Ghana: CEO Of Ghana Gas Appointed Chairman Of Society Of Petroleum Engineers

A renowned oil and gas infrastructure engineer and Chief Executive Officer of Ghana’s national gas company, Dr Benjamin  K.D Asante, has been appointed Chairman of the Society of Petroleum Engineers (SPE), Ghana Chapter. Society of Petroleum Engineers is the largest individual member organisation serving managers, engineers, scientists and other professionals in the global upstream segment of the oil and gas industry. It has over 124,800 members in 134 countries across the world. Dr. Asante will steer the affairs of the SPE Ghana Chapter for one year. Commenting on the appointment, Dr. Ben K.D Asante said,” I’m ready to serve by working to ensure that the key focus of the organization in Ghana, which is closing the gap between industry and academia is achieved.’’ Profile of Dr Ben K.D Asante Dr Ben K.D Asante is currently the Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas). He has over 25 years of global experience in the oil and gas industry. He is one of the few African oil and gas engineers to have testified as an expert pipeline engineer before the US Supreme High Court. He has also provided expert witness testimonies on gas custody transfer disputes in South America. Dr Asante is a lecturer at the School of Engineering, Kwame Nkrumah University of Science and Technology (KNUST), and a former Engineering and Technical Director of Ghana’s premier Gas Infrastructure project, which birthed the Atuabo Gas Processing Plant and allied gas infrastructure in the Western Region, Ghana. He is the mastermind of Ghana’s first Gas Master Plan in 2008. He has also provided consulting, engineering services, project management and technical support for various projects throughout the world, including the World Bank and Asian Development Bank (ADB). He has also worked in various technical and management roles for major Operating Companies and Engineering Consulting companies in Canada, including Nova/TransCanada; USA and Ghana. He was adjudged the Best Worker for the Year for Excellence at the Global Energy Firm, Enron Corporation, in 2001. Dr. Asante holds a BSc in Chemical Engineering from KNUST, Ghana, and MSc in Chemical Engineering from the University of Calgary, Canada. He also obtained a PhD in Chemical Engineering from Imperial College, London/University of Calgary, where he later taught Gas Processing and Pipeline Engineering. He has published 15 technical papers and made over 80 technical presentations within and outside North America on Oil/Gas Infrastructure Design and Operations.   Source: https://energynewsafrica.com    

COP27: Opoku Prempeh Charges African Energy Ministers To Unite Against Attempt To Stop Oil & Gas Exploitation In Africa

Ghana’s Minister for Energy, Dr. Matthew Opoku Prempeh, has charged his colleague Ministers for Energy at this year’s United Nations Climate Change Conference (COP27) in Egypt to have a united voice and stand up against attempts by environmentalists pushing for Africa to abandon its gas and oil resources and instead shift to renewable energy sources. “We should not allow ourselves to be divided,” Dr Matthew Opoku Prempeh made the call during a panel discussion at the recent African Energy Week 2022 in Cape Town, South Africa. According to Dr Opoku Prempeh, Africa is awash with huge minerals and oil and gas resources and, therefore, cannot abandon them while the majority of the youth are without jobs and struggling to survive. Dr Opoku Prempeh stated categorically that Africa would continue to exploit its mineral resources to bring development and lift the majority of the people from poverty. He warned that any attempt to abandon the continent’s huge mineral resources could trigger chaos. “We are going to use what God has given us to develop our nations,” he said. Using Ghana as an example, Dr Prempeh said millions of Ghanaians do not have jobs and “you want me to go and stand in front of them and say we’re not going to exploit our oil and gas? There will be a coup,” he stated. According to him, it appears that some people deliberately want to set up African leaders for coup d’état. “It was an existential threat for Africa to be told that don’t exploit your oil resources,” Dr Matthew Opoku Prempeh pointed out. Making a strong case for why oil and gas resources have to be exploited and not abandoned, Dr Matthew Opoku Prempeh said God in His wisdom created the sea, wind, and sun and put oil and gas resources under the earth for man’s exploitation. Shooting down the argument and supporting the shift from the use of fossil fuels to renewable sources of energy, Dr Matthew Opoku Prempeh said if the answer to energy security was in, say, solar energy, God would not have put oil under the desert of Saudi Arabia because of the abundance of sun. “If we are going to participate in the energy transition process, we are going to use what God has given us to achieve that,” he stated forcefully. “Why did God put oil in Gabon. He put the trees and He put the oil. We have to exploit both. You can’t say you want to exploit one and leave the other. How are you going to exploit one without touching the other?” He quizzed. COP27 is scheduled for November 7 and 18 in Egypt.       Source: https://energynewsafrica.com

