Gerald Maganga, with Kemilembe Kafanabo, Petroleum Supply Manager; Mtumwa Simba, ICT Manager, and Robert Kabwogi, Senior ICT Officer as members. Welcoming the delegation at the NPA on Tuesday, the NPA’s Chief Executive, Dr Mustapha Abdul-Hamid, said the UPPF was an important intervention that had ensured uniformity of petroleum products. He said the UPPF implementation had ensured that the transportation cost of fuel was not factored in the pricing regime, which had ensured that fuel products were sold at the same prices by respective OMCs in all the sixteen regions of Ghana. The NPA Boss expressed the willingness of the Authority to share its knowledge with the Tanzanian delegation. He stressed the need for African countries to increase partnerships to propel the socio-economic development of the continent. In his remarks, Mr Gerald Maganga said the delegation was ready to learn from the NPA and replicate the best practices in Tanzanian to ensure efficiency in the energy sector. He thanked the NPA for the warm reception and recalled a similar learning opportunity offered to the team during its last visit to the Authority in April 2024.     Source: https://energynewsafrica.com

Nigeria: Woes Of TCN Deepen As Vandals Attack Its Power Transmission Infrastructure

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Despite continuous appeal by the Transmission Company of Nigeria (TCN) to vandals to stop attacking its power transmission infrastructure in order to guarantee reliable electricity supply to a little over half of the 210 million population that have access to grid connected power, it appears the appeals have fallen on deaf ears. While officials of TCN are yet to be healed from the emotional torture they are going through at the hands of Nigerians who feel they are not up to task in guaranteeing them reliable and stable power supply, the power transmission company has reported yet another attack on its Ahoada-Yenagoa 132kV line, which is currently under repair due to previous vandalism. The Public Affairs Manager of TCN, Mrs Ndidi Mbah, confirmed the latest attack in a statement issued on Friday, November 22, 2024. According to her, the attack by the vandals occurred on November 19, 2024. The attack affected towers 29 to 31 and this resulted in the theft of approximately one-third of the conductor. Ndidi Mbah said a team of TCN engineers, led by Engr. Emmanuel Akpa, General Manager of the Port Harcourt Region, conducted an inspection of the site noting that preliminary findings indicated that the incident occurred at night. “In an attempt to prevent further theft while repair arrangements are being made, local security has been engaged at Ula Ikata in Ahoada East LGA to secure the site until repairs are completed. Additionally, the line will be energised from the Ahoada end as a preventive measure. “Efforts to replace the stolen 250mm conductor are currently underway. Despite challenges posed by difficult terrain and flooding, the restringing of the Ahoada-Yenagoa 132kV line is approximately 85% complete,” she said. Earlier in November, vandals also attacked transmission towers in the Okada and Ofosu communities along the 330kV Benin-Egbin and Benin-Omotosho transmission lines. A total of 31 towers were affected in this incident. The vandalised towers which suffered significant damage, with critical components removed, were discovered by TCN linesmen during a routine patrol. TCN engineers from the Benin sub-region have initiated repairs to prevent the collapse of the affected towers and to avoid disruption of bulk power supply. These incidents underscore the urgent need to combat the growing problem of vandalism and theft affecting Nigeria’s power infrastructure. TCN called on the public to support efforts to address these crimes, which have significantly hampered the expansion and stability of the national grid. As TCN intensifies its efforts to protect installations, we appeal to security operatives and local communities to be more vigilant in safeguarding power infrastructure in their areas.       Source: https://energynewsafrica.com

