Nigeria: IBEDC Achieves Supply Milestone For Band A Customers For Two Consecutive Months
The Ibadan Electricity Distribution Company (IBEDC) has successfully provided a cumulative minimum of 620 hours of electricity supply to its Band A customers over the past two months.
This achievement was confirmed during a performance evaluation period monitored by the Regulator, the company said in a statement.
Starting with an initial 30 Band A feeders in April, IBEDC received approval from the Regulator to upgrade an additional 30 feeders later in April, another 30 in May, and 15 more feeders subsequently, bringing the total to 83 feeders. These feeders are categorized as follows: 34 11kV and 49 33kV.
The Acting Managing Director, Engr. Francis Agoha, stated, “IBEDC remains committed to meeting the service delivery expectations of all our customers across various tariff bands.
We continue to enhance our network upgrades within our coverage areas to ensure consistent and reliable electricity supply, in addition we are working assiduously to ensure power supply to other bands improve significantly”.
“IBEDC’s dedication to service excellence and continuous improvement underscores our mission to provide reliable and efficient electricity to our valued customers.
“We appreciate the support of our customers and the Regulator in achieving this significant milestone,” he concluded.
Source: https://energynewsafrica.com
Zambia: Electricity Will Be Restored To Muchinga, Luapula Northern, Eastern, And Central Provinces Late Night-Zesco Limited
Zambia’s power utility company Zesco Limited says it will restore power supply to Muchinga, Luapula, Northern, Eastern, and Central provinces of Zambia by 22:00 today due to some unforeseen circumstances.
Power supply to the provinces was disrupted on Wednesday, 19 June 2024, at 06:00 hours to facilitate the second phase technical commissioning of the second 330kV Kabwe Step Down – Pensulo Transmission Line.
The first phase of the technical commissioning was successfully completed on Sunday, 16 June 2024.
Zesco anticipates to restore power supply to the affected provinces by 22 hours this evening, the company said in a statement.
The Corporation sincerely apologised to its customers for the inconvenience caused by the delayed power supply restoration.
Zesco urged the public to treat all power supply lines to be live at all times, as power supply could be restored earlier than stated.
The 330kV Kabwe Step-Down to Pensulo Transmission Line is an added power transportation corridor to the northern part of Zambia, and is part of the Zambia – Tanzania – Kenya interconnector, the much anticipated power trading corridor between Southern and East Africa.
Zambia is to benefit from power imports from Tanzania and other East African countries once the interconnector is complete.
Source: https://energynewsafrica.com
Angola: Chevron Signs Contracts For Ultra-Deepwater Blocks Amid Attractive Policies
Multinational energy corporation Chevron has signed two Risk Service Contracts (RSC) for Block 49 and Block 50, located in the ultra-deep waters of Angola’s Lower Congo Basin.
The company – through its Angolan subsidiary Cabinda Gulf Oil Company Limited – was initially awarded the concessions by way of Presidential Decree in January 2024.
The signing of the RSCs kicks off exploration and lays the foundation for the development of the blocks.
As the voice of the African energy sector, the African Energy Chamber (AEC) commends the recent signing by Chevron in Angola.
Chevron’s rich history of exploration and production in the country – covering 70 years – could not have been possible without Angola’s strong regulatory environment and the AEC supports the ongoing efforts by the multinational to expanding Angola’s oil and gas market.
Representing the company’s first operated assets outside of the existing Cabinda concessions, Block 49 and 50 are situated in close proximity to producing concessions such as Block 17 – one of the first deep-offshore blocks to be licensed in Angola.
As such, the blocks hold substantial potential for strong returns and further expand Angola’s portfolio of producing ultra-deepwater assets.
Earlier this year, Chevron signed an agreement with Angola’s national concessionaire – the National Oil, Gas & Biofuels Agency – to conduct seismic surveys in Blocks 49 and 50.
These studies will improve the geological understanding of the concessions and advance the exploration agenda.