Ghana: Alex Mould Proposes Restructure To Limit OMCs, BDCs Operating Downstream

A former Chief Executive Officer of the National Petroleum Authority (NPA), Alex Kofi Mould, is advocating for a restructuring of Ghana’s petroleum downstream sector in a manner which will lead to a drastic reduction in the number of oil marketing companies and bulk oil distribution companies. Data sourced from the NPA’s website indicates that as of August 2022, there were about 235 oil marketing companies and 48 bulk oil import distribution and export companies. In the view of Mr Mould, the number of OMCs and BDCs operating in the downstream petroleum sector are too many, hence, the need to downsize them. Suggesting what should be done to restructure the sector to address the current forex losses by OMCs and BDCs which is making some of the companies struggle to remain in business, Mr Mould said, “We need to limit the number of BDCs and OMCs operating via a volume-limit mechanism.” Explaining what he meant by volume mechanism, he said the BDCs and OMCs should be given the number of volumes of oil they have to import or supply to the market. He said any OMC that has had a licence for the last five years, but has not hit the agreed threshold of, for example, 200 million litres of fuel sales should be shut down or its licence not renewed. Again, he said any BDC that does not meet the agreed threshold of, for example, 500 million litres within five years of receiving its licence should be shut down. Per data available on the NPA’s website, only Goenergy Company Limited, Juwel Energy Ltd and Blue Ocean Investments Ltd supplied about 500 million litres of fuel. For the companies that supplied between 250 million litres and 500 million litres, the data showed Marathon Oil Services Ltd, Dominion Int. Petroleum Ltd, Chase Pet. Ghana Ltd, Astra Oil Services Ltd, Fueltrade Ltd. The remaining 48 BDCs supplied below 200 million litres.         Source: https://energynewsafrica.com  

Ghana: Stop Looking Elsewhere For Cheap Fuel And Revive TOR To Save Ghanaians…IES Tells Akufo-Addo

Energy Think Tank, Institute for Energy Security (IES) has charged President Akufo-Addo to look within Ghana to address the rising fuel prices instead of looking elsewhere for affordable and reliable sources of fuel to satisfy customers. According to the IES, President Akufo-Addo’s intention to search for reliable and affordable fuel sources may be in vain at this time. Instead, the IES believes President Akufo-Addo’s administration must do everything possible to ensure that the Tema Oil Refinery (TOR) is revived to commence crude oil processing to save Ghanaians from the untold hardship as a result of the rising cost of fuel. The IES described as shocking that the Energy Ministry is leading a group roaming the world for reliable and regular sources of affordable petroleum products for Ghanaians, abandoning its role to urgently bring TOR into an operational mode to provide that reliability to an uninterrupted supply of fuel for the country. “The search for that heavily discounted fuel price from elsewhere is an unrealistic hope, and the team may return empty-handed unless the expectation/request is exchanged with something valuable to the would-be supplier. “It beats one’s imagination how an oil-producing country with a refinery capacity of 45,000 barrels per stream day (bpsd), would have its top government officials abandon its domestic competitive advantage, and rather seek to import refined petroleum product elsewhere, in the name of reliability and affordability,” the IES said in a statement issued by Fritz Moses, Research Analyst. The IES said the government’s sudden appetite for imported fuel to address reliability and cost-related issues can best be described as reactionary, morally indefensible, misplaced priority and a deliberate attempt to increase the fiscal burden of the Ghanaian economy. It argued that “the state is better off prioritising local crude refining, instead of importation of refined products.  “Once more, the Institute for Energy Security (IES) wishes to appeal to the President to look within—bring back TOR in the shortest possible time, refine Ghana’s crude domestically, work to strengthen the local currency, and ensure an adequate amount of dollars is made available to importers of fuel.”     Source: https://energynewsafrica.com  

Canada: OPG Applies For Construction Licence For Darlington SMR

Ontario Power Generation (OPG) has submitted an application for a Licence to construct a small modular reactor (SMR) at the Darlington site, where it plans to build Canada’s first commercial, grid-scale SMR. This licence is required before any nuclear construction work on the SMR at Darlington can begin. Site preparation work – which consists of non-nuclear infrastructure activities, such as clearing and grading parts of the site to build roads, utilities and support buildings, and for which the site is already licensed – began in October and is planned to continue into 2025. The Licence to construct application, lodged with the Canadian Nuclear Safety Commission (CNSC) on 31 October, was developed collaboratively between OPG and GE Hitachi, the designer of the BWRX-300. A number of information packages will be submitted to the CNSC in sequence, over the next six months. According to the CNSC, a Licence to construct requires an applicant to demonstrate that the design of the proposed facility “conforms to regulatory requirements and will provide for safe operation over the proposed plant life, and responsibility for all activities pertaining to design, procurement, manufacturing, and construction and commissioning.” The regulatory review process includes opportunities for Indigenous Nations and Communities and the public to discuss the application, ask questions and raise areas of interest, OPG said, culminating in a public hearing, held by the CNSC. This is likely to take place in 2024. The Darlington site is the only site in Canada currently licensed for a new nuclear build, with an accepted environmental assessment and site preparation licence. OPG expects to make a construction decision by the end of 2024 and has set a preliminary target date of 2028 for plant operations. The BWRX-300 is a 300 MWe water-cooled, natural circulation SMR with passive safety systems that leverages the design and licensing basis of GEH’s ESBWR boiling water reactor. It is currently undergoing a CNSC pre-licensing Vendor Design Review. The Canada Infrastructure Bank recently committed CAD970 million (USD713 million) towards the Darlington New Nuclear Project in the bank’s largest investment in clean power to date, providing financial certainty and signalling federal support for the project.     Source :World Nuclear News

Glencore Energy UK Ordered To Pay $310M Fine Over Bribery Offences In Africa

Glencore Energy UK Limited, a subsidiary of Swiss mining and trading giant, has been ordered to pay a total penalty of 276.4 million pounds ($310.6m) by a London court for seven bribery offences in relation to its oil operations in Africa. The Presiding Judge of the Southwark Crown Court, Peter Fraser ordered the company to pay a fine of £182.9m and also approved £93.5m ($105m) to be confiscated from the company. The company paid $26m (£23m) through agents and employees to officials of crude oil firms in Nigeria, Cameroon and Ivory Coast between 2011 and 2016. Prosecutors said Glencore Energy UK employees and agents used private jets to transfer cash to pay the bribes. The judge said the offences to which Glencore had pleaded guilty represented “corporate corruption on a widespread scale, deploying very substantial sums of money in bribes. “The corruption is of extended duration and took place across five separate countries in West Africa but had its origins in the West Africa oil trading desk of the defendant in London. It was endemic amongst traders on that particular desk,” he said. On Wednesday, Britain’s Serious Fraud Office (SFO) told the court that Glencore Energy UK Limited paid–or failed to prevent the payment of–millions of dollars in bribes to officials in the five African countries. “The bribery was a process that went on for several years in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan,” he said. “Some of the more lurid details that have been heard over the last couple of days in the court were that Glencore paid middlemen to fly cash around Africa in private jets, taking them from country to country to bribe officials.” Glencore, a Swiss-based multinational said in May, it expected to pay up to $1.5bn in relation to allegations of bribery and market manipulation in the United States, Brazil and the United Kingdom. Clare Montgomery, representing Glencore, said: “The Company unreservedly regrets the harm caused by these offences and recognises the harm caused, both at national and public levels in the African states concerned, as well as the damage caused to others.” Judge Fraser said in his sentencing remarks: “Glencore has engaged in corporate reform and today appears to be a very different corporation than it was at the time of these offences.”     Source: https://energynewsafrica.com

