South Africa: BRICS Ministers Of Energy Resolve To Increase Efforts For Energy Access
The Energy Ministers of BRICS, a group of the world economies comprising Brazil, Russia, India, China and South Africa have resolved to significantly increase efforts to ensure access to affordable, reliable, sustainable and modern energy.
The group resolved this during the 8th Annual Meeting in Johannesburg, South Africa, last Friday.
The resolution is given to the 733 million people who lack access to electricity globally, a statement from the Department of Mineral Resources and Energy, South Africa, said.
According to the statement, BRICS Energy Ministers believe that an inclusive, diverse and holistic approach to energy mix is important to achieve sustainable energy supply while averting potential future disruptions in the sector.
“Deliberations at the Ministers’ meeting focused on programmes and initiatives that seek to promote cooperation, growth and sustainable development of the member states’ energy sector. These include enhancing energy security, advancing universal access to energy, minerals for energy transitions and research and technological cooperation,’’ the statement said.
On energy security, the BRICS countries intend to pursue balanced and economically sound energy policies based on their respective national circumstances, plans and priorities, building up capacities to safeguard the energy supply.
On minerals for energy transitions, BRICS Energy Ministers undertook to exchange best practices and standards in the development and beneficiation of minerals in the country of origin that have been identified as critical for clean energy sources and technologies.
Furthermore, the delegates committed to exploring various technologies and new materials that are central to global energy transitions and carbon reduction.
In this regard, BRICS would leverage the existing, as well as new and emerging energy technologies.
Source: https://energynewsafrica.com
Ghana:VRA Books Gh¢110.8M Profit In 2022
Ghana’s state’s largest power generation company, Volta River Authority (VRA), recorded a profit of Gh¢110.893 million in 2022, according to the Auditor General’s Report which has also been confirmed by the company.
The 2022 profit is about a 1.7 per cent decline over the previous year.
In 2021, the Authority registered a profit of Gh¢112.758 million.
According to the 2022 Auditor General’s Report, total income increased by 34 per cent to Gh¢5.628 billion in 2022, from Gh¢4.199 million in 2021. The increase in total income was due to a 38.7 per cent increase in revenue from power sales.
On the other hand, total expenditure increased by 35.0 per cent, from Gh¢4.086 billion in 2021 to Gh¢5.517 billion in 2022.
This was mainly due to increases in the cost of sales and depreciation.
In terms of the balance sheet, Non-Current Assets increased from Gh¢18.380 billion in 2021 to Gh¢26.008 billion in 2022, representing an increase of 41.5 per cent.
The increment was due to revaluation gains and the acquisition of property plants and equipment during the year.
The company’s current Assets also increased by 36.1 per cent from GH¢8.631 billion in 2021 to Gh¢11.751 billion in 2022 due to an increase in trade and other receivables.
Similarly, Current Liabilities recorded an increase of 26.2 per cent from Gh¢6.861 billion in 2021 to Gh¢8.659 billion in 2022. This was due to an increase in trade payables from GH¢6.404 billion in 2021 to GH¢8.363 billion in 2022.
For liquidity, the current ratio increased to 1.4:1 in 2021 (2020: 1.3:1).
Source: https://energynewsafrica.com
Ghana: PURC Increases Electricity Tariff By 4.22%, 1.18% For Water In September
The Public Utilities Regulatory Commission (PURC), the economic regulator for electricity and water in the Republic of Ghana, has announced an increase in electricity and water tariffs by 4.22 per cent and 1.18 per cent respectively, for non-life residential consumers effective 1st September 2023.
The Commission, however, did not approve tariff increases for industrial consumers, non-residential consumers notably hairdressing salons, barbering shops and local restaurants.
This follows the conclusion of the regulatory process for the quarterly adjustment of tariffs by the PURC.
The quarterly tariff review mechanism seeks to track and incorporate changes in key factors used in determining natural gas, electricity and water tariff.
These factors are the Ghana/Dollar exchange rate, inflation, electricity generation mix and the weighted average cost of natural gas (WACOG).
Source: https://energynewsafrica.com
Africa Oil Week 2023 To Welcome World Leaders To SA To Chart Africa’s Energy Destiny
Industry leaders from across the international oil-and-gas sector, government representatives, energy policymakers, financiers and dealmakers will converge in Cape Town in October, when Africa Oil Week (AOW) 2023 takes place, under the theme, “Maximising Africa’s Natural Resources in the Global Energy Transition”.
AOW 2023, billed as “Africa’s Leading Upstream Event” comes at a pivotal moment, as the world navigates a complex energy transition towards Net Zero.
The event brings together major global decisionmakers to help map a sustainable, realistic transition path that supports Africa’s energy needs, stimulates socio-economic growth, and ensures Africa retains control of its own natural resources.
For more than a quarter of a century, AOW has been the premier global platform for sharing industry developments and stimulating transactions across the African oil-and-gas upstream, bringing together governments, national and international oil companies, independents, investors, the geological-and geophysical community and service providers.
“We are proud to provide a platform to discuss how Africa can develop its oil and gas sector through strong, sustainable carbon-management strategies,” says Ore Onagbesan, Head of Energy for AOW.
“We remain committed to this event – as we have been for the past 29 years – as an energy forum that makes a positive global impact, and which leaves a legacy of socioeconomic development across the African continent.’’
This year, more than 2000 industry leaders including African governments and the private sector will be attending the five-day event, which offers pioneering industry-leading insights, and unrivalled deal-making opportunities.
AOW 2023 will feature prominent, highly influential speakers at the core of energy-sector development. This year’s speakers include Maggy Shino, Commissioner for Energy, Ministry of Mines and Energy; Phuthuma Nhleko, Chairman of Tullow; Paulino Fernando de Carvalho Jerónimo, CEO of ANPG; Luca Vignati, Head of Upstream at Eni; Dennis Zekveld, Country Chairman, Shell Namibia; and Nina Koch, Head of Africa, Equinor.
A new platform at AOW 2023 is the Finance and M&A Forum, sponsored by Herbert Smith Freehills, which will look at innovative project-financing models emerging to meet evolving ESG requirements. The forum will see banks, traders, advisors, and operators sharing knowledge on debt and equity financing in oil and gas during the transition, with practical examples from successful partners operating in challenging jurisdictions.
Another new feature is the Gas Forum, with Roger Brown, CEO of Seplat Energy; Unni Fjaer, Vice President and Country Manager for Tanzania, Equinor; and Duncan Wallace, Technical Director, Chariot.
The full day programme focusses on the potential of gas as Africa’s transition fuel, beginning with “Monetising Africa’s Gas in the Next 7–10 years”.
This year, Africa Oil Week again takes place alongside Green Energy Africa Summit 2023, billed as “the global platform for unlocking Africa’s sustainable energy potential”.Africa Oil Week 2023, Africa’s leading upstream event, runs from October 9–13 at the Cape Town International Conference Centre.
Ghana: NPA Changes Logo In Rebranding Move
Ghana’s petroleum downstream regulator, National Petroleum Authority (NPA), is currently rebranding its corporate image to make the organisation more visible to industry players and the public, both in Ghana and across the West African sub-region.
As part of the rebranding effort, the NPA has redesigned its corporate logo to reflect the regulatory mandate of the Authority.
The previous logo of NPA had two circles with the map of Ghana inside the first circle and the acronym NPA written on the map.
However, the current logo, which is more reflective of the work of the Authority, has the map of Ghana with the symbol of oil inside the map. And inside the oil symbol is an eye with NPA written beside it at the right side.
Energynewsafrica.com spotted the new logo in a post on Facebook by the CEO of NPA, Dr Mustapha Abdul-Hamid, on Monday, August 21, 2023.
The post, which was intended to promote LPG, which is clean energy compared to charcoal or woodfuel, sought to ask consumers what else could be harming their respiratory health.
“Let’s dive into the surprising culprit that poses a risk to your respiratory system,” his post said.
Speaking to Abdul-Kudus Mohammed, Corporate Communications Manager at NPA, about the logo, he said the previous logo did not reflect the work of the Authority, hence, the decision to change it.
“If you look at the present logo, it has a symbol of oil which talks about the industry within which we operate. And then, it carries an eye in-between, showing that we are regulator or having the eye on the industry and is situated within the Ghana map, meaning our jurisdiction is within Ghana. It clearly tells you that we oversee and regulate the activities of oil marketing industry in the downstream. Logos tell a story, so this new logo tells our story,” he explained.
According to him, the Authority would also properly name its head office located around the Dzorwulu traffic light to make it easier for consumers and industry players to locate it.
“This is part of a bigger corporate image,” he added.
The National Petroleum Authority was established by an Act of Parliament (NPA Act 2005, ACT 691) to regulate the petroleum downstream industry in Ghana.
As a regulator, the Authority ensures that the industry remains efficient, profitable, fair and at the same time, ensuring that consumers receive value for money.
Source: https://energynewsafrica.com
Alberta Halts New Wind And Solar Projects As Resistance To Renewables Grows
Alberta, Canada’s oil heartland, this month instituted a moratorium on new wind and solar power projects for a period of seven months.
The moratorium only concerns installations of over 1MW in capacity and its purpose is to give Alberta’s government time to study the impact of such installations on the grid, on the environment, and “Alberta’s pristine viewscapes”, according to the Wall Street Journal.
Alberta, however, is not the only one pushing back against wind and solar projects.
Reports from earlier in the year suggest that there is growing opposition in rural America against windmills and solar farms.
At the time, the WSJ suggested that this opposition could jeopardize the goals of the Inflation Reduction Act which represents the bulk of subsidies allocated for transition-related projects, with a heavy focus on wind and solar power.
Representatives of the wind and solar industries in Alberta are now expressing similar concerns.
The CEO of the Canadian Renewable Energy Association said that the moratorium will put at risk some 80 projects worth a combined $15 billion.
The WSJ notes in its report that most of the wind and solar installations in Canada are located in Alberta.
The oil province’s share of Canada’s total is 75% as of 2022, Vittoria Belissimo told the WSJ, with the total new additions last year in Alberta reaching 1.39 GW.
This fast buildout may be part of the problem. In its earlier report from May, the WSJ noted that opposition to wind and solar installations is coming from areas that have seen massive buildouts already.
The report cited Kansas as an example, with wind power capacity expanding fast over the past 20 years, coming to account for 45% of the state’s electricity output.
What followed was a moratorium on new wind and solar projects in more than a dozen counties in Kansas amid concern for the environment and the effect these installations are having on local ecosystems.
Source: Oilprice.com
The Unintended Consequences Of Severing Electricity Supply To Niger Amidst Recent Coup (Article)
Niger’s economy is based largely on subsistence crops, livestock, and some of the world’s largest uranium deposits. Drought cycles, desertification, a 3.4% population growth rate and the drop in world demand for uranium have undercut an already marginal economy. Traditional subsistence farming, herding, small trading, and informal markets dominate an economy that generates few formal sector jobs. It is a least developed and low-income economy for that matter.
I have four (4) very basic questions demanding answers from the ECOWAS Leaders on the decision to severe electricity to Niger: Is this the kind of country you opted to deny electricity access because of the recent coup? Where is the intercept of your action with the Sustainable Development Goals? What is the expected gain at the end of your action to Niger and ECOWAS? What is the real justification for your decision to cut the power supply to this nation?
The recent coup in Niger has not only ignited political turmoil but has also cast its shadow on vital sectors like energy, with the abrupt severing of electricity supply. This paper delves into the negative impact of disconnecting electricity supply to Niger in the wake of the coup. As electricity constitutes a lifeline for essential services and socio-economic activities, the disruption has far-reaching consequences that demand urgent attention.
Electricity’s Crucial Role
Electricity access in Sustainable Development Goals is a necessity of life and not a privilege towards eradication of poverty. Electricity is the heartbeat of modern societies, powering health care facilities, communication networks, water supply systems, and economic activities. The abrupt cessation of electricity delivery in Niger due to the coup ripples through every facet of daily life, exacerbating existing challenges and creating new ones.
Impact on Healthcare
Medical Facilities:
Hospitals and clinics heavily rely on uninterrupted electricity supply for medical equipment, life-saving procedures, and refrigeration of medicines. The sudden disruption threatens patient care, potentially leading to critical situations.
Vaccine Storage:
In the midst of a pandemic, the lack of electricity imperils the storage of vaccines, endangering ongoing vaccination efforts and public health initiatives.
Socio-Economic Disruption
Business Operations:
Industries, businesses, and commercial establishments are paralyzed without electricity. The halt in economic activities contributes to reduced incomes, unemployment, and economic instability.
Education:
Schools and universities heavily depend on electricity for online learning, digital resources, and administrative tasks. The outage disrupts education, impacting future human capital development.
Public Safety and Communication
Security Services:
Electricity is crucial for surveillance cameras, communication systems, and emergency response mechanisms. A power vacuum weakens public safety infrastructure.
Communication Networks:
Electricity outage affects telecommunications, impeding information dissemination and contact with loved ones during times of crisis.
Food Security and Water Supply
Agriculture:
Without electricity, agricultural operations are hindered, affecting food production, processing, and distribution. This can exacerbate food insecurity.
Water Supply:
Electricity powers water pumping and treatment systems. The lack of water compromises hygiene, sanitation, and access to safe drinking water.
Humanitarian Concerns
Vulnerable Populations:
The most vulnerable – children, elderly, and marginalized communities – suffer disproportionately during such disruptions, as they lack resources to cope.
Humanitarian Assistance:
The ability to deliver aid, medical supplies, and relief efforts is compromised, aggravating the impact of the coup on affected populations.
The Urgent Need for Remediation
The negative impact of severing electricity supply to Niger in the aftermath of the coup cannot be underestimated. As the nation grapples with political transitions, mitigating the collateral damage to essential services, healthcare, education, and socio-economic stability is paramount. International organizations, neighboring countries, and diplomatic efforts must collaborate to restore electricity supply swiftly, ensuring that the crisis does not morph into a humanitarian catastrophe. By prioritizing the restoration of electricity, Niger can begin the journey towards stability and recovery. Given the commissioning of the West Africa Power Pool (WAPP) and the Regional Electricity Market (REM), we do not expect to see political issues to become a barrier to the regional electricity trade.
Source: Dr. Elikplim Kwabla Apetorgbor, Power Systems Economist & CEO of the Independent Power Generators, Ghana.
Ghana: WAPCo’s New MD Calls On GRIDCo’s Chief Executive Officer
The newly appointed Managing Director of the West African Gas Pipeline Company (WAPCo), Ms Michelle Burkett, has visited Ghana’s power transmission company, GRIDCo, to officially introduce herself to the company.
She replaced Mr. Gregory Germani, who this portal understands transitioned to a new role at Chevron Pipeline & Power in Houston, Texas, USA.
Ms Burkett, who was accompanied by Dr Isaac Adjei Doku, General Manager of Corporate Affairs at WAPCo, held a meeting with the Chief Executive of GRIDCo, Ing Ebenezer Kofi Essienyi.
During the meeting, Ms Burkett praised the collaborative relationship between the two entities and emphasised transparent communication, especially in challenging circumstances.
She recognised GRIDCo as a vital downstream partner and pledged her dedication to strengthening this partnership.
Dr. Doku mentioned WAPCo’s efforts to enhance engagements with their key stakeholder, the media.
Ing Mark Baah, the Director of Southern Network Operations, revealed GRIDCo’s plans for Safety and Risk Management training sessions in support of WAPCo’s operations.
Also in the meeting were Mr Samuel Nkansah, the Director of Finance; Ing Stephen Debrah, the Manager for Dispatch; and Wofa Kojo Kwarteng, the Manager of the Executive Office.
Source: https://energynewsafrica.com
Ghana: GRIDCo Grabs Four Prestigious Awards At NGBLA 2023
Ghana Grid Company Ltd. (GRIDCo) secured four prestigious awards at the 3rd Annual National Governance and Business Leadership Awards (NGBLA) 2023, which took place in Accra, the capital of Ghana.
The awards earned were: Exemplary Energy Business Hero of the Year, which was presented to Ing Ebenezer Essienyi, GRIDCo’s Chief Executive, Outstanding Board Governance Award was presented to recognise GRIDCo’s exceptional Board efforts, National Top 20 Procurement and Supply Chain Leaders of The Year 2022, was awarded to Ing Nicholina Nkang-Ma Yembilah, GRIDCo’s Director of Procurement and Excellence in Procurement & Supply Chain Team of the Year (Energy-Silver)–Celebrating the outstanding achievements of the GRIDCo Procurement Team.
Themed: ‘Transformational Leadership; Passion, Vision & Strategic Management’, the event featured three prominent keynote speakers: Professor Emeritus Stephen Adei, former Chairperson of the National Development Planning Commission (NDPC); Mr Kwasi Agyeman Busia, Chief Executive of the Driver and Vehicle Licensing Authority (DVLA) and Mr Edwin Alfred Provencal, Managing Director of Bulk Oil Storage and Transportation (BOST) Company Limited.
Mr. Samuel Kow Acquah, Acting Director, Office of the Chief Executive, received the Chief Executive’s award on his behalf.
Mrs. Ama Benstiwa Haywood-Dadzie, Company Secretary, represented the Board whilst Mr. Richard Koranchie, Manager, Materials Management, received the award on behalf of the Procurement Team.
Ing Nicholina Nkang-Ma Yembilah, Director of Procurement, was present to receive her award.
The NGBLA, conceived by The Governance & Business Boardroom, is a distinguished programme aimed at acknowledging exceptional corporate governance, strategic leadership, economic empowerment and job creation in Ghana.
This impactful awards initiative serves as a platform to recognise and honour individuals and organisations contributing significantly to Ghana’s economic development and growth.
Source: https://energynewsafrica.com
Ing Nicholina Nkang-Ma Yembilah, Director of Procurement, was present to receive her award.
The NGBLA, conceived by The Governance & Business Boardroom, is a distinguished programme aimed at acknowledging exceptional corporate governance, strategic leadership, economic empowerment and job creation in Ghana.
This impactful awards initiative serves as a platform to recognise and honour individuals and organisations contributing significantly to Ghana’s economic development and growth.
Source: https://energynewsafrica.com Big Solar Slapped With Tariffs For Dodging China Duties
The US Department of Commerce will on Friday finalise a decision to impose import duties on solar panel manufacturers who made their products in Southeast Asian nations in a bid to avoid tariffs on Chinese-made goods.
The Commerce probe found that units of Chinese companies BYD, Trina Solar, Longi Green Energy and Canadian Solar (NASDAQ: CSIQ) were dodging U.S. tariffs on Chinese solar panels by finishing their products in Cambodia, Malaysia, Thailand and Vietnam before shipping them to the U.S. market.
The U.S. has had anti-dumping duties for a decade now on Chinese-made solar products after the government determined that Chinese companies were receiving unfair government subsidies that made it hard for U.S. panel manufacturers to compete.
The tariffs will hurt buyers of solar panels that rely on cheap products from China and Asia to make their projects competitive.
However, the tariffs are bound to be music in the ears of the small U.S. solar manufacturing industry, which has long struggled to compete with Chinese goods.
Meanwhile, the U.S. government is currently scrutinizing Chinese electric-vehicle battery and car parts supply chains for possible links to forced labor.
Under the newly enacted Uyghur Forced Labor Prevention Act (UFLPA), the U.S. has banned the importation of goods made in Xinjiang, China, where the U.S. believes Chinese authorities have set up labor camps for Uyghurs and other Muslim minority groups.
This could signal difficult times ahead for EV makers, who might be required to provide solid proof that their supply chains are free of any form of forced labor.
China Likely Tapped Its Crude Inventories In July
Two years ago, CBP banned U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labor allegations.
The U.S. Commerce Department also restricted exports to Hoshine, the paramilitary Xinjiang Production and Construction Corps (XPCC), Xinjiang Daqo New Energy Co, a unit of Daqo New Energy Corp. (NYSE: DQ,) Xinjiang East Hope Nonferrous Metals Co, a subsidiary of Shanghai-based manufacturing giant East Hope Group; and Xinjiang GCL New Energy Material Co, part of GCL New Energy Holdings Ltd.
Source: Oilprice.com
Kenya: KenGen Appoints Eng. Peter Njenga As Managing Director And CEO
Kenya Electricity Generating Company PLC (KenGen) Board has appointed Eng. Peter Waweru Njenga as Managing Director and Chief Executive Officer.
Eng. Njenga assumes the position previously held by Mr. Abraham Serem in an acting capacity.
“Eng. Njenga takes over leadership of the NSE-listed company at a pivotal moment as it unveils an ambitious 10-year plan to significantly increase baseload electricity generation, aiming to reach a milestone of up to 3,000MW of installed electricity generation capacity,” a statement issued by the company on Friday said.
Stepping into this pivotal role, Eng. Njenga brings with him a remarkable legacy of excellence in corporate leadership and management.
Prior to his appointment, he distinguished himself as a reputable energy expert most notably as General Manager for Infrastructure Development at Kenya Power.
Throughout his tenure, Eng. Njenga held various senior management positions and played a pivotal role in driving growth in the energy sector.
With an illustrious career spanning over 31 years, Eng. Njenga began as a graduate trainee at Kenya Power in 1991, and he steadily ascended the ranks to attain this prestigious appointment.
Eng. Njenga’s academic foundation includes a Bachelor of Science Degree in Electrical Engineering from the University of Nairobi, complemented by a Master’s Degree in Business Administration (Strategic Management) from the same institution.
Eng. Njenga’s appointment ushers in an existing era for KenGen PLC as it embarks on a transformative journey towards increased baseload electricity generation.
His strategic foresight, unwavering commitment, and dynamic vision make him a pivotal addition to the leadership team.
The KenGen PLC Board of Directors congratulated Eng. Peter Njenga on his appointment.
“The Board also takes this moment to acknowledge and express gratitude for the exceptional leadership demonstrated by Mr. Abraham Serem during his tenure in an acting capacity.
“The Board eagerly anticipates witnessing the realization of the company’s ambitious 10-year plan under Eng. Njenga’s able stewardship,” the statement concluded.
Source: https://energynewsafrica.com
Ghana: Daniel Osei-Appiah Appointed Acting Managing Director Of TOR
The immediate past General Manager for Finance at state-owned Tema Oil Refinery (TOR), Mr. Osei-Appiah has been appointed as the Acting Managing Director of the refinery.
Mr. Appiah worked at the refinery for several years and retired on July 11, 2023.
On Friday, August 12, 2023, this portal reported that Mr. Jerry Kofi Hinson, Managing Director of the refinery had been fired over the controversial planned leasing of the refinery to Torentco Assets Management, a private firm registered about six months ago without track record in the oil and gas business both locally and international.
Mr. Jerry Kofi Hinson had refused to sign the deal which many considered is not in the best interest of the State.
After the publication, a letter emerged suggesting that Mr. Jerry Kofi Hinson resigned due to ‘unforeseen health circumstances’, a claim some industry experts have described as laughable.
In a letter dated 17th August 2023, which confirms the appointment of Mr Daniel Osei-Appiah as the Acting Managing Director, and copied Board Chairman of Tema Oil Refinery, David K.T Adomakoh, Nana Bediatuo Asante, Secretary to the President of Ghana wrote “With reference to your correspondence no. BOARD)DKTA/eh/R..18/23 dated 14th August,2023, bearing on the above mentioned subject matter, I write to inform you that the President of the Republic has granted a no.objection to the appointment of Mr Daniel Osei-Appiah as Acting Managing Director for the Tema Oil Refinery TOR Ltd. Please accept the President’s best regards.”
Following the President’s approval, the Human Resource Department on Friday issued a notice informing all staff about the development.
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com Nigeria: Tinubu Appoints Banker As New Minister For Power
A former Deputy Governor of the Central Bank of Nigeria responsible for Operations Adebayo Adelabu has been appointed as the new Minister for Power by President Bola Ahmed Tinubu.
His name was part of the ministerial list released by the Presidency earlier in the week.
He started his career with PriceWaterhouse (now PricewaterhouseCoopers), an international firm of chartered accountants and management consultants.
During his seven years with the firm, he led and managed various audit and consultancy engagements for large banks and non-bank financial institutions within and outside Nigeria.
He was on secondment to the Central Bank of Nigeria for one year in 1999 when he led the finance team on the CBN re-engineering and corporate renewal project tagged “Project EAGLES”.
Adelabu left the firm in 2000 as an audit manager and senior consultant to join First Atlantic Bank as the Financial Controller and Group Head of Risk Management and Controls.
He was later promoted to Chief Inspector of the Bank in 2002 and Group Head of National Public Sector Business in 2003.
He then moved to Standard Chartered Bank as the West African Regional Head of Finance and Strategy (Consumer Banking Business) with dual offices in Lagos and Accra.
He was there till 2009 and later he became an Executive Director/Chief Financial Officer (CFO) of Nigeria’s largest bank, First Bank of Nigeria Plc. (FBN) at the age of 39.
He was later appointed by former President Goodluck Ebele Jonathan in February 2014 as Deputy Governor, Operations of the CBN.
Adelabu serves as the Chairman, of the Board of Directors of the Nigeria InterBank Settlement Systems and has chaired the board of the Financial Institution Training Centre.
He is also a serving member of the Board of Federal Inland Revenue Services, Nigeria Security Printing and Minting Company, the Assets Management Corporation of Nigeria, and the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of Chartered Institute of Bankers of Nigeria and an Associate Member of the Institute of Directors of Nigeria and the United Kingdom.
Adelabu has also taken up professional courses in various business schools, including Harvard, Stanford, Wharton, Columbia, Kelloggs, Euromoney, and the University of London.
Source: https://energynewsafrica.com
Energy Personalities Outreach Programme: ‘Aburi Girls’ Tasked To Take Responsibility For Their Lives
The reigning Energy Personalities of the Year (Male and Female) at the 2022 Ghana Energy Awards (GEA) in the Republic of Ghana, Emmanuel Antwi-Darkwa, Chief Executive of the Volta River Authority (VRA) and Ing. Harriette Amissah-Arthur, Executive Partner of Arthur Energy Advisors, have engaged students of the Aburi Senior High School for the 2023 Energy Personalities Outreach Programme.
Organised by the Energy Media Group (EMG), the Outreach was held under the theme: “Impacting the Next Generation Leaders Today.”
It is a platform for the apex winners of the Awards to interact with students of second-cycle institutions for them to learn about the energy sector and its prospects, as well as to help the youth to cultivate habits and develop attitudes requisite for a successful future.
The 2023 Energy Personalities Outreach Programme (EPOP) took place at the school’s premises in Aburi in the Eastern Region and involved over 900 students of the school.
The energy sector giants urged the students to own and take responsibility for their lives, and be intentional about their actions and choices.
They also tasked the students to use their time judiciously and effectively utilise all resources at their disposal to achieve their set targets.
Arthur Energy Advisors’ Executive Partner, Ing. Amissah-Arthur, the Energy Personality of the Year for 2022, advised the students to own their lives, manage their resources and relationships well, and define their idea of success.
Commitment, consistency, sustaining positive actions through the efficient and effective use of time, and developing individual capacities, according to her, will lead them to excel.
She subsequently called for more such programmes to extend the reach of youth engagements in the country, which will further spread and increase the impact of national empowerment efforts.
VRA’s Chief Executive, Emmanuel Antwi-Darkwa, who is a three-time winner of the Apex Award, encouraged the students to be ambitious and set goals for themselves, and to not be afraid to fail, but rather persevere with all humility to achieve what they set out to do while keeping God at the fore of their lives.
Speaking to the media, he underscored the need to bridge the existing gap in female participation, especially in the energy sector.
He said such avenues, such as the Energy Personalities Outreach Programme, create the needed platform to awaken their consciousness of their unique capabilities for the sector and stimulate an interest to aspire to its prospects.
Chief Executive Officer of the Energy Media Group, Ing. Henry Teinor, in a welcome address, noted that the Outreach programme “is designed to contribute to Ghana’s STEM education efforts, using the approach of mentorship to motivate the youth into developing interests and actively participating in the country’s energy sector.
The programme included a Character Development Session, and an Interactive Session, led by Lawyer Kwame Jantuah, Chairman of the GEA Awards Panel, where the students were allowed to ask questions.
This Outreach Programme is the fifth in the series and is an initiative of the Ghana Energy Awards. In previous years, EPOP has featured various schools including the Achimota School, West Africa Senior School, Nungua Senior High School, and the St. Mary’s Senior School in Accra.
Source: https://energynewsafrica.com