The RSCs add to Chevron’s strong asset portfolio in Angola.
The company currently has a 26% market share in the country, with interests in Block 0 and 14 – which produce an average of 70,000 barrels of liquids per day and 259 million cubic feet of natural gas per day.
Block 0 – whose concession has been extended to 2050 – is comprised of 21 fields, while Block 14 contains nine fields.
An agreement signed between Chevron and the government in 2020 combined all of Block 14’s development areas, providing improved fiscal terms while extending the production sharing contract to 2028.
Additionally, in 2023, Chevron signed a production sharing agreement to manage operations within the Block 14/23 concession area.
The concession is situated in the Zone of Common Interest shared by Angola and the Democratic Republic of the Congo, with the agreement seeing Chevron act as operator with a 31% stake in the block.
Chevron’s operations in Angola transcend oil and gas exploration, with the company holding non-operating interests in the Angola LNG plant – Angola’s inaugural LNG facility.
Angola LNG processes gas from offshore concessions, generating critical revenue for the country through LNG exports. In 2023, the facility reached a milestone of delivering its 400th LNG cargo.
Going forward, the development of new concessions aims to bolster LNG production at the facility.
Specifically, the Chevron-operated Sanha Lean Gas Connection Project – valued at $300 million – comprises the development of a platform that ties into the existing Sanha Condensate complex and features pipelines connecting Block 0 and 14 to the Angola LNG facility.
The project reached a final investment decision in 2021 and aims to address a supply gap at Angola LNG.
Beyond exploration and production, Chevron is spearheading low-carbon solutions across Angola’s oil and gas industry.
The multinational signed an agreement with the government in October 2023 to explore low-carbon business opportunities, with the goal to utilize nature-based and technological carbon offsets – alongside lower-carbon intensity fuels such as hydrogen – to enhance the country’s production.
This will be undertaken in conjunction with oil and gas initiatives and showcases Chevron’s future-oriented approach to energy development in Angola.
“Chevron’s recent signing of two RSCs further underscores the value of implementing a strong regulatory and fiscal environment in Africa.
“When governments open up the market through attractive fiscal terms, the industry will respond positively.
“This is clearly evident in Angola where a commitment to creating an enabling environment for doing business has and continues to attract foreign companies.
“Other countries in Africa should learn from this and adopt proactive measures to attracting foreign capital,” states NJ Ayuk, Executive Chairman of the AEC.
Source: https://energynewsafrica.com
Ghana: Moroccan Energy And Customs Managers Understudy NPA’s Operations
A four-member delegation from the Moroccan Ministry of Energy Transition and the Customs and Indirect Administration is in the Republic of Ghana to understudy the National Petroleum Authority’s petroleum distribution system relative to tax administration.
The team is seeking to have a better insight into the implementation of the Unified Petroleum Price Fund (UPPF), the Bulk Road Vehicle (BRV) Electronic Cargo Tracking System, and the Petroleum Product Marking Scheme (PPMS) in providing revenue assurance to the government.
An arrangement has been made for the delegation to visit the Marker Warehouse and Storage; the Depot Marking operations; the BRV Operations and Sealing of Trucks; the NTL Laboratory, and also observe the testing of petroleum products at selected retail outlets to have hands-on experience in their operations.
The delegation is led by the Director of Customs and Indirect Taxes Administration, Mr. Chafik Essalouh, with Mr. Montassir Laksiri, Customs Division; Mr. Mohsinne Zaydi of the Ministry of Energy Transition, and Mr. Elmoutadikic Ahmed, a representative of the petroleum companies in Morocco as members.
Welcoming the delegation at the NPA in Accra on Monday on behalf of the NPA Chief Executive, Dr. Mustapha Abdul-Hamid, a Deputy Chief Executive of NPA, Mr. Perry Okudzeto, said the NPA was ready to share its experiences with Morocco.
He said the country depended on the importation of petroleum products as only three refineries were operational in the country at the moment.
He said if Sentuo Refinery with 40,000 barrels per day capacity settles down, and the Tema Oil Refinery (TOR) resumes operations, their productions would cater for about 40 percent of the country’s demands.
Mr. Okudzeto said the NPA and the Ghana Revenue Authority (GRA) had deployed officers at the petroleum facilities to test the quality of products, check the volumes, and ensure that all petroleum products are accounted for and the right taxes and levies are calculated.
Mr. Okudzeto said the NPA and the GRA had integrated their systems so that whatever is done in the NPA’s system is seen by the GRA and vice versa.
Mr. said the PPMS, which has to do with the marking of petroleum products, ensures the integrity of petroleum products. At the same time, the BRV Electronic Cargo Tracking System tracks the movement of fuel tankers to prevent diversion.
Responding, Mr. Essalouh said the delegation was ready to learn about Ghana’s tax regime on petroleum products and consider the possibility of integrating into the Moroccan tax system.
Source: https://energynewsafrica.com
Iran Says U.S. Can No Longer Obstruct Its Oil Production And Exports
Any future U.S. administration cannot prevent Iran from boosting its oil production and exports, Iranian Petroleum Minister Jawad Owji said on Wednesday.
“With the measures that have been taken in President Raisi’s government in the field of the oil industry, I should announce that any government that comes to power in the US cannot prevent the export and production of Iranian oil,” Iranian media quoted Owji as telling Parliament today.
Over the past three years, Iran has increased its crude oil production by 1.4 million barrels per day (bpd), the petroleum minister said.
During this period, Iran launched 150 oil industry projects, worth a total of $34 billion, according to the minister’s remarks from a few days ago carried by the news service Shana.
The oil industry grew by 20% last year, the highest growth rate of any Iranian sector of the economy, Owji was quoted as saying.
Last month, the minister said that Iran would soon launch 32 oil industry projects worth a total investment of $ 4.6 billion.
Iran plans to increase its crude oil output to 4 million bpd, the country’s Tasnim news agency reported at the end of May, as cited by Reuters.
No specific sources for the plan were provided but the original report in Tasnim said that “An economic council headed by Iran’s interim president Mohammad Mokhber has approved a plan to raise the country’s oil output from 3.6 million barrels per day to 4 million barrels per day.”
Iran has been eager to increase its oil production despite U.S. sanctions that have significantly reduced the market for Iranian oil.
Even so, Iran reported an increase in exports of crude recently, with the average daily for the first quarter hitting the highest in six years at 1.56 million bpd according to Vortexa data. Last year, the country exported 1.29 million bpd on average, which was 50% more than a year earlier.
Source: Oilprice.com
Tanzania: UK Development Arm Funds Its First Tanzania Green Energy Project
British International Investment Plc, the UK government’s development-finance arm, is providing its first support for renewable energy in Tanzania.
The firm has agreed to lend an initial $15 million to Meridiam SAS’s Rift Valley Energy to develop 7.6 megawatts of wind and small-scale hydro projects, said Nick O’Donohoe, BII’s chief executive officer.
That amount may rise to $25 million.
“The new installations will provide power to 170,000 consumers, with many of them not having been connected to the grid before,” O’Donohoe said in a report by Energy Connects.
BII’s investment plans come as a host of finance institutions jostle to provide the finance needed to boost access to electricity in Africa, meet climate change challenges and develop infrastructure.
The African Development Bank, the continent’s leading multilateral lender, estimates that the region needs between $130 billion and $170 billion for infrastructure development annually.
Just 37% of Tanzania’s 66 million people have access to electricity, according to BII.
Rift Valley already operates some small hydro power projects and Tanzania’s sole wind farm, Mwenga.
Meridiam acquired the company, which is developing projects that may generate 30 megawatts of power, last year and separately has invested in 100 megawatts of assets in neighboring Kenya.
Source: https://energynewsafrica.com
Rwanda: Gov’t Will Require $1.5bn To Achieve Universal Energy Access By 2029
Rwanda will require about $1.5bn investment in the power sector to achieve universal energy access by 2029 after missing the 2024 target, Rwanda Energy Group (REG) has said.
Access to electricity currently stands at 77.7 per cent, up from 34.4 per cent in 2017 under the National Strategy for Transformation (NST1) which ran from July 1, 2017, to June 30, 2024.
Twenty-five districts out of 30 have an access rate exceeding 70 per cent while the remaining five districts have access rates ranging from 61 to 69 per cent.
The East –Central African nation had targeted to increase energy generation capacity from 208 MW in 2017 to 556 MW by 2024, by developing a mix of hydropower, thermal methane, solar, and other renewable energy projects.
The strategic objective of the project was to build a balanced and cost-optimised generation mix sufficient to meet growing demand.
According to Armand Zingiro, CEO of Rwanda Energy Group (REG), the key factors that contribute to the expansion of electrification are numerous, one of which is developing internal capacity to address gaps, particularly when contractors fail to meet expectations.
“On our journey to universal access, one of the approaches/strategies we took with the support of the government is that we started by extending the national grid in all the provinces, then we went in all districts, and after that, all sectors got electricity, now we are at the village level,” Zingiro explained in a report filed by Newtimes.co.rw.
According to Zingiro, the failure to achieve the universal energy access goal was impeded by funding shortages, procurement challenges, Covid-19-related material supply chain disruptions, as well as other political crises.
Moreover, households residing in dispersed communities and lacking the capacity to maintain off-grid solutions were identified as contributing factors.
Zingiro said there are projects in the pipeline to connect 1.3 million households between 2024 and 2029.
The projects to expand the energy mix through increased use of renewable sources involve the Nyabarongo II Hydropower Project, aiming to produce 43.5 MW of power.
Located at the Nyabarongo River, the Nyabarongo II Multipurpose Dam is currently being built on the Northern and Southern provinces’ border, between Kamonyi and Gakenke Districts.
The dam will measure 59 metres high and 363 metres long, creating a reservoir with a storage capacity of 803,000,000 cubic metres.
Source: https://energynewsafrica.com
Ivory Coast: Gov’t Expects Threefold Oil Output Increase By 2027
The Republic of Ivory Coast is expecting more than threefold increase to its oil output by 2027, boosted by recent oil and gas discoveries at the West African nation’s Baleine and Calao offshore fields, President Alassane Ouattara said on Tuesday.
The world’s top cocoa-producing nation is hoping to become a major regional oil and gas producer and regional energy hub.
Ouattara told a joint session of parliament that more than $15 billion is expected to be invested in the country’s oil sector, adding that output would grow to about 200,000 barrels per day (bpd) from 60,000 bpd by 2027.
“It will be a spectacular leap,” Ouattara said in a report by Marinelink.com.
Italy’s Eni has said it would invest $10 billion in developing the Baleine field, which will take place in three phases from 2023 to 2027.
Certified reserves of the Baleine field, discovered by the Italian energy group in 2021, are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas.
The group announced its Calao discovery in March, with preliminary assessments indicating potential resources ranging between 1 billion and 1.5 billion barrels of oil.
Ivory Coast’s economic growth is forecast around 7% between 2024 and 2027, President Alassane Ouattara also said, adding that the country is expected to remain the economic powerhouse of the French-speaking West Africa region.
Source: https://energynewsafrica.com
Fire Continues To Burn After Drone Attack On Russian Oil Depot
A fire ignited by a drone attack on an oil depot in the southern Russian region of Rostov has gone into its second day with local emergency services still trying to put it out.
According to a Reuters report, the drone attack had been carried out by the Security Service of Ukraine.
Ukrainian attacks on Russian refineries and other energy infrastructure have become a fixture this year, with drones the weapon of choice for conducting the strikes.
The series of strikes has affected Russia’s refining capacity and earlier this year led the U.S. to call on the Ukrainians to stop targeting refineries in order to avoid a fuel price spike ahead of the November elections.
This week’s attack on the oil depot is the second since the start of the month in the region of Rostov. In early June, Ukrainian forces struck an oil refinery in Novosakhatinsk, causing another fire and prompting the suspension of work at the facility.
They also attacked an oil depot in the Belgorod region on the border with Ukraine.
“The Ukrainian Armed Forces, using a kamikaze drone, attacked an oil depot on the territory of the Stary Oskol urban district. As a result of the explosion, one of the tanks caught fire. Four fire crews quickly extinguished the fire.
“The blast wave blew out the windows in the security building. There were no casualties,” the governor of Belgorod said at the time.
The amount of refining capacity affected by Ukrainian drone attacks since the start of the year was estimated at around 600,000 barrels daily in April by Gunvor, the commodity trading major. According to JP Morgan, the amount was much higher, at 900,000 barrels daily.
Repairs are ongoing at many sites but it seems the Ukrainians are not heeding the Biden administration’s advice to stop targeting oil infrastructure.
Source: Oilprice.com
Ghana: Consortium Signs $12 Billion Deal To Develop Petroleum Hub In Western Region
The Petroleum Hub Development Corporation, the agency spearheading the establishment of petroleum hub in the western part of Ghana, has signed a $12 billion agreement with a consortium comprising Touchstone Capital Group Holdings Ltd., UIC Energy Ghana Ltd., China Wuhan Engineering Co. Ltd., and China Construction Third Engineering Bureau Co. Ltd for the development of the first phase of the project.
This project aims at positioning Ghana as the destination for energy trading in the West Africa sub-region.
This agreement is a critical step towards President Akufo-Addo’s vision of Ghana becoming a regional hub for petroleum refining, storage and distribution.
The Petroleum Hub project is expected to accelerate the growth of Ghana’s petroleum downstream sub-sector and make it a major player in the economy, creating jobs, attracting foreign direct investment, and enhancing energy security.
The hub, which is a private sector led, will have three (3) refineries, five (5) petrochemical plants, 10 million cubic metre storage facilities, and two (2) jetties with multiple berths.
The ancillary infrastructure and services include a power plant, rail and road network, Liquefied Natural Gas (LNG) terminals, pipelines, water treatment facilities, repairs & maintenance services, nautical services, waste treatment facilities, logistics, security & emergency response centre, residential & commercial facilities, light to medium industrial area and recreational centres.
Other services and infrastructure, such as a state-of-the-art laboratory for petroleum products, fabrication workshop, metering and calibration services, equipment supplies, logistics services, remote monitoring & diagnostics, lubricant storage & supply, and inspection & certification services, will also be available.
The project is estimated to cost about US$60 billion.
The development of the Petroleum Hub project will be executed in three phases, between 2024 and 2036, with the first phase focusing on developing a 300,000 barrel per day (bpd) refinery, 90,000 bpd petrochemical plant, 3 million m3 storage facility, jetty and port infrastructure.
The project is expected to transform Ghana’s economy and create over 780,000 direct and indirect jobs by 2036.
The signing of the agreement was witnessed by Ghana’s Minister for Energy Dr Matthew Opoku Prempeh and some Members of Parliament in the Western Region.
Commenting, Dr Prempeh emphasised the relevance of the hub to develop Ghana’s potential and revenue drive.
“This hub has been long time coming, and I am excited that today, we can do the signing for work to begin in earnest.
“We are hopeful that all the hard work we put in will yield the results that we desire. We are determined to achieve this goal, and we will continue working to see this materialise,” he said.
He also gave an assurance about adding value to Ghana’s natural resources for the benefit of all.
The Paramount Chief of Western Nzema Traditional Council, Awulea Annor Adjaye III, who doubles as Chair of the Petroleum Hub Development Corporation, charged the corporation to ensure wealth creation for the people of Jomoro and Ghana at large.
“We as leaders hold in trust these natural resources for our people, so every time we have to use them, we must ensure our people are the main beneficiaries of them,” he stressed.
Source: https://energynewsafrica.com
Ghana: Vivo Energy Ghana Launches Safety Day And Pledges Goal Zero
Vivo Energy Ghana, the Shell Licensee, has launched 2024 Safety Day at its head office in Cantonment, Accra, capital of Ghana.
The Safety Day, a cherished tradition of the business, underscores the company’s commitment to Health, Safety, Security, Environment and Quality (HSSEQ) practices while celebrating its safety achievements and milestones.
With a vision of becoming the leading and most respected energy business in Africa, we remain committed to ensuring the safety and security of our employees, partners, customers and communities.
The focus for this year’s Safety Day is on our HSSEQ Management System (MS), an integral part of our commitment to achieving Goal Zero- no harm to people and minimising our impact on the environment.
Speaking at the launch, the Managing Director of Vivo Energy Ghana, Kader Maiga, emphasised the company’s collaboration with regulatory bodies like the National Petroleum Authority (NPA), Ghana Standard Authority (GSA), Environmental Protection Agency (EPA), and the Association of Oil Marketing Companies (AOMC) to ensure compliance with procedures, standards, environmental sustainability, and industry best practices.
“I wish to throw more light on our Goal Zero Days (4,900 days/over 13 years) – the number of days without a recordable incident in our operations as a company. We could only achieve this with the help of our employees, third party contractors, site attendants, customers and regulatory bodies by complying with our safety procedures, standards, and regulations”, he said.
The Special Guest, CEO/Industry coordinator of the Association of Oil Marketing Companies (AOMC), Dr. Riverson Oppong, commended Vivo Energy Ghana for its proactive approach to safety, noting, “It is heartening to see a company that prioritises the well-being of its employees and partners. AOMC is immensely proud to partner with Vivo Energy Ghana and all its members in the relentless pursuit of Goal Zero through collaborative efforts to achieve a future where safety and sustainability are the cornerstones of every operation within the downstream petroleum industry.”
Representing Vivo Energy Ghana Transporters, the CEO of S. O. Frimpong Transport Limited, Randy Frimpong, in his goodwill message applauded the leadership and management of Vivo Energy Ghana for their dedication to a proper way of doing business which is a safer alternative. “We are happy to say that all transporters of Vivo Energy Ghana, through the adaptation of its HSSEQ Management System (MS), are now professional companies and we are also able to share knowledge and best practices to others in the industry,” he said.
Vivo Energy Ghana pledges to integrate safety into every aspect of its operations and commits to staying informed and adhering to safety protocols to safeguard its colleagues, families and communities. Together we will achieve Goal-Zero and set a benchmark for others to follow.
Kenya: Gov’t Proposes Excise Tax On E-Bikes
Kenya has proposed to introduce excise duty on all imported electric motorbikes other than motorcycle ambulances.
This move by William Samoei Ruto’s administration has been viewed as contradictory to the government’s earlier policy on promoting e-mobility.
The proposal is contained in the Finance Bill 2024 which is aimed to amend Part 1 of the first schedule to the Excise Duty Act to remove excise duty on petrol engine motorcycles, according to a report by Kenya Star.
Nine months ago, President William Ruto launched electric bikes in Mombasa in a bid to accelerate e-mobility adoption.
In Kenya, electric motorcycles valued at KSh150,000 are currently not subject to excise duty.
This was one of the incentives put in place by the state to empower the youth by lowering the operational costs in the ‘boda boda’ industry.
The Deloitte 2024 Budget Analysis report deemed the decision by the government counter-effective as this would lower the demand for electric bikes.
“The proposal to remove excise duty on petrol-powered motorcycles may increase the demand for petrol motorcycles and derail the Government’s policy on electric motorcycles,” said the report.
The latest data from the Clean Air Fund report on Nairobi and air pollution shows transport caters for 40 per cent of pollution followed by biomass fuels at 25 per cent.
This further shows the need to find solutions to curb air pollution by automobiles in large cities, especially Nairobi whose population is 4.3 million according to the 2019 census.
Source: https://energynewsafrica.com
Ghana: World Bank Approves $260m Grant For Ghana’s Energy Sector Recovery Programme
The World Bank has approved a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector Management Assistance Program for a 4-year Ghana Energy Sector Recovery Program for Results (PforR).
The PforR will support Ghana’s Energy Sector Recovery Programme (ESRP) to improve the financial viability of electricity distribution and increase access to clean cooking solutions.
Electricity distribution losses are high in Ghana due to a low collection rate and below-cost recovery tariffs, undermining the operational and financial performance of energy utilities in the country.
The Government of Ghana transfers about 2 percent of GDP annually to cover the energy sector’s financial shortfall.
“Through this important results-based financing, the World Bank is committed to supporting the recovery of Ghana’s energy sector and its financial sustainability.
“The operation aims to strengthen revenue collection and improve the quality of energy supply, including through investments in prepaid metering and in the commercial and meter management systems of distribution utilities,” said Robert Taliercio, World Bank Country Director for Ghana, Liberia, and Sierra Leone.
“The PforR aims to reduce the cost of electricity service provision by improving the economic dispatch of generation and by strengthening the commercial and operational performance of distribution utilities,” said Dhruva Sahai, Program Leader for Infrastructure.
The Clean Cooking Component of the Program will increase the access of Ghanaian households, schools, and businesses to Liquified Petroleum Gas for domestic and commercial use.
The PforR will provide direct incentives to subsidize the cost of stoves and accessories – excluding cylinders – for first-time domestic users, commercial caterers, and second-cycle schools.
Through these efforts, the Program aims to increase women’s access to clean cooking solutions, reduce time poverty, reduce health risks from smoke exposure from charcoal stoves, and improve women’s income generating opportunities and employability.
Minister for Finance, Dr Mohammed Amin Adam also said, “the Government of Ghana is grateful to the World Bank for their support in the attainment of the Sustainable Development Goals (SDGs), particularly Goal 7 (Affordable and Clean Energy).
“Our quest to achieve financial viability in electricity distribution and increasing access to clean cooking solutions is essential for building sustainable energy systems that support economic development, improve public health, and protect the environment while promoting energy access and equity for all”.
He added “our access to sustainable energy is not just about powering homes and businesses, it’s about empowering communities, protecting the environment, and fostering inclusive and sustainable development”.
Source: https://energynewsafrica.com
Guinea Signs MoU With Russia To Deliver Floating Nuclear Power Plant
The Republic of Guinea has signed a Memorandum of Understanding (MoU) with Russia to cooperate on the development of floating nuclear power to deal with Guinea’s electricity supply challenges.
The MoU was signed on June 7, 2024, during the St. Petersburg International Economic Forum between the Mechanical Engineering Division of Rosatom, the state atomic corporation of Russia, and the Government of Guinea.
The signing was witnessed by Andrey Nikipelov, Deputy Director General for Mechanical Engineering and Industrial Solutions of ROSATOM, and Igor Kotov, Head of Rosatom’s Mechanical Engineering Division.
Under the reached agreements, the parties will explore the implementation of floating power units in the Republic of Guinea and work on the project’s terms and conditions.
The signed memorandum supplements the roadmap of Rosatom’s Mechanical Engineering Division for the production of advanced equipment for the new generation of the nuclear industry and demonstrates the high global interest in our technology.
Commenting, Vladimir Aptekarev, Deputy Head of ROSATOM’s Mechanical Engineering Division, said: “The cooperation involves joint work on developing a power supply solution both to industrial and domestic consumers in the Republic of Guinea, by deploying floating nuclear power units with RITM-200 reactors, which have already proven efficient.
As you know, the power supply issue in the African region is urgent, and our main task is to provide a fast, reliable, and environmentally friendly solution for our partners.”
Source: https://energynewsafrica.com