Nigeria: Mainstream Foundation Rehabilitates Madaki School In Zungeru

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Mainstream Foundation, the philanthropic arm of Nigeria Mainstream Energy Solutions Limited, has inaugurated the newly renovated and equipped Madaki Primary School in Zungeru. This maiden intervention project showcases the Foundation’s determination to revolutionize the socio-economic landscape of the community after the takeover of operations at the hydropower plant. The Madaki Primary School was built in 1990 and like many public primary schools had been plagued by infrastructural decay, but Mainstream Foundation’s intervention has breathed new life into it. At the inauguration ceremony, dignitaries including representatives of the Emir of Kagara, the Emir of Minna and the Local Government Chairman of Wushishi were present to witness the transformative work carried out on the school. A statement issued by the Head of Corporate Communications, Olugbenga Adebola, quoted the Chairman, Board of Directors for Mainstream Energy Solutions Limited, Col Sani Bello (RTD), emphasising the importance of education in shaping the future of children. He quoted the Chairman as stating that “times are changing, and only the educated can take part in changing the future,”  Col Bello urged the stakeholders to ensure children remain in school. The Executive Secretary of Mainstream Foundation, Mr Siraj Abdullah, reiterated the Foundation’s commitment to community development, stating; “We want to assure the Chairman and the people of the community, that this work given to us will not stop until it is achieved.” He stated this while taking time to thank the civil project team of the Foundation, acknowledging the hard work put into making the inauguration a reality. Mainstream Foundation’s intervention in the school extends beyond improving the infrastructure and providing furniture as the teachers have also been earmarked for training to provide holistic teaching and learning improvement. This approach underscores the Foundation’s dedication to creating a lasting impact. As Mainstream Foundation continues to transform the landscape of Zungeru, its focus on education, environment, health and community empowerment serves as a shining example of responsible corporate citizenship. With projects like Madaki Primary School, the Foundation is rewriting the narrative of community development in that geographic corridor.     Source: https://energynewsafrica.com

Kenya: President William Ruto Orders Cancellation Of Airport, Power Deals With Adani Group After US Corruption Charges

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Kenyan President William Ruto has ordered the cancellation of a procurement process that was expected to award the control of the country’s main airport to India’s Adani Group after its founder was indicted in the United States. Under the proposed deal to expand the main Nairobi Airport, Adani was to add a second runway at the Jomo Kenyatta International Airport and upgrade the passenger terminal. “I have directed agencies within the Ministry of Transport and within the Ministry of Energy and Petroleum to immediately cancel the ongoing procurement,” Ruto said in his State of the Nation Address, attributing the decision to “new information provided by investigative agencies and partner nations”. An Adani Group firm signed a 30-year, $736-million public-private partnership deal with the Energy Ministry last month to construct power transmission lines in a separate project. Kenya’s Energy Minister, Opiyo Wandayi, said on Thursday that there was no bribery or corruption involved in the award of the transmission lines contract. Ruto’s announcement was met by applause from lawmakers present in parliament where he gave his address. Representatives from Adani Group did not immediately respond to a request for comment. U.S. authorities alleged on Wednesday that Adani Group founder Gautam Adani, one of the world’s richest people, and seven other defendants, had agreed to pay about $265 million in bribes to Indian state government officials for getting projects. The Adani Group denied the allegations and said in a statement that it would seek “all possible legal recourse.” The airport proposal was made public in July, after it was leaked on social media four months after it was made. In September, a Kenyan court temporarily blocked a proposed airport lease deal, which would have run for 30 years in exchange for expanding it.     Source: https://energynewsafrica.com

Benin Unveils Ambitious Climate Action Framework At COP29 To Drive Green Transition And Sustainable Development

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The Government of Benin, in collaboration with international financial institutions and development partners, has launched (on 15 November) an ambitious climate action framework to accelerate the country’s green transition and support sustainable development. Unveiled at this year’s United Nations Climate Conference (COP29) in Baku, Azerbaijan, several new initiatives encompass a carbon monetization mechanism, innovative credit instruments, a common policy matrix, and advanced financing strategies. These efforts underscore Benin’s commitment to unlocking climate finance for transformative impact. This multifaceted framework is designed to mobilize both public and private sector resources to address Benin’s climate adaptation and mitigation priorities, supporting the nation’s sustainable development goals (SDGs) and Nationally Determined Contributions (NDCs) while preserving debt sustainability. Romuald Wadagni, Senior Minister at the Ministry of Economy and Finance of Benin stated: “With strong support from our partners, Benin is translating climate goals into concrete action…Leveraging our experience in international capital markets, like our 2021 SDG bond framework, we aim to unlock private investment to drive climate action. By harnessing innovative financing, we are transforming our ambitions into concrete results that will advance adaptation and mitigation efforts.” He added: “It is a commitment to a sustainable, resilient future that will resonate beyond Benin’s borders for the greater benefit of our planet.” Benin has a proven track record in climate policy and financing, supported by $1.4 billion from the World Bank Group’s International Development Association (IDA) and an additional $200 million from the IMF’s Resilience and Sustainability Facility (RSF). These financial commitments, alongside a €195 million partial credit guarantee from the African Development Bank, lay the foundation for Benin’s pathway towards a low-carbon, climate-resilient future. In a joint Climate Finance Roundtable co-convened by the IMF and the World Bank Group in July 2024, the Government of Benin and its development partners expressed full commitment to reinforcing Benin’s efforts in addressing climate change by supporting the country in establishing a climate finance country platform through further catalyzing financial resources. The estimated financing gap to achieve the goals set in Benin’s NDCs is about $10 billion by 2030. Following this roundtable, the partners have been working on financing options and technical assistance to boost Benin’s efforts to enhance its climate action. Key Climate Action Streams:
  1. Carbon Monetization Mechanism with Enhanced Credit Instruments
Benin is implementing a carbon monetization strategy backed by 2.5 million carbon credits from energy and regenerative agriculture projects. Managed by the National Carbon Registration Authority, these efforts are supported by the Global Green Growth Institute and Luxembourg, with proceeds channeled to support adaptation and mitigation initiatives in alignment with Benin’s NDCs.
  1. Enhanced Budget Support through a Common Policy Matrix
Following the Climate Finance Roundtable, a three-year framework has been established with the World Bank Group, African Development Bank, AIIB, and OPEC Fund to coordinate budget support for scaling climate financing in Benin. A common policy matrix, developed with IMF input, will also be established to enhance aid effectiveness, streamline policy reforms, and spur climate action.
  1. Attracting Private Investment through Innovative Financing
Through the World Bank Group’s Guarantee Platform, Benin has secured a €200 million guarantee to mobilize €500 million in long-term financing climate resilience projects, with additional support from the European Union to strengthen its green bond market to attract institutional investment in green projects.
  1. Establishing a One-Stop Window for Local Financial Access
In collaboration with the World Bank, International Finance Corporation, Global Green Growth Institute, and the West African Development Bank, Benin is setting up a finance platform to facilitate lending to local banks and microfinance institutions. This initiative is expected to enable long-term investments by small and medium enterprises, fostering local business growth aligned with green investment objectives.       Source: Africa Development Bank

Africa’s Agenda At COP29

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The African Group of Negotiators and leaders came to COP29 with a bold call for equitable climate finance, stronger global partnerships, and urgent action to address the climate crisis. Their message emphasizes Africa’s role in global climate solutions while demanding accountability and meaningful progress from the international community. The negotiators are calling for an ambitious new climate finance target of $1.3 trillion annually by 2030, reflecting the scale of the continent’s needs and the $3 trillion estimated to implement its Nationally Determined Contributions (NDCs). Among the least responsible for global emissions, the continent suffers some of the most severe impacts of climate change, losing an average of 5% of GDP annually to climate disruptions. This agenda follows months of hard work by the African Group of Negotiators, supported by the Economic Commission for Africa (ECA), the African Union Commission, the African Development Bank, and AUDA-NEPAD. These institutions collaborated to ensure the continent arrived at COP29 with a unified strategy addressing climate finance, renewable energy, and nature-based solutions. ECA played a key role in refining countries’ NDCs and bringing stakeholders together to align positions. Regional consultations ensured that governments, youth, and private sector voices shaped Africa’s priorities for the negotiations. A central focus of the continent’s agenda is equitable climate finance. Many African nations spend more on servicing debt than on healthcare or education. Leaders are calling for financial reforms to make funding accessible, affordable, and timely. The Loss and Damage Fund, established at COP28, is a critical piece of this effort. Operationalizing the fund would provide essential resources to countries already suffering from floods, droughts, and rising sea levels. Africa’s natural resources, particularly the Congo Basin, are a significant focus. The basin absorbs 1.5 billion tons of carbon annually and has sequestered 31 billion tons to date. Without adequate protection, this critical resource risks releasing its stored carbon into the atmosphere. The undervaluation of Africa’s carbon credits only compounds this challenge. Currently, carbon credits from Africa sell for as little as $5 per ton in voluntary markets, compared to over $80 in regulated markets. African leaders are advocating for a comprehensive framework to guide compliance markets, ensuring transparency and credibility in carbon trading. The continent is also showcasing its solutions. It has immense renewable energy potential, with abundant solar, wind, and hydropower resources. Investments in renewable energy projects are already underway, from Morocco’s solar farms to Kenya’s geothermal energy initiatives. Expanding these projects could cut emissions, create jobs, and power industries. Nature-based solutions are another pillar of the continent’s approach. Initiatives like afforestation, reforestation, and the protection of mangroves play a dual role—capturing carbon while preserving biodiversity. The Congo Basin, often referred to as the planet’s lungs, is central to this strategy. African nations are calling for investments that align with conservation goals and provide financial returns. Agriculture remains at the forefront of discussions. The livelihoods of millions depend on farming, yet extreme weather and droughts are disrupting harvests. Leaders are championing climate-smart practices such as drought-resistant crops and efficient irrigation systems to strengthen food security. African leaders have also recognized the need for internal reforms. Strengthening governance and ensuring transparency in climate financing are critical to maximizing the impact of resources. Regional partnerships are being bolstered to ensure resources are shared and used efficiently. Claver Gatete, United Nations Under-Secretary-General and Executive Secretary of ECA, emphasized the cost of delay, stating, “The cost of inaction is far greater than the investment required to build a resilient and prosperous future for Africa.” The continent has presented its priorities and solutions. It has demonstrated leadership in renewable energy, conservation, and climate finance. The question remains whether global partners will act decisively to meet these challenges.     Source: UNECA

Shanghai Electric Empowers Africa’s Industrialization With Accumulated 28 Power Supply Projects Put Into Operation

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Celebrating its 17-year journey in Africa, Shanghai Electric (SEHK:2727, SSE:601727) is proud to have contributed to the industrialization and development of the region’s power infrastructure. Since 2007, the company has successfully completed 28 power supply projects across African countries, constructing 1,457.16 kilometers of transmission lines and 51 power plants and substations. These achievements have delivered reliable electricity to millions, driving industrial progress and improving livelihoods in the vivid Africa. “Industrialization in Africa is spurring unprecedented growth in energy demand. The foundation of power supply is not only critical to development but also to ensuring people’s livelihoods. Shanghai Electric is honored to collaborate with African partners to build a modern and thriving continent,” said Yang Xinghai, a senior executive at Shanghai Electric. Powering Africa: A Journey of Growth and Innovation Over the past 17 years, Shanghai Electric has expanded its footprint from North Africa to East and West Africa, developing and highlighting a diverse range of transmission and distribution projects, among others:
  • Djiboutis Railway Electrification (2014): Shanghai Electric constructed a 230kV substation and 83.85 kilometers of transmission lines to supply power to the Addis Ababa-Djibouti railway. By offering an innovative dual-end power source solution, the project ensured efficient and reliable electricity for railway operations. Additional contributions in Djibouti include multiple substation upgrades and expansions, including the Doraleh Substation, Ghoubet Substation, Marabout Substation, and Palmeraie Substation transformer expansion projects, as well as the 63KV high-voltage line linking the capital’s two main stations (Boulaos and Marabout).
  • Ethiopias Transmission Network (2008): Shanghai Electric has delivered eight major EPC projects in Ethiopia, including the BBDA 400kV transmission line project, Renaissance Dam transmission systems, and the Ethiopia-Djibouti railway power supply. The cumulative effort includes 1,115 kilometers of high-voltage transmission lines and 11 substations.
  • Angolas Urban Revitalization (2020): Shanghai Electric modernized the medium- and low-voltage power grids in Huambo and Caála, benefiting one million residents and over hundreds of enterprises with improved and stable electricity access.
  • Nigerias Grid Modernization: In Lagos, Shanghai Electric upgraded ten aging substations, significantly enhancing the reliability of electricity for both residential and commercial users. Additionally, it completed two critical 330/132kV and 132/33kV substations, Egbin Substation and Makogi Substation, in northern Nigeria, benefiting over 500,000 residents.
Building Local Capacity and Creating Opportunities Shanghai Electric recognizes the importance of investing in local talent to support Africa’s long-term industrialization goals. In Ethiopia alone, the company has trained over 500 technicians and workers since 2008, equipping them with skills in installation, testing, and operations. This hands-on training has empowered local workers with expertise, improving their competitiveness and contributing to the country’s power sector development. Beyond workforce development, Shanghai Electric actively employs local talents, generating significant employment opportunities and fostering economic growth. Through these initiatives, workers gain practical experience in advanced engineering and project management, laying a strong foundation for their future careers. Ethiopian team member Natnael Girma Moges, a customs clearance officer who joined Shanghai Electric in 2012, reflected on his experience: “Being part of this team is deeply rewarding. Every project we complete brings positive change to my community and my country.” As Africa continues its journey toward achieving the African Union’s Agenda 2063, Shanghai Electric remains committed to providing innovative energy solutions and fostering sustainable development. By working closely with local governments and industry partners, Shanghai Electric envisions a brighter, electrified future for Africa.   Source: Shanghai Electric

Ghanaians Likely To Experience ‘Intense’ Load Shedding

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Ghanaians are likely to experience ‘intense’ load shedding as three of the independent power generators have allegedly planned to shut down their power plants over unsustainable debt owed them by the largest power distribution company – Electricity Company of Ghana (ECG). The independent power generators contribute more than 60 per cent of the power produced in the West African nation. Already, the largest Independent Power Generator, Sunon Asogli Power Ghana Limited, has shut down its 560-megawatt combined-circled power plant over $259 million debt owed them by ECG. Since the shutdown of Sunon Asogli Power Plant in October, Ghanaians have been experiencing power outages, especially from 6 p.m. through to midnight each day. At times, when power goes off at 6 p.m., it returns by 11 p.m. or the following day. This has been going on for more than a month even though there is no official statement from ECG. On Tuesday, November 19, 2024, Dr. Elikplim Kwabla Apetorgbor, Chief Executive Officer of Independent Power Generators, Ghana warned that the power situation in the country could worsen as three independent power generators have also given indication of shutting down their power plants over unsustainable debt. According to him, the three independent power producers (IPPs) are likely to shut down their plants by either Friday or Monday. “We are up to date with our numbers, so we know what we are talking about. The government does not even know how to account for the power sector figures,” he said. Independent checks by this portal indicate that the IPPs are not happy with the level of indebtedness to them by ECG. Data obtained by this portal showed that key plants like Aksa which generates about 370 MW and Karpower Plant which produces 450 MW generated less than 100 megawatts each last night. Other plants also  generated less of their capacity. Meanwhile, speaking on Accra-based Joy FM’s midday news on Tuesday, the former Deputy Minister for Energy, Andrew Egyapa Mercer, dismissed claims that load shedding is being implemented. According to him, although the government through the Ministry of Finance has been negotiating with the IPPs over the debt owed them, there is nothing like generation shortfall to warrant any load shedding. In his view, all is well with the power sector and urged those predicting doom to desist from it. “I don’t have any information that suggests that there is load shedding. So I am wondering where they are getting that information from. “I am on a platform that posts daily supply forecast demand and I have not seen any information from the value chain that there is outage,” he told the hostess, Emefa Apau.         Source: https://energynewsafrica.com

Tesla Recalls More Than 57,000 Cybertrucks In 2024

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Marketed as a durable, rugged vehicle, Tesla’s (NASDAQ: TSLA) Cybertruck has faced persistent criticism over performance issues, including breakdowns under basic conditions like rain, ever since its release. Considering the growing reputation, it may come as no surprise that Finbold’s research found Tesla might have been forced to recall up to 57,332 Cybertrucks since the start of 2024 – an average of 172 units per day since January 1. In total, there have been five recalls affecting the Cybertruck specifically in 2024, and one that was listed as potentially affecting more than 2 million Tesla vehicles across multiple models dating as far back as 2012. The first of the Cybertruck-specific issues was announced on April 17, 2024. The recall was due to the danger of the accelerator pedal getting ‘trapped’ if ‘high force’ was applied to it, per Tesla’s official announcement. The EV maker offered free corrections for the pickup and estimated the fix would take approximately 15 minutes. In total, 3,878 may have been affected, per the data available on the National Highway Traffic Safety Administration (NHTSA) website. On June 19, Elon Musk’s EV maker issued two recalls due to potential issues with Cybertruck’s front wiper, and a trim piece called the sail applique. The first of these could have led to the front wiper motor malfunctioning. It was described as a free, 30-minute fix, affecting 11,688 vehicles at most. The second was a problem with how the trim piece was attached, which could lead to it falling off. It potentially affected a slightly greater number  – 12,150 – Cybertrucks, but again, it was described as a fix that would take 30 minutes at most. Lastly, the most recent recall  – and the last one to require physical intervention – occurred on November 5. It sought to resolve a problem in the drive inverter that could lead to a loss of power. It was another fix administered free of charge but also the lengthiest intervention, as Tesla estimated it would take approximately three hours. Data retrieved from NHTSA also revealed that as many as 2,431 Cybertrucks may be suffering from the issue. In September, Tesla issued its first over-the-air (OTA) firmware update correction for Cybertrucks in 2024. This update, announced on the 26th day of the month, was designed to resolve a problem with the rearview camera that could have led to a display delay once the truck was set in reverse. The September 26 recall is particularly interesting both because it is an OTA fix and because of the large number of vehicles affected – 27,185. Indeed, there is a possibility the update inadvertently revealed the total number of Cybertrucks shipped between November 13, 2023, and September 14, 2024. Due to Tesla Motors staying tight-lipped about the actual number of Cybertrucks sold, the recalls have been used throughout the year to estimate the likely total number of these pickups sold. The June recalls in particular, were at the time seen as an admission of the sales figures to their size relative to other such announcements. Still, there are some problems with using the NHTSA safety data to gauge how many units were shipped to customers. For example, nearly all of the recalls affected Cybertrucks manufactured after November 13, but the latest announcement – November 5, 2024 – demonstrated that at least some of the models were made as early as November 6, 2023. Finally, it is worth pointing out that the figures provided on the NHTSA website represent the potential maximum number of affected vehicles, and the actual number of Cybertrucks suffering from the described issues could be significantly lower. Despite the recall rate potentially approaching 200%, the situation might prove similar to the broader reputation of Tesla cars as spontaneous combustion engines. The actual number of instances in which Tesla vehicles caught fire for no apparent reason is minuscule compared to what the public perception and online representation suggest.     Source :Andreja Stojanovic

Ghana: President Akufo-Addo Commissions 200 MW Power Plant In Tema

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The President of Ghana, Nana Addo Dankwa Akufo-Addo, has commissioned a 200-megawatt combined-circled power plant in Tema in the Greater Accra Region under the partnership of Early Power Limited and Endeavor Energy, an independent power generation company. The capacity of the plant will be expanded to about 590 megawatts in the near future, and it is expected to cost about $1.2 billion dollars. The President was joined by the US Ambassador to Ghana, Her Excellency Virginia Palmer, and other government officials to commission the plant. President Akufo-Addo described the project as a significant step forward in securing Ghana’s energy independence and providing reliable electricity needed to drive economic growth, industrialisation and national development. “This project stands as a testament to our resilience and ambition. It represents a shift away from the energy crises of the past, particularly the difficult years of dumsor between 2012 and 2016, which disrupted lives and livelihoods. Today, we send a clear message: Ghana will no longer be held back by energy shortages. The Bridge Power Station provides critical megawatts to the national grid, ensuring greater power stability for homes and businesses alike,” he said in a post on Facebook. According to President Akufo-Addo, reliable electricity is the backbone of national development—it powers industries, illuminates classrooms and supports hospitals. According to him, the impact of this facility extends far beyond industry, adding that “it enables hospitals to deliver life-saving care, schools to prepare our future leaders, and rural communities to thrive.” The Bridge Power Station, he said, is also a step towards sustainability, showcasing our commitment to an efficient energy mix, with lower carbon emissions. This achievement reinforces our dedication to building a greener, healthier future for generations to come. “As we celebrate this monumental milestone, let us remember that reliable power fuels opportunity, prosperity, and dignity for every Ghanaian. Together, we will continue to build a self-sufficient and globally competitive Ghana.” He expressed gratitude to the American partners and Her Excellency Virginia Palmer, the U.S. Ambassador to Ghana, for their steadfast support and presence at the commissioning of the project.     Source: https://energynewsafrica.com

Nuclear Power In The COP29 Spotlight As Countries And Companies Eye Climate Solutions

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Nuclear power is in the spotlight at the United Nations Climate Change Conference (COP29) in Azerbaijan, where both countries and industries presented plans to deploy the carbon-free energy technology, building on the historic consensus to accelerate its use that emerged from last year’s climate summit. Reaching global decarbonization targets by 2050 will require a significant expansion of nuclear power. This was acknowledged at the first Nuclear Energy Summit in March 2024 as well as in the Global Stocktake at COP28 and the pledge by more than 20 countries to seek to triple nuclear capacity. But to get there, capital is urgently needed, said IAEA Director General Rafael Mariano Grossi. “Finance institutions need to evolve with the changing demands of the market—and there’s a clear demand for and growing interest in nuclear,” Mr Grossi said at a high-level event co-hosted by the COP29 Presidency and the IAEA that focused on financing low-carbon energy projects including nuclear power. The high-level event featured speakers including Mr Grossi and Parviz Shabazov, Minister of Energy of Azerbaijan; Herbert Krapa, Deputy Minister of Energy of Ghana; Fatih Birol, IEA Executive Secretary; Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA); Tatiana Molcean, Executive Secretary of the United Nations Economic Commission for Europe (UNECE); Mark Bowman, Vice President for Policy and Partnerships, European Bank for Reconstruction and Development (EBRD); Sama Bilbao y Leon, Director General of the World Nuclear Association; and Seth Agbeve, Director of Renewable Energy at the Ministry of Energy of Ghana. The event followed the signing of a memorandum of understanding by the IAEA and Azerbaijan in which the Agency agreed to provide energy planning capacity building services, including a joint analysis under the Atoms4NetZero initiative on the potential role of nuclear energy in Azerbaijan’s clean energy transition. Noting the importance of nuclear energy for Azerbaijan’s future, Azerbaijan Minister of Energy Parviz Shahbazov said at the event that “Azerbaijan sees opportunities for nuclear energy to be part of its energy mix in the future, as clean energy.” Mr. Grossi signed cooperation agreements with several organizations at COP29. The company LinkedIn agreed to support capacity building in the nuclear sector with training, data insights and networking. The IAEA and IRENA agreed to cooperate on joint missions, training, data sharing and case studies to support energy planning and clean energy goals. The European Bank for Reconstruction and Development and the IAEA agreed to cooperate on nuclear safety, decommissioning, environmental remediation and nuclear energy.     Source: IEA

UK Energy Regulator Eyes Up To $10.2 Bln Fund To Aid Green Targets

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Britain’s energy regulator Ofgem said on Wednesday it had begun consultations over a new investment fund of up to 8 billion pounds ($10.16 billion) that could help the country’s net zero prospects and aid energy transmitters to cut delays and costs. The proposed fund, worth between 5 billion pounds and 8 billion pounds, would provide allowances for transmission owners to buy in advance equipment such as switchgear, cables and steel, thereby accelerating deliveries of projects, Ofgem said. The regulator also added that the fund, consultation for which will run until Dec. 18, would help the government achieve clean power by 2030, and net zero targets eventually, among other things. The consultation comes after Ofgem said last month it would offer developers of renewable energy storage projects a guaranteed minimum income to spur investment in technologies that would help Britain meet its climate targets. Ofgem has proposed that it would be clear in its rules to ensure that the latest fund is used only for intended purposes, and that any unused allowances would be returned to consumers so as to minimise any impact on their energy bills.   Source: Reuters.com

Ghana: Herbert Krapa Confirmed Energy Minister

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Ghana’s President Nana Akufo-Addo has appointed Mr Herbert Krapa as the substantive Minister for Energy after five months of being the Minister of State at the Energy Ministry. His appointment is effective 19th November 2024, a statement issued by Eugene Arhin, Director of Communications at the Presidency, said. Mr Krapa previously served as Deputy Minister for Energy and Board Chairman of the Electricity Company of Ghana. According to the President, Krapa had distinguished himself and contributed significantly to the progress and stability of Ghana’s Energy sector. About Herbert Krapa Herbert Krapa is a governance and legal expert who served as the Government’s Spokesperson on Governance and Legal Affairs at the Ministry of Information until December 2020. He is an astute lawyer, called to the Ghana Bar in 2017, with experience in Trade and Investment Law, Commercial Law and Debt Restructuring, among others. He previously worked as a lawyer at Africa Legal Associates, a reputable law firm in Ghana. Krapa holds a Bachelor of Laws Degree from the University of Ghana and a Masters of Laws Degree from the London School of Economics and Political Science, UK, where he specialised in International Finance, Secured Financing, International Commercial Arbitration and Corporate Crime. He also holds a Masters of Science Degree in Development Finance from the University of Ghana Business School and a Certificate in Human Rights Law from Fordham University in New York. He is a lecturer at the University of Ghana School of Law where his research focuses on both legal philosophy and global constitutionalism. Herbert Krapa is a member of the Ghana Bar Association, the Programme for African Leadership and the Criminal Justice Reform Ghana. CREDENTIALS MSc (Development Finance) – University of Ghana Business School, Legon, Accra, Ghana Masters of Laws – London School of Economics and Political Science, London, UK Certificate (Human Rights Law)- Fordham University, New York, USA BL – Ghana School of Law, Accra, Ghana Bachelor of Laws – University of Ghana School of Law, Accra, Ghana BSc (Agricultural Science)- Kwame Nkrumah University of Science and Technology, Kumasi, Ghana MEMBERSHIP OF PROFESSIONAL ORGANISATIONS Ghana Bar Association Programme for Africa Leadership Criminal Justice Reforms.

Ghana: NPA Commissions Call Centre

The Chief Executive of the National Petroleum Authority (NPA), Ghana’s downstream petroleum regulator, Dr. Mustapha Abdul-Hamid, has commissioned a call centre for the Authority to increase efficiency and timeous handling of customer complaints and inquiries. The call centre under the Consumer Services Unit of the Corporate Affairs Directorate of the NPA has ten agent lines and software portals, including that of a supervisor that customers can call for complaints or inquiries. Upon receiving the calls, the agents will relay the complaints or inquiries to the relevant technical directorate for investigations and feedback. Commissioning the call centre on Monday, Dr. Abdul-Hamid noted that the Consumer Services Unit already had officers assigned to receive complaints and inquiries. He said the establishment of the call centre was to assure customers of rapid response to their complaints and inquiries. The NPA Boss stressed that the center would deepen interaction with the public. He charged the call centre agents to be ready and alert to receive calls and channel the complaints and inquiries to the relevant directorates for action. He said he did not want a situation in which people would prefer reporting their concerns to radio stations instead of regulatory institutions. In her remarks, the Director of Corporate Affairs of NPA, Mrs. Maria Edith Oquaye, said consumer services officers had undergone a call centre training tailored towards preparing them to ensure efficiency in their work. Mrs. Oquaye assured customers that the officers would deliver quality service.     Source: https://energynewsafrica.com