South Africa: Safety Will Not Be Compromised If Koeberg Power Plant Lifespan Is Extended-De Ruyter

Eskom’s Group Chief Executive Andre de Ruyter says measures will be taken to ensure that safety is not compromised if the lifespan of the Koeberg Nuclear Power Station is extended for another 20 years. De Ruyter, Eskom’s executive team and the new Board appeared before a joint meeting of Public Enterprises and Mineral Resources and Energy departments, to discuss the energy crisis in the country. The discussions focused on the Koeberg Power Plant. According to De Ruyter, it makes sense to extend the lifespan of Koeberg whose current operational lifespan will end in July 2024. De Ruyter says they are working with the national nuclear regulator to apply for an extension. In September, the power utility denied allegations that it is anti-nuclear power. This was after concerns were raised to the power utility by the portfolio committees on Mineral Resources and Energy as well as Public Enterprises. MPs raised concerns about the slow pace of maintenance at Koeberg and the impact on power supply.       Source: https://energynewsafrica.com

Ghana: Gov’t Must Cushion Ghanaians Against Current Fuel Price Hikes—Minority Group

The Minority Group in Ghana’s Parliament is asking the Akufo-Addo administration to use part of the over GH¢8 billion revenue accrued from petroleum products to cushion petroleum consumers against the current price hikes. According to the Minority, the government has received over GH¢8 billion from petroleum resources in less than three months, as against its GH¢6 billion projection for the year. Speaking to journalists on Wednesday, November 2, 2022, the Ranking Member on the Mines and Energy Committee of Parliament, John Jinapor urged the government to act in halting the escalation of fuel prices which he bemoans has seen over 300 per cent increase in less than a year. “In less than three months, the government has received over GH¢8 billion from our petroleum resources. So in three months, the government has received more than it projected for the whole year, so the government is making supernormal profits. Even the Price Stabilization and Recovery Levy, which is supposed to subsidise fuel, the government projected that in the first two quarters, it will receive GH¢269 million and as we speak, from the Ministry of Finance’s record, the government has received GH¢800 million. And so this notion that the government is not making any money is a fallacy. “The government is making so much money from our petroleum resources. I, therefore, call on President Akufo-Addo and the outgoing Minister for Finance that they should do something about this pricing increment. They should sit up and think outside the box and apply these supernormal profits to cushion the ordinary Ghanaians.” Mr Jinapor indicated that the economic crisis worsens by the day as he received calls every day from some of his constituents seeking diverse assistance to enable them to stay afloat. “I receive calls every day from members in the Constituency from people who cannot even afford one square meal a day…people who cannot even send their kids to school because of the exorbitant fuel prices which are having a cascading effect on food prices and general cost of living. “We hold the view that the government can do something about the fuel price increment. The government must sit up. The government must do something and the government must cushion the ordinary Ghanaians.” The price of diesel shot up to GH¢23.49 per litre on Tuesday, according to the latest prices advertised by TotalEnergies at the pumps. Petrol is selling at GH¢17.99 per litre, while Kerosene is selling at GH¢14.70.     Source: https://energynewsafrica.com

Kenya: Power Supply Fully Restored In Areas Hit By Power Outage

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Kenya Power has restored power supply to all the areas which were affected by system disturbances on Wednesday morning. Parts of Nairobi, Coast and Mt Kenya regions experienced power cuts at about 11 am on Wednesday. In a statement issued, Kenya Power attributed the power outage to system disturbances. The company assured residents who were affected that it was working in collaboration with other players to restore the power supply as soon as possible. In a later statement issued on Wednesday at about 8:58 pm Kenyan time, the power distribution company said, “We are glad to report that normal electricity supply has resumed in a ll areas following successful restoration of power generation plants that had earlier been affected by a system disturbance.” “We thank all our customers for their patience,’’ the company said.     Source: https://energynewsafrica.com

Ghana: Subsidies On Residual Fuel Oil Was Creating Shortage–NPA

Ghana’s petroleum downstream regulator, National Petroleum Authority (NPA) has said it has become unsustainable to keep the subsidy on Residual Fuel Oil (RFO) because the subsidy on it was affecting its supply. It, thus, explained the suspension of the subsidy on RFO was to ensure the regular supply of the product to the industry since the high price of fuel and the continuous depreciation of the cedi against the dollar have made it unsustainable to keep the subsidy on RFO. Addressing a press conference in Accra on Wednesday, the Head of Economic Regulation of NPA, Mr. Abass Ibrahim Tasunti said the revenue the country was generating from the Price Stabilization and Recovery Levy had not been enough to pay for the subsidies accruing from RFO and premix fuel. He stressed that as the prices of fuel and the exchange rate rise, subsidy levels also rise because the full costs of the products are not being passed to the consumer.  ”The suppliers of this product (RFO) are refusing to supply because the subsidies are not being paid on time. And because the subsidies are not being paid on time, the companies have refused to supply the product. They sell and they are not recovering the full cost, and they are also not getting the subsidies paid to them,” he said. The government paid GHc136 million as a subsidy on RFO in 2021 and again paid GHc52 million out of the total subsidy of GHc154 million for the period January to September 2022, leaving a balance of GHC102 million.  Mr. Tasunti said the manufacturing industry had suffered to access RFO to power their machines, leading to the closedown of some factories. He said the NPA had engaged players in the manufacturing sector on the challenge in the supply of RFO and the resolution was that in the meantime, the subsidy on RFO should be removed so that they could pay the full cost to ensure regular supply of the product and get their factories running. ‘The industry prefers to pay the full cost of RFO so they can continue running their factories than not to have their products at all,” Mr Tasunti said. He said the alternative product that the manufacturing industry could use was diesel, but the cost of the product was very high now. When the Price Regulation Policy was introduced in July 2015, the government decided to keep subsidies on RFO and premix fuel. And to ensure that these subsidies are funded, the Energy Sector Levies Act introduced a levy called the Price Stabilization and Recovery Levy to pay for subsidies on RFO and premix. Mr. Tasunti said the revenue that would be generated from the Price Stabilization and Recovery Levy would be focused on only premix fuel for now while the subsidy on RFO would be taken off until things change.  However, the government, through the NPA, has suspended the subsidy on Residual Fuel Oil (RFO)—the fuel used by the manufacturing sector—effective November 1, 2022. The Authority has, however, maintained the subsidy on premix fuel to continue to cushion the fisher folk.   Source: https://energynewsafrica.com

Egypt’s First Financed Solar Battery PPA Project Secures Financing

A solar energy company spearheading a solar-plus-storage project in Egypt has secured $2.4 million in financing for the project. KarmSolar secured the $2.4 million from Qatar National Bank ALAHLI, while Ezdaher Financial Advisory assisted with the deal. KarmSolar’s co-founder and CEO Ahmed Zahran described the project as “Egypt’s first financed solar battery PPA project”, adding: “There is rising interest from established financial institutions to explore and support advanced solar technologies. This new milestone will definitely boost the deployment of battery solutions in Egypt and across the region on a much larger scale.’’ The financing comes as KarmSolar launches a phase 2 expansion of a solar microgrid solution at a poultry farm facility in Giza, operated by Cairo 3A. The expansion includes the addition of a battery energy storage system and an expansion of the solar plant’s capacity. Sungrow will provide the battery storage unit and the energy storage system will comprise a 2.576MWp PV inverter and 1MW/3.957MWh of storage. The solar energy company has a PPA to supply electricity to the poultry farm using a microgrid combining solar PV, storage and diesel generators. The original on-site solar PV station covers 30% of Cairo 3A’s energy needs using renewable energy, reducing its reliance on diesel. It is not the first solar-plus-storage project in Egypt, however. A project combining 30MW of solar PV with a 7.5MW battery storage system is also being supplied by Sungrow. A German developer and engineering, procurement and construction (EPC) contractor will be delivering the project.       Source: https://energynewsafrica.com  

US Gov’t Announces $13.5 Billion Funding To Cushion Households With High Energy Bills

The United States government has announced plans to make $13.5 billion available to help low-income U.S. households to lower their heating costs this winter. In a statement issued by the White House, the U.S. Department of Energy will allocate $9 billion in funding from the Inflation Reduction Act to support up to 1.6 million households in upgrading their homes to lower energy bills. Additionally, the U.S. Department of Health and Human Services will provide $4.5 billion in Low-Income Home Energy Assistance Programme (LIHEAP) funding. U.S. consumers can expect to pay up to 28 per cent more to heat their homes this winter than last year due to surging fuel costs and colder weather, the U.S. Energy Information Administration (EIA) projected in its winter fuels outlook in October. The new funding will help Americans with heating costs and unpaid utility bills and repairs of home energy appliances that will help lower their energy costs, the White House said. About 90 per cent of the roughly 130 million U.S. households rely on natural gas or electricity for heat. The rest use either heating oil, propane or wood for heat. EIA forecasts the average household will spend about $931 for gas heat this winter and about $1,359 for electric heat. That is a 28 per cent increase for gas and a 10 per cent increase for electricity versus last year. Homes using heating oil will spend about $2,354 for heat this winter, up 27 per cent from last year, while propane users will see their costs rise five per cent to $1,668, according to EIA’s outlook. Despite the big increase in cost, gas will remain the nation’s cheapest source of heat. Families are already having a hard time paying their electric and gas bills with about one in six U.S. households in arrears, according to estimates from the National Energy Assistance Directors Association (NEADA) in October. NEADA, which represents the state LIHEAP directors, said U.S. families were about $16.1 billion behind on their utility bills. “The rise in home energy costs this winter will put millions of lower-income families at risk of falling behind on their energy bills and having no choice but to make difficult decisions between paying for food, medicine and rent,” NEADA Executive Director Mark Wolfe has said.     Source: https://energynewsafrica.com  

Covid Restrictions Force Chinese EV Maker To Suspend Production

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China’s Nio, the EV maker, has suspended manufacturing activities due to Covid restrictions amid the latest flare-up in infections in the country. “The news that production at Nio’s factories has been temporarily suspended is true and this will have an impact on production and delivery schedules,” a company representative told Reuters. The latter cited a Chinese tech media outlet as having reported that Nio had been having difficulties with production since mid-October because of Covid lockdowns. This is the second time this year Nio is suspending production, after it had to shut down its two factories in April, too, amid lockdowns. Meanwhile, hopes are growing that the lockdowns will soon end, based on unverified reports on social media. China’s foreign ministry spokesman said Tuesday that he was not aware of any plans to relax Bejing’s zero-Covid policy, which dampened optimism but it appears that the hope remains China will at some point drop the strict measures. “People may have misunderstood when they see the headline that it is about completely opening up, but in our view it is quite unlikely for China to completely abandon Zero Covid,” Zerlina Zeng, