Uganda, on Wednesday, connected the 600 Megawatts Karuma Hydropower Plant to the country’s national grid, energynewsafrica.com can report.
This means more power is now available for Ugandans.
The Karuma Hydropower Plant is built on the Nile River downstream of the Kyoga Lake in Kyandongo district, 270km from Kampala, the capital of Uganda.
The US$1.7 billion project was started in 2013 and was expected to be completed by the end of 2018. However, the project delayed due to some issues.
The project was executed by the Uganda Electricity Generation Company (UEGCL) with Sinohydro, a hydropower and construction company in China, as the main contractor.
In a tweet, Dr Harrison E. Mutikanga wrote “Commissioning the 600MW Karuma HPP is one of our top priorities this year and today we registered a big milestone.
“Unit #1 has successfully synchronised to the national grid. A big thank you to the teams that worked tirelessly towards this achievement,” he concluded.
A tweet by UEGCL also read: “History! Unit #1 of 6 at the 600MW Karuma HPP has successfully been synchronised to the national grid for the first time today at 16:14 Hrs. Each unit at Karuma HPP will generate 100 megawatts.
“This milestone marks the start of power generation at the soon to be commissioned plant,” the tweet concluded.
Source: https://energynewsafrica.com
Oil Marketing Companies (OMCs) in the Republic of Ghana have adjusted their pump prices downward with some reducing petrol by Gh¢1 while diesel saw more than 35 pesewas reduction.
Unlike other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every fortnight.
Given this, Oil Marketing Companies, on Thursday, started reducing their pump prices.
A litre of petrol is now selling between Gh¢11.99 and Gh¢12.95 while diesel is sold between Gh¢12.99 and Gh¢13.49.
Leading Oil Marketing Companies, GOIL, Shell and TotalEnergies are all selling petrol at Gh¢12.95 per litre while diesel is sold at Gh¢13.49 per litre.
Petrosol, one of the best indigenous Oil Marketing Companies, is selling petrol at Gh¢12.68 per litre while diesel is being sold at Gh¢13.24 per litre.
This means Petrosol has reduced its petrol price by 80 pesewas while diesel price reduced by Gh¢1.11.
Cash Oil is selling petrol is sold at Gh¢12.70 per litre while diesel is sold at Gh¢12.98 per litre.
Star Oil is selling petrol at Gh¢11.99 per litre while diesel is sold at Gh¢12.99 per litre.
Zen petroleum is selling petrol at Gh¢12.37 per litre while diesel is sold at Gh¢12.88.
Duke’s petroleum is selling petrol at Gh¢12.29 per litre while diesel is sold at Gh¢12.79 per litre.
Goodness selling petrol at Gh¢ 12.25 per litre while diesel is sold at Gh¢12.75 per litre.
Allied is selling petrol at Gh12.36 per litre while diesel is selling at Gh¢12.56 per litre.
Lucky Oil is selling petrol at Gh¢12.74 per litre while diesel is sold at Gh¢12.98 per litre.
Engen is selling petrol at Gh¢12.85 per litre while diesel is sold at Gh¢12.99 per litre.
Source: https://energynewsafrica.com
South Africa’s power utility company, Eskom, has clarified the recent approval of an 18.65 per cent increment in electricity tariffs by the regulator, National Energy Regulator of South Africa.
The increment was announced in January and it is expected to take effect from April 1, 2023.
In a statement issued by Eskom to clarify the increment, the power distribution company said, “Over 12 months of the Eskom financial year, commencing on 01 April, an 18.65% increase applies to Eskom directly supplied or non-municipal tariffs; which refers to Eskom’s standard tariff customers.”
Eskom added that the Municipal increase of 18.49 per cent would be effective on 1st July 2023.
Source: https://energynewsafrica.com
Sierra Leonean licensing bid round for 126 oil blocks has attracted several investors including five oil and gas super majors, energynewsafrica.com can report.
Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone, disclosed to this portal that the response from investors for the West African country’s oil blocks has been very positive.
Although he could not disclose the names of the investors, he said among them are five supermajors.
Sierra Leone has about 126 oil blocks with 56 blocks covering 63,600sqkm going for licensing round while 70 blocks are going for direct negotiations.
The blocks are 1,360 square kilometres each.
The West African country is home to a working petroleum system that was supported by small-scale oil and gas discoveries, including the Venus-B1, Mercury-1 and Jupiter-1 wells by Anadarko and the Savannah-1X well by Lukoil.
Oil and gas exploration in the country began nearly four decades ago with the drilling of two wildcat exploration wells but was put on pause sometime in 2015/2016.
Sierra Leone’s Petroleum Directorate operates under the mandate to unlock the full potential of its national hydrocarbon resources, regulating the exploration and production of affordable, reliable and cleaner energy across Sierra Leone.
The country has a favourable fiscal regime and offers good returns for investors.
Source: https://energynewsafrica.com
Russia has overtaken Saudi Arabia to be China’s top oil supplier in the first two months of 2023, according to Chinese government data, as buyers snapped up sanctioned Russian oil at steep discounts.
Arrivals from Russia totalled 15.68 million tonnes in January-February, or 1.94 million barrels per day (bpd), up 23.8 percent from 1.57 million bpd in the corresponding 2022 period, data from the General Administration of Customs showed on Monday.
Russia was China’s second-largest crude supplier last year, shipping 86.2 million tonnes.
Imports of Saudi crude totalled 13.92 million tonnes in the two-month period, equivalent to 1.72 million bpd, down from 1.81 million bpd a year earlier.
Saudi Arabia was China’s top supplier in 2022, selling 87.49 million tonnes of crude during the year, equivalent to 1.75 million bpd.
Western sanctions and a price cap on seaborne Russian crude following Moscow’s invasion of Ukraine have limited the buyer pool for Russian supply, leading it to trade at deep discounts to international benchmarks.
Independent Chinese refiners, many of them based in Shandong province, have been among the main beneficiaries of this shift in pricing power.
February-arriving Russian ESPO crude at Shandong ports was bought in January at a discount of about $8 relative to the ICE Brent benchmark, though the pricing advantage has been somewhat eroded by the entry of private Indian refiners into the ESPO market.
However, with domestic fuel demand rising following the lifting of COVID-19 restrictions, state-owned Sinopec and PetroChina resumed their purchases of Russian Urals grade cargoes in February after a brief pause in late 2022, just before the European Union embargo on Russian oil started.
Chinese refiners use intermediary traders to handle shipping and insurance of Russian crude to avoid violating Western sanctions.
Customs data also showed that imports from Malaysia were 0.65 million bpd over the period, up 144.2 percent from the same period last year. Malaysia is often used as an intermediary point for sanctioned cargoes from Iran and Venezuela.
Source: Aljazeera.com
China’s CMOC Group is expected to become the world’s biggest producer of cobalt—toppling Glencore from the top spot—after it opens a new mine in the Democratic Republic of Congo later this year, according to company filings and estimates by Bloomberg.
CMOC Group became one of the world’s dominant players in cobalt when it bought in 2016 the Tenke Fungurume mine in DRC, giving China a strong position in yet another mineral critical for the energy transition.
Now CMOC is expected to open a new mine in DRC in the second quarter of this year, which would make it a larger producer of cobalt than Glencore.
Yet, cobalt supply from the operating Tenke mine hasn’t been exported since July 2022 due to a dispute over royalties between the Chinese firm and its Congo state-held junior partner in the venture.
CMOC Group executives have signaled that the dispute could be resolved by the end of this month.
A price slump in the cobalt market in recent months was the result of a surge in supply and slower demand amid rising production in Indonesia, and an expected jump of cobalt supply out of the DRC once the CMOC Group royalty dispute is over.
Production growth in the DRC, the world’s top cobalt supplier, and in Indonesia, a relatively new entrant in the cobalt production market, drove the surge in cobalt supply last year, according to a Darton Commodities report cited by Bloomberg.
Another report from Darton Commodities, quoted by the Financial Times, expects that China’s share is set to hit 50% of global cobalt output in the next two years. China’s CMOC Group is the second biggest producer of cobalt in the DRC, the country providing 75% of the global supply currently.
In cobalt refining, China’s grip on the market is even higher as it holds 77% of the global cobalt refining capacity, FT noted.
Source: Oilprice.com
Ghana’s effort of ensuring that the country does not become a dumping ground for used obsolete and inefficient electrical appliances has yielded positive results.
It is interesting to note that within the last seven years, the country’s technical electricity regulator, the Energy Commission, has succeeded in prohibiting the importation of about 4.2 million used obsolete and inefficient refrigerators into the country.
The importation of used obsolete and inefficient refrigerators and other electrical appliances into the West African nation brought about environmental hazards as well as inefficient use of electrical energy.
To address the issue, the Energy Commission put together several regulations that were duly passed by Ghana’s Parliament to set a benchmark on the Minimum Energy Performance Standards (MEPS) before being allowed into the country.
It also sorts to revise the regulation, L.I. 1932 (2008) which prohibits the importation of used obsolete and inefficient electrical appliances to make it more punitive and add obsolete accessories which were considered as a legal lacuna.
In a presentation by Edwin Kwasi Tamakloe, Senior Officer for Energy Efficiency Regulations, and Hubert Zan, Assistant Manager at the Energy Commission at a stakeholder meeting on the new regulations on electrical appliances last Monday, it showed that importation of used obsolete and inefficient refrigerators had declined drastically within the last seven years.
According to the data that was presented, 224,100 used obsolete and inefficient refrigerators were imported into the country in 2005.
The figure rose on yearly basis hitting about 419,145 in 2012.
However, in 2013, upon the full enforcement of the L.I. 1932 (2008), the figure dropped to 158,699 in 2013 and drastically reduced to 3,944 in 2020.
According to Edwin Kwasi Tamakloe, looking at the consistent increases in the smuggling of used obsolete and inefficient refrigerators into the country, the passage of the LI 1932 prohibited 4.2 million refrigerators from coming into the country between 2013 and 2020.
This, he said, has also resulted in total savings of 5,062 gigawatts hour (GWh) of electricity (about half of the Thermal generation in 2018).
He revealed that since the enforcement of the ban on used obsolete and inefficient refrigerators, 46,660 used and 11,003 used RACs had been confiscated.
Touching on the transformation that has taken place in the refrigerator market since the ban on used refrigerators, he noted that the enforcement of the L.I. 1958 (2009), which sets Minimum Energy Performance Standards (MEPS) for refrigerators in the country, has been a huge success.
Therefore, the regulation has been revised to be relevant to technological change since its passage in 2009.
He noted that the importation of energy-efficient refrigerators has witnessed consistent growth from below 30,000 to over 600,000 in 2021.
According to him, about 3.74 million new refrigerators have been imported into the country since 2006.
Edwin Kwasi Tamakloe, Senior Officer for Energy Efficiency Regulations, Energy Commission, Republic of Ghana
There was, therefore, the need to replicate the success story of the appliance Standards and Labelling by identifying appliances with potentially high energy savings and setting Minimum Energy Performance Standards (MEPS) to protect the Ghanaian consumer from high bills as a result of used old Obsolete appliances and new sub-standard appliances.
Hubert Zan, Assistant Manager, Energy Efficiency Regulations
Source: https://energynewsafrica.com
The fear of being disconnected from the national grid has compelled Ghana’s Parliament to settle part of its indebtedness to the Electricity Company of Ghana (ECG).
The West African nation’s legislative body owed the power distribution company about Gh¢13 million.
However, the legislative body issued a cheque of Gh¢3.5 million on Monday, March 20, 2023, when the ECG’s revenue mobilisation taskforce visited the House.
They also promised to pay an additional Gh¢5 million through the Ministry of Finance to bring the total to Gh¢8.5 million.
“GHȼ5 million of the GHȼ8.5 million they promised will be paid by the Finance Ministry through the GIFMIS platform. They have written a cheque for the rest of the GHȼ3.5 million but we asked them to process it electronically because we are not accepting cheque or cash in this exercise,” Laila Abubakari, Manager in charge of External Communications of the ECG, said.
The ECG, on Monday, commenced a month-long revenue mobilisation exercise across its operational areas.
The power distribution company is hoping to collect about Gh¢5.7 billion.
All ECG staff, from the top management to junior officers, would be used to retrieve all the monies owed to the company.
Source: https://energynewsafrica.com
Eskom chairman Mpho Makwana says Eskom’s staff morale is very low, with employees struggling to make friends and their children getting bullied at school.
Makwana made these comments during an interview with Newzroom Africa’s Xoli Mngambi, focusing on problems at the power utility.
Irvin Jim, the general secretary of the National Union of Metalworkers of South Africa (NUMSA), said Eskom workers are permanently under siege.
“They are presented as thieves by the government because of shenanigans that take place around power stations where they work,” Jim said.
“We are dealing with a workforce with very low morale”, which Jim said impacts the ability of the government to fix Eskom and resolve load-shedding.
Makwana agreed with Jim, saying it can be expected that there is low staff morale among Eskom employees.
“The average Eskom employee, unionised or not, is under siege. Irvin Jim is correct,” he said.
“Their children get bullied at school. Their wives and husbands struggle to mingle in communities because they are seen as letting the country down with load-shedding.”
The Eskom chairman urged union leaders to reach out to the acting Eskom CEO and seek a partnership to address the problems.
“Rather than go on national TV and bemoan the situation, let’s sit around the same table as partners,” Makwana said.
“As partners, we can discuss how we turn this place around. Let’s go back to 2001, when Eskom was power utility of the year, and say how we can revive that.”
“We must find out how we can rekindle Eskom as a great place to work and which deliver electricity with pride to the nation.”
Former Eskom CEO Andre de Ruyter left the power utility “with immediate effect” following his explosive interview on ENCA.
Eskom said the decision followed the convening of a special Board meeting on 22 February 2023.
“The Eskom Board and Group Chief Executive (GCE) Andrè de Ruyter had reached a mutual agreement to curtail his notice period to 28 February 2023,” Eskom said.
Revelations in the interview and the CEO’s sudden departure added further fuel to the Eskom fire, which Makwana said they are addressing.
“We’ve had three virtual conversations with our staff after De Ruyter’s departure. I’ve also had a leadership talk,” he said.
The leadership talked centred around what is right at Eskom. “To have the energy to fix what is wrong at an organisation, you also have to celebrate what is working,” Makwana said.
The focus is to inspire the top leadership at Eskom, which the board hopes will filter down to other employees.
He highlighted that the responsibility of staff engagement lies with the chief executive and that the board always comes as guests of Eskom executives.
Source: dailyinvestor.com
The Africa Refiners and Distributors Association (ARDA) has elected Dr Mustapha Abdul-Hamid, Chief Executive of Ghana’s National Petroleum Authority (NPA), as its new President.
The election took place in Cape Town, South Africa, where the Association is holding its five days annual conference.
The Executive Committee of the continental body approved the nomination of Dr Abdul-Hamid as put forth by the Executive Secretary on Sunday 12th March 2023.
The General Assembly at its meeting on Thursday 16th March 2023 unanimously endorsed the nomination to make Dr Abdul-Hamid the President of ARDA for the period, 2023-2024.
The Presidency of ARDA is for one year and renewable for another year.
In submitting Dr Abdul-Hamid’s nomination, the Executive Secretary of ARDA, Anibor Kragha said, “Dr Abdul-Hamid has brought a lot of dynamism and change to the petroleum downstream in Ghana.
“The nominee’s integrity and honesty in public life are qualities that ARDA needs at this time” he added.
Before the vote by the General Assembly, the immediate past President of ARDA, Madame Marieme Ndoye Decraene, asked Dr Abdul-Hamid to address the assembly and say why his nomination should be approved.
Addressing the assembly, Dr Abdul-Hamid said, “I have been Chief Executive of the National Petroleum Authority (NPA) since July 2021 and I believe that in my time at the NPA, we have put in place reforms that are transforming the landscape of the downstream petroleum industry in Ghana.
“Secondly, I have been in leadership for most of my adult life, including serving as Minister for Information for the Republic of Ghana and also as Minister responsible for Inner City and Zongo Development.
“I, therefore, believe that I can bring my wide experience in leadership to bear on ARDA and ensure its growth and development for the betterment of the downstream petroleum industry in Africa.”
When the question was put, Dr Abdul-Hamid’s nomination was unanimously endorsed.
Addressing the General Assembly, the newly sworn-in President of ARDA, Dr Mustapha Abdul-Hamid, promised to work closely with the Executive Secretary and the Abidjan secretariat to ensure the growth and development of ARDA.
Dr. Abdul-Hamid thanked the out-gone President, Madame Marieme Decraene, for her good work and promised to further improve the fortunes of ARDA.
The next annual conference of ARDA takes place in March 2024 in Abidjan, Cote D’Ivoire.
ARDA is the association of all downstream petroleum operators in Africa and the voice for all downstream petroleum stakeholders.
The organisation is made up of members who share a common interest in matters about the refining, storage, distribution and regulation of petroleum products in Africa.
ARDA has a membership of 74 organisations from 52 African countries.
ARDA has its legal headquarters in Geneva, Switzerland, and its operational headquarters in Abidjan, Cote D’Ivoire.
Source: https://energynewsafrica.com
Ghana’s petroleum downstream regulatory institution, National Petroleum Authority (NPA) boss, Dr. Mustapha Abdul-Hamid has highlighted regulatory measures the Authority has implemented to ensure stability across the West African nation’s petroleum downstream sector, following the global oil and gas market volatility caused by the Russian-Ukraine war and energy transition-related policies.
Speaking during a presentation at Africa Refiners and Distributors Association (ARDA) Week 2023, which is currently taking place in Cape Town, South Africa, Dr Abdul-Hamid called for increased cooperation between African countries and players within the downstream sector, and between private and public sector institutions to ensure the security of energy supply and affordability.
“For the first time in 30 years, we have installed fuel caps as a measure to intervene and to control market instability,” he said.
This has helped restrict uncontrolled increases in fuel and energy prices at the height of the global market instability since the conflict between Russia and Ukraine started, he stated.
The regulator also spoke about the ‘Gold for Oil’ programme, whereby the country is leveraging its vast gold resources to buy petroleum from international markets.
“We exchange gold directly for petroleum products from international firms. We buy the gold directly from large and small mining firms and exchange it for petroleum. This has stabilised our industry and kept energy prices affordable,” he said.
In addition, the Ghanaian government, through the NPA, has also removed energy subsidies, with Dr Abdul-Hamid stating that “we have removed subsidies and deregulated our markets. Industries were shutting down because the government was finding it hard to find the money to provide subsidies and to this day, the industry is being powered by investments in the private sector and there are no complaints of supply. We are ensuring affordability and security for the vulnerable consumers through the removal of energy subsidies.”
With the lack of adequate refinery capacity being one of Ghana’s key challenges restricting the exploitation of local oil and gas resources to drive energy sector growth, the NPA has also created a special fund to help refineries to boost their capacity to reach 50bbl and be able to meet the country’s growing demand.
“Ghana has also ensured the NPA is a one-stop-shop for everything required for firms to participate in the country’s oil and gas industry. By so doing, we have the time spent in registering and getting projects and firms up to the ground,” he said.
Dr Hamid highlighted the roles of the Gas Master Plan, the Renewable Energy Plan and the Trade Policy in maximizing the country’s energy mix diversification and the exploitation of liquefied petroleum gas, as well as natural gas to boost electricity generation and consumer access to clean cooking while ensuring environmental sustainability.
“There must be a healthy balance of energy equity, accessibility and environmental sustainability in driving energy market growth. “We want to transform through natural gas which is the cleanest form of energy to date while accelerating local content development.
“We also want to use carbon credits to innovate our financing mechanisms,” he noted.
Source: https://energynewsafrica.com
Kenya has signed deals with UAE’s ADNOC and Saudi Aramco for the supply of petroleum products with a six months credit period.
The deals were signed last Friday, according to the energy minister Davis Chirchir, who addressed journalists after two firms were picked from seven bidders.
The move is designed to curb demand for dollars that has weakened the local currency.
The East African nation is switching to the longer payment period from settlement on delivery, to remove the need for importers to spend hundreds of millions of dollars every month.
Foreign currency traders have cast doubt on the ability of the plan to stem the pressure on the shilling currency, saying it merely amounts to a postponement of demand.
The plan is also being challenged by some private petitioners at the High Court.
Petrosol Ghana Limited, one of the leading indigenous Oil Marketing Companies (OMCs) in the Republic of Ghana, has announced a reduction in prices of both gasoline and gasoil across its service stations effective Friday, March 17, 2023.
According to a release by the company, a litre of petrol is selling at Gh¢12.68 while diesel is selling at GH¢13.24.
During the first pricing window which ended on Wednesday, March 15, 2023, Petrosol sold petrol at Gh¢13.49 per litre while diesel was sold at Gh¢13.57
Per today’s announcement, petrol price has been reduced by 81 pesewas while diesel saw a reduction of 33 pesewas.
This means petrol saw a 6.0 per cent reduction while diesel saw a 2.43 per cent reduction.
Fuel prices have been falling in the West African nation as a result of two key factors notably the fall in crude oil prices on the international market and the stability of the local currency, the cedi.
Crude oil prices were hovering around US$83 per barrel last week but on Wednesday, March 15, 2023, both WTI and Brent, the international benchmark crude, tumbled.
Source: https://energynewsafrica.com
Ghana’s leading Oil Marketing Company, GOIL Plc, has commissioned its refurbished Kaneshie-Odorkor service station in Accra, the capital of Ghana, and renamed it Atico Junction Service Station.
The newly renovated station now has two pump islands with four nozzles each to serve customers with GOIL’s high-grade fuels, Super XP RON 95 and Diesel XP.
The station is also equipped with an ultra-modern lube bay, a GO Cafe and a cafeteria serving as a one-stop shop for customers.
Speaking at the commissioning, the Group CEO and Managing Director of GOIL, Mr Kwame Osei Prempeh appealed to Ghanaians to patronise GOIL fuels and lubricants to benefit quality products at the best prices.
The Zonal Manager for the South Marketing area comprising Accra and its environs, Helen Kyeremanteng, highlighted the add-on services at GOIL’s service stations and encouraged customers to utilise the GOCafes and lube bays for a complete customer experience.
In attendance were the Assistant Chief Fire Officer and Regional Commander for Greater Accra, Mrs Roberta Eva Ganson, Divisional Commander of the Ghana Police Service, Odorkor, Mr Apenteng, General Secretary of the Kaneshie-Takoradi Drivers’ Association, Mr Philip Rockson, the Chairman of the Kaneshie Drivers’ Association, Mr Samuel Boadu, and GPRTU representatives at Kaneshie.