Source:https://energynewsafrica.com Ghana: GNPC Explores Strategic Partnership With AGAT Laboratories To Enhance Research Capabilities
Ghana’s National OIL Company (GNPC) has held discussions with top officials of AGAT Laboratories, a Canada-based company, to explore the possibility of partnership during a four-day working visit by AGAT Laboratories officials to GNPC offices in Accra.
This visit, comprising a series of meetings and familiarisation tours of GNPC’s operations at the Research & Data Centre and the GNPC Training Centre, marks a pivotal moment in GNPC’s quest to enhance research capabilities and foster innovation within the oil and gas sector.
In an introductory meeting that featured discussions on advanced analytical techniques and cutting-edge research methodologies, the distinguished Canadian company, globally known for its specialised laboratory services, explored potential partnerships, collaborations and support for GNPC’s ambitious Research and Technology Center (RATC) project.
Representing the Chief Executive Officer, Opoku-Ahweneeh Danquah, the General Manager for Strategy & Investment at GNPC, Dr Kwame Baah-Nuakoh, expressed enthusiasm about the potential collaboration, stating, “AGAT Laboratories brings a wealth of expertise and experience that perfectly aligns with our vision of establishing GNPC as a leading world-class oil and gas company.
Their proficiency in various scientific disciplines opens exciting possibilities for innovation and knowledge exchange.”
Impressed by GNPC’s commitment to advancing research and technology in the energy sector, the Chief Science Officer at AGAT Laboratories, Brent Nassichuk, in the company of Colin Thiessen, Director of Business Development at AGAT Lab, said the visit had provided his team with valuable insights into the corporation’s capabilities and aspirations.
“We see great potential for collaboration in areas such as environmental analysis, geochemical studies, and specialised testing,” he said.
Mr. Kwesi Krasi Eyiah, General Manager of Research & Data at GNPC, said a partnership with AGAT Laboratories would offer a significant opportunity for GNPC to leverage cutting-edge technologies and analytical methods to drive innovation in the oil and gas industry.
“By combining our expertise with AGAT’s specialised capabilities, we are poised to revolutionise research and data analysis not only in the petroleum sector in Ghana but across other areas as well,” he said.
The discussions also focused on leveraging AGAT’s state-of-the-art laboratory facilities and GNPC’s existing infrastructure to enhance research outcomes and drive sustainable growth in the oil and gas industry.
Both entities underscored the importance of fostering a collaborative ecosystem conducive to knowledge sharing and innovation.
As GNPC continues to fortify its position as a key player in the global energy landscape, partnerships with esteemed institutions like AGAT Laboratories serve as catalysts for progress.
The visit concluded on a positive note, with both parties expressing optimism about the prospects of their collaboration.
Looking ahead, GNPC remains steadfast in harnessing the latest advancements in science and technology to unlock the full potential of Ghana’s oil and gas reserves.
A potential partnership with AGAT Laboratories will represent a significant stride towards achieving this objective and underscore GNPC’s unwavering commitment to excellence in research and development.
Other GNPC officials at the meeting included Mr Albert Akowuah, Mana of Corporate Strategy; Mr Ato Debrah, Manager of Human Resource (Training & Competence Development) and Mr Vincent Kwamla Hotor, Manager of geology.
Source:https://energynewsafrica.com
Source:https://energynewsafrica.com South Africa’s Green Energy Transition Receives Boost
South Africa’s efforts to switch to green and renewable energy have received a major boost.
This was after a team of researchers from the University of Pretoria discovered natural hydrogen gas in Hendrina, Mpumalanga.
The discovery was made after several months of field data collection in various parts of the province’s highveld region.
Natural hydrogen is considered to be a source of renewable energy that is cheap to extract. It does not emit emissions.
The University of Pretoria Associate Professor in Geology, Adam Bumby says, “Geologists have been noticing that you get these shallow depressions in the ground that are hydrogen bearing.
Our thought was that areas like the pans in Mpumalanga maybe they are hydrogen-bearing as well. They are very similar in shape and size.
So we came out here last year with the hydrogen meter and drilled a series of very shallow holes and yeah, there is a significant elevation in hydrogen values that come out of the soil immediately adjacent to the pans in Mpumalanga”.
Green Hydrogen transformation process with Dr Phil Mjwara Bumby further explained how hydrogen could be a source of renewable energy that could contribute to the national energy budget and help address the energy crisis in the country.
“It’s not a huge amount of electricity, It powers some lights, and a fridge or two but nevertheless that energy is free.
That electricity is produced with no costs other than the original borehole and it’s renewable.
The hydrogen just keeps coming up through that borehole. And of course in non-polluting. When hydrogen burns it doesn’t produce that CO2 that goes into the atmosphere.
It produces water and its electricity that local communities can use,” Bumby said.
Geology Masters students from the university who are among the researchers say they are grateful to have taken part in this groundbreaking exercise.
They say surrounding communities will benefit from this discovery.
Bumby believes that although it is still early to tell the exact amount of hydrogen gas that is present in the area, they are hopeful that more deposits of hydrogen will be found as they drill deeper into the earth’s surface.
Green Hydrogen Summit | Concerns about human, environmental and resource impact:
Source: Sabcnews.com
Kenya: EPRA Denies Report Of Over-billing Electricity Consumers
Kenya’s Energy and Petroleum Regulatory Authority has denied media reports suggesting that it added illegal electricity levies resulting in the over-billing of power consumers.
A statement issued by Daniel Kiptoo Bagora, the Director-General of EPRA, described the media report as false.
“The authority is mandated by law to balance the interests of the consumers and investors and to ensure the security of power supply and sustainability of the sector,” Mr Bagora said as carried by the Star.
There were reports that EPRA added illegal levies to its monthly fuel surcharge.
The media reports quoted the Auditor General’s report which showed that Kenya Power overcharged consumers by Sh23.17 billion in 2023.
Kenya Power, however, downplayed the findings, insisting that the company was allowed to collect those amounts.
Responding to the issue, EPRA’s Director-Genral, Kiptoo explained that between the last tariff review to the current review effected in April 2023, seven new power plants were commissioned with a total capacity of 502MW.
He named them Olkaria V (158MW), Olkaria I Unit 6 (83MW), Kipeto Wind Power (100MW), Selenkei (40MW), Cedate (40MW), Malindi Solar (40MW), Alten Solar (40MW) and Kianthumbi Small Hydro (0.5MW).
Mr Kiptoo noted that effective April 2023, there was a tariff review for the period 2023/2024, 2024/2025, and 2025/2026, which now included generation costs of the eight plants not included in the previous Base Tariff.
“In effect, there is no over-billing. The approved tariff now includes the costs of power plants commissioned between October 2019 to March 2023,” the EPRA boss said.
The Base Tariff comprises the cost of generation, transmission and distribution that utilities like Kenya Power and Lighting Company, Kenya Electricity Generating Company, Kenya Electricity Transmission Company, Rural Electrification and Renewable Energy Corporation, Geothermal Development Company, and Independent Power Producers incur in the provision of the regulated services.
These costs are calculated based on the existing generation contracts, operation and maintenance contracts, and the cost of finance associated with the provision of these services.
The Base Tariff is set at the prevailing exchange rate and a prevailing Consumer Price Index that represents core inflation.
EPRA assured stakeholders that it would ensure that only prudently incurred costs in power generation, transmission, and distribution were recovered from consumers.
Source: https://energynewsafrica.com
Ghana: Sentuo Refinery Admits Its Petrol Had Pressure Issue…Takes Steps To Correct It After NPA Directive
The Chinese-owned refinery, Sentuo Refinery, has admitted that its premium spirit, popularly known as petrol, did not meet the required standard and has taken corrective measures to address the issue.
Albert Duncan, a consultant with the refinery, told energynewsafrica.com that they realized that there was a problem with the vapour pressure of the PMS.
He said they have taken corrective measures to address the issue.
“As we speak, we are selling. It’s only the petrol that had a problem and we have taken steps to correct it,” Mr Duncan said via the telephone.
His comments followed a statement issued by the Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) which accused the refinery of selling products that did not meet standards and specifications.
The two energy think tanks, in a statement, claimed that the out-of-specification products were reported to causing damage to vehicles and machinery with key oil marketing brands struggling to find ways to dislodge these products, with some compelled to shut down dispensing pumps, while the regulator–the National Petroleum Authority (NPA)–looked on helpless.
“The IES and COPEC wish to serve notice that they will not hesitate to equally drag the Ghana Standard Authority (GSA) and the National Petroleum Authority to the law courts in the coming days if the current menace is not immediately addressed,” the group warned.
Reacting to the issue, the regulator’s Head of Quality Control,Ubeidalah Saeed said it was only the petrol from the refinery that had an issue and not all their products.
He clarified that the issue with the petrol was about vapour pressure and not that the product was unwholesome.
“So it is not like the product is unwholesome but rather the pressure was above the maximum requirement,” he told this portal on the telephone.
“Because products are co-mingled at the retail outlet at point, where the pressures were low at these services stations resulting in this challenge,” he explained.
Continuing, Mr Saeed said the NPA asked Sentuo Refinery to suspend the sale of the PMS and correct the anomaly before selling the product.
He said few minutes earlier, he spoke to an official of the refinery and he confirmed that they were resolving the issue.
In a statement issued by the Corporate Affairs Diretorate, NPA said beyond the remedial actions taken by the refinery, it has also impossed sanctions on them.
Sentuo Refinery is a new refinery located in the Tema industrial area.
The refinery is undergoing a test run and it is expected to be completed by the end of March or the first week in April 2024.
The NPA, however, fitted them to sell its products after meeting the standard and specifications.
Source: https://energynewsafrica.com
Nigeria: Unhappy Power Minister Blames Persistent Power Cuts On Sabotage
Nigeria’s Minister for Power Adebayo Adelabu has expressed frustration over the persistent power cuts in the country and blamed the unfortunate situation on sabotage by a section of the citizenry.
Addressing the media on the happenings in the power sector in Nigeria, Mr. Adelabu emphasised that investigations conducted showed that a group of unscrupulous people in the country have consistently been sabotaging the power distribution system, making the electricity supply unstable.
“Something happened which never happens anywhere in the world, which is a deliberate destruction of our collection assets. Since I assumed office, I have witnessed not less than eight deliberate destruction of our transmission power lines. People will deliberately break transmission lines, you go back to fix it but before you leave, it happens again. Just yesterday, it happened again in Nasarawa,” he attested.
He said power and transmission line theft among other crimes occurred consistently since he assumed office, warning that the security agencies, power sector players and the citizens must team up to expose criminals in the sector so that it would trigger efficiency in the power distribution chain.
“I’m saying this confidently that they are joking. We are not intimidated. We are not scared. We will confront them. We’ve started investigations and we have spoken to the NSA to provide security for these power installations,” Minister…… said.
Mr Adelabu observed that some people do not want the sector to work.
“We can’t build something for some people to destroy it. So anywhere you have major demolishing or destruction of the power lines, it will lead to grid collapse. Some people went in to sabotage and we need to fight it collectively,” he opined.
Sadly, he stated that unless the Federal Government stepped up to intensify monitoring, the unscrupulous Nigerians would continuously frustrate efficient and effective operations in the sector, which also impacts negatively on the socio-economic development of the nation.
According to him, it costs about US$30 million to US$50 million to build a 330KV sub-station only for some bad nuts to destroy them.
Minister Adelabu stated that the country needed to change obsolete electrical equipment such as transformers and transmitters for which they have contacted two Chinese companies to compare costs and choose the one with the best but least cost to start work.
Source: https://energynewsafrica.com
Trinidad & Tobago: Ghana’s Energy Minister, Others Explore Partnerships For Ghana’s Oil And Gas Industry
Ghana’s Minister for Energy Dr Matthew Opoku Prempeh and some senior officials of the Ministry of Energy, Petroleum Commission (PC) Bulk Energy Storage and Transportation (BEST), and GOIL PLC have paid a working visit to Tranidad & Tobago to understudy the country’s oil and gas sector.
Trinidad & Tobago is a leading icon with long-held expertise in hydrocarbon exploration, production, refining, and transportation, among others.
The visit, therefore, is aimed at identifying and fostering partnerships for the overall benefit of Ghana.
In a post on the Ministry’s Facebook, it said the delegation visited Lake Asphalt of Trinidad and Tobago (1978) Limited; a wholly owned state enterprise with the mandate to ensure the commercial development of the Pitch Lake of Trinidad and Tobago, the world’s largest deposit of natural asphalt.
After extensive discussions and a tour of the lake, understanding the operations of the company which also includes the manufacturing of bitumen emulsions, the Minister hinted that further discussions remain very much on the cards.
“This working visit beyond the opportunity to also explore advanced technologies in various areas of the oil and gas value chain, will help foster stronger ties and collaboration between the energy sectors of Ghana and Trinidad and Tobago,” Dr. Prempeh said.
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com Ghana: Petrosol’s Quality Standards Re-affirmed As Conforming To ISO International Specification
Global Business Bureau Certification (Partner Global TUV), a leading ISO certification firm, has re-affirmed PETROSOL’s standards to comply with the triple International Organisation for Standardisation (ISO) certification the company was issued in 2021 for quality management, occupational health and safety management; and environmental management.
Consequently, the leading indigenous Oil Marketing Company (OMC) has been successfully re-certified for ISO 9001: 2015–Quality Management System; ISO 14001:2015–Environmental Management System and ISO 45001: 2018–Occupational Health & Safety Management System.
This decision was arrived at after international auditors subjected the company’s processes and procedures to a recertification audit, and came to the conclusion that the company continued to have internationally accepted systems and processes for procuring, storing, distributing, and marketing their fuel and lubricants that enable them to serve their customers quality fuel and lubricants in an environmentally safe and sustainable manner.
Presenting the certificates to PETROSOL, Ing Wael Salah, one of the international auditors who is also the Technical Director of the firm, commended the leadership of PETROSOL for their continuous commitment to operating in line with best international practices and urged them to continue on that path.
Receiving the certificates on behalf of PETROSOL, the Chief Executive Officer, Michael Bozumbil, expressed his delight at the recertification and commended his team of young Ghanaian professionals, as well as their supportive dealers for their incredible dedication to excellence.
He said that, as a company, they believe in continuous improvement and would, thus, not rest on their oars but would continue to improve to serve their customers better.
According to Mr Bozumbil, the re-certification is an external validation of the company’s relentless efforts over the years to ensure that its operations are anchored on best practices and processes that enable the company to consistently deliver quality petroleum products to consumers.
He, therefore, assured the public to always drive into PETROSOL stations across the country with the full assurance of buying premium fuel and lubricants meeting the needs of new technology vehicles.
Mr Bozumbil further indicated that these certifications demonstrated PETROSOL’s high commitment to conducting its operations in a manner that prioritised the safety of its customers, staff and the general public as well as protects the environment.
He added that it underscored the commitment of the leadership of the company to conduct the company’s business ethically through payment of the appropriate taxes to the state.
He said, notwithstanding the current economic challenges which have led to high costs of operations, he and his team would continue with their commitment to investing in quality and standards because the consumer deserves nothing but the best.
Mr Bozumbil commended their regulators, especially the National Petroleum Authority (NPA), for their continuous support.
PETROSOL Ghana Ltd currently, operates over 100 fuel stations across the country, in partnership with its retailers, and also supplies bulk corporate consumers of petroleum products.
It was adjudged the Brand of the Year 2023 at the Ghana Energy Awards and also received the National Quality Award (Diamond) 2023 at the Ghana Quality Awards, organized by the Association of Ghana Industries (AGI) and the Ghana Standards Authority (GSA).
Source: https://energynewsafrica.com
Uganda: Energy Minister Commissions Shs167 Billion Gulu – Agago Transmission Project
Ugandan State Minister for Energy Okasaai Opolot on Wednesday, February 21, 2024, commissioned the 132kV Gulu-Agago Transmission Project at the Agago Substation in Pader District.
This line was completed and energised on November 18, 2023, and evacuated power from Achwa 83MW HPP.
“This newly commissioned Gulu-Agago transmission line supports the energy policy 2023 and the Energy Development Programme of the NDP, Phase–III to ensure the power generated is evacuated and consumed, the minister said in a statement posted by UETCL on X formerly Twitter.
He said commissioning of this line will save the Government of Uganda deemed energy costs worth $2.5 million per month translating to sh116 billion annually and will directly benefit the people of Northern Uganda by ensuring the supply of reliable and stable power.
The project was financed through a loan of EUR 40 million from KfW Development Bank.
The amount covered the cost of the transmission line and associated substations.
The government of Uganda financed the supervision, land acquisition, and Resettlement Action Plan (RAP) Implementation costs.
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com Oil & Gas CEOs Conference
The organisers of annual oil & gas CEOs Conference are delighted to extend a warm invitation to you to join them at the upcoming CEO’s Conference dubbed “Empowering Indigenous Ghanaian Companies; A Collective Endeavour to shape policy and guidelines” from 14th to 16th March 2024 at the Aqua Safari Resort in Ada.
Together, we’ll address pressing issues such as reviewing the L.I 2204 as amended, navigating tax challenges, and further discussing other pertinent industry issues.
Don’t miss this opportunity to shape the future of our industry.
RSVP now by using the registration link below
https://form.jotform.com/240455398969576
Best Regards,
CESCGHA.
Ghana: French Ambassador Visits GRIDCo’s 330/161kV Adubiliyi Sub-station In Tamale
The French Ambassador to Ghana, H.E. Jules Armand Aniambossou, has paid a working visit to the Adubiliyili Sub-station in Tamale in the Northern Region of the Republic of Ghana, West Africa.
The sub-station which was built in 2019 was funded with a facility of 173.9 million USD (One Hundred and Seventy-Three Million and Nine Hundred Thousand US Dollars) by the French Development Agency (AFD) and a €5 million European Union grant dedicated to Project Management, Supervision and Project work, a Team Europe approach.
The sub-station has increased the transmission capacity of Ghana Grid Company to meet growing demand in the Northern, North-East and Upper East Regions of Ghana.
Additionally, power supply stability and reliability have also improved in the Northern part of the NITS and facilitated the wheeling of 150MW power to Burkina Faso.
The Adubiliyili sub-station is a component of GRIDCo’s 330kV Kumasi–Bolgatanga Transmission Line
Project.
The Ambassador’s visit was to engage with the facility managers and gauge the performance of the sub-station, which serves Tamale and allows power export of up to 200MW to neighbouring Burkina Faso.
In a statement issued after the visit, the Chief Executive of GRIDCo, Ing Ebenezer Kofi Essienyi, said: “GRIDCo is proud of its pioneering and impactful role in Ghana’s power sector, in ensuring the reliable transmission of electricity across the country, which is strengthened with external collaborations & expertise.
The 330/161kV Adubiliyili sub-station is a critical infrastructure component that has significantly improved power supply reliability and enhanced GRIDCo’s ability to export 150MW power to Burkina Faso.
This strategic partnership with France through AFD & the EU has positioned GRIDCo to deliver critical Energy Projects to improve efficiency and ensure a robust national grid.”
The Ambassador of France to Ghana, H.E. Jules Armand Aniambossou commented:
“France and the EU delegation have worked closely with GRIDCo for many years on the Kumasi–Bolgatanga Transmission Line, and we can appreciate the results here today.
I am impressed by Ghana’s long-term commitment to ensuring a reliable and efficient power network for the Northern Region.
GRIDCo shows an incredible level of expertise and efficiency with the construction and maintenance of this substation and the entire Transmission Project.
I also want to recognize the expertise and partnership with Eiffage Energies Transport & Distribution and ABB AG Joint Venture of France: this shows how important it is to encourage cooperation between France and Ghana businesses.
France, in close partnership with EU Delegation, is already working with Ghanaian authorities on new energy projects.”
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com Nigeria: Tinubu Orders State House To Settle Electricity Bills Owed Abuja Electricity Distribution Company
Nigerian President Bola Tinubu has directed the State House to immediately settle all outstanding electricity bills due to the Abuja Electricity Distribution Company.
The President’s directive follows the reconciliation of accounts between the State House Management and AEDC.
Contrary to the AEDC’s initial claim of N923 million debt in paid advertorial in newspapers, the State House outstanding bill is N342, 352, 217.46, according to a letter by the management of AEDC to the State House Permanent Secretary dated February 14, 2024.
“Having reconciled the position to the satisfaction of both parties, the Chief of Staff to the President, Rt Hon. Femi Gbajabiamila, has given assurance that the debt will be paid to AEDC before the end of this week.
“Following the example of the Presidency, the Chief of Staff also urged other MDAs to reconcile their accounts with AEDC and pay their electricity bills,” Bayo Onanuga, Special Adviser to the President on Information & Strategy, said in a statement issued on Tuesday, February 20, 2024.
Source: https://energynewsafrica.com
Egypt: ARDA Will Support OPEC, Others To Deliver Robust Intra-African Oil & Gas Industry–Says NPA Boss
The President of the African Refiners and Distributors Association (ARDA) and Chief Executive of the National Petroleum Authority (NPA), Ghana’s downstream petroleum regulator, Dr. Mustapha Abdul-Hamid, has reiterated ARDA’s commitment to working with the Organisation of the Petroleum Exporting Countries (OPEC), the African Petroleum Producers’ Organisation (APPO) and the African Union Commission (AUC) to deliver a sustainable intra-African oil and gas industry.
He said the industry would be focused on delivering cleaner fuels and value-added petroleum products via a lower-carbon footprint.
Dr Abdul-Hamid was speaking as a co-Chairman at the third High-Level Meeting of the OPEC-Africa Energy Dialogue held on 19th February 2024, in Cairo, Egypt.
The Meeting was co-chaired by H.E Haitham Al- Ghais, Secretary General of the OPEC, H.E Dr. Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the AUC, and H.E Dr Omar Farouk Ibrahim, Secretary General of APPO.
Building on the successful meetings held in 2021 and 2023, participants conducted open and transparent discussions on a wide array of key topics related to energy and oil, including energy security, risk of underinvestment, climate change and energy transitions.
Dr Abdul-Hamid also shared ARDA’s objective of developing a consolidated register of investable energy infrastructure projects that would be shared at the first-ever ARDA Investment Forum to be held during the 2024 ARDA Week in Cape Town from 22-26 April 2024.
He again expresses how forward he looked to working with APPO to support the successful take-off of the Africa Energy Bank (AEB) this year and providing bankable downstream projects for the laudable AEB initiative in the drive to meet Africa’s growing petroleum products demand sustainably.
The NPA Boss congratulated OPEC for its continued leadership in promoting the OPEC-Africa Energy Dialogue.
In his remarks, H.E Al- Ghais indicated that dialogue with Africa is a key pillar in OPEC’s global energy dialogue programme which includes many other key regions, countries and international organizations.
“We at OPEC firmly believe that cooperation and dialogue among all energy stakeholders are absolutely essential factors in effectively addressing our common energy challenges,” he said.
H.E Al-Ghais noted that in terms of climate change and energy transitions, developing countries around the world, including those in Africa, continued to balance priorities between the dire need to support the development of their national economies, while also adapting to ever-shifting dynamics related to climate change.
For his part, H.E Dr Amani Abou-Zeid stressed the need to consider Africa’s context as analysis shows that the African Energy demand could increase by 30 per cent compared to 10 per cent in global energy demand by 2040.
HE Dr Farouk updated the meeting on the progress towards establishing the Africa Energy Bank (AEB), noting that the APPO Ministerial Council had approved the take-off of the Bank in the First half of 2024.
The AEB aims to fill the gap arising from restrictions on funding oil and gas projects, particularly in Africa.
Their Excellences concluded the event by underscoring the key role that Africa is set to play in the energy industry, in general, and the oil industry, in particular, in the years and decades ahead.
They also highlighted the importance and benefits of fostering the ongoing cooperation between OPEC and the African energy organizations, especially through the OPEC-Africa Energy Dialogue framework, and decided to hold the 4th High-Level Meeting of the OPEC-Africa Energy Dialogue in 2025.
Source:https://energynewsafrica.com
Ghana: Why Petrol, Diesel Prices Have Gone Up In Ghana
The prices of petrol and diesel have gone up significantly at the pumps in the Republic of Ghana, with diesel selling at Gh¢13.99 per litre while petrol is selling at Gh¢12.99 per litre.
Unlike in other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every two weeks.
During the first pricing window which ended on February 12, 2024, petrol was sold at Gh¢12.45 per litre while diesel was sold at Gh¢13.69 per litre.
However, diesel price saw an increase of about 30 pesewas per litre while petrol saw an increase of 50 pesewas during the second pricing window.
The increment was occasioned by the rising cost of refined products on the international market, exchange rate volatility and cumulative increment in Primary Distribution Margin, BOST Margin and Unified Petroleum Fund Margin by 26 pesewas.
Leading oil marketing companies—GOIL Plc and Shell—are selling petrol at Gh¢12.99 per litre while diesel is sold at Gh¢13.99 per litre.
TotalEnergies, one of the market leaders, is selling petrol at Gh¢12.90 per litre while diesel is sold at Gh¢13.95 per litre.
Star Oil is selling petrol at Gh¢11.97 per litre while diesel is selling at Gh¢13.37 per litre.
Petrosol Ghana Limited, one of the top ten OMCs, has also adjusted its pump prices and is selling petrol at Gh¢12.69 per litre while diesel is sold at Gh¢13.75 per litre.
Zen is selling petrol at Gh¢11.74 per litre while diesel is selling at Gh¢12.95 per litre.
Goodness is selling petrol at Gh¢11.90 per litre while diesel is selling at Gh¢12.90 per litre.
Alinco is selling petrol at Gh¢11.90 per litre while diesel is selling at Gh¢12.90 per litre.
Allied Oil is selling petrol at Gh¢11.55 per litre while diesel is sold at Gh¢12.55 per litre.
Pacific Oil is selling petrol at Gh¢11.98 per litre while diesel was sold at Gh¢12.98 per litre.
Dukes is selling petrol at Gh¢11.70 per litre while is sold diesel at Gh¢12.45 per litre.
Engen is selling petrol at Gh¢12.59 per litre and diesel at Gh¢13.39 per litre.
Lucky Oil is selling petrol at Gh¢11.96 while diesel is sold at Gh¢13.26 per litre.
Data from the regulator, National Petroleum Authority (NPA), also showed prices of finished products—diesel and petrol—jumped on the international market within two weeks.
Petrol went up to US$814.05 per metric tonne while diesel went up to US$858.33 per metric tonne.
Source: https://energynewsafrica.com
Kenya: Kenya Power Connects 256K People With Electricity In Second Half Of 2024
Kenya’s power utility company, Kenya Power, has increased its customers by connecting 256,206 new customers to the national grid during the second half of 2023.
This represents 13.87 per cent against a half-year target of 225,000 customers.
“The new customer connections increased the total customer base to 9,454,819 customers,” the company said in a statement on Tuesday, February 20, 2024.
According to Kenya Power, the accelerated connectivity was driven by the availability of meters and the deployment of the Rapid Results Initiative (RRI) which is meant to fast-track meter installation for new connections across the country.
The company explained that at the beginning of October 2023 when the Rapid Results Initiative was launched, the total pending new connections stood at 236,924.
It said the backlog resulted from protracted court battles that hindered procurement of meters and other materials.
“Following the improvement in meter availability, we recently initiated a metering initiative to accelerate connections.
We have exceeded our target for the half-year period and we are on course towards the attainment of our annual target, which will positively impact the journey towards universal access to electricity by the year 2030,” Dr Joseph Siror, Kenya Power’s Managing Director & CEO, said.
The company targets to connect 400,000 new customers to the national grid by the end of 2024.
To attain universal access to electricity, the company would sustain the connectivity drive, with an additional four million customers targeted to be connected by the year 2030.
Apart from the RRI, the company is also banking on the implementation of other projects such as the Last Mile Connectivity Project (LMCP) to achieve its annual connectivity targets.
So far 1,431,423 customers have been connected to the grid through the Last Mile Connectivity Project which is funded by the Government of Kenya and development partners including; the World Bank, African Development Bank (AfDB), AFD, European Union (EU), European Investment Bank (EIB) and JICA.
Preparations are ongoing for the rollout of Phase ‘4’ of the Last Mile Connectivity Project which is financed by AFD/EU and EIB.
The project targets to connect 280,000 customers across 32 counties within eighteen months.
Source:https://energynewsafrica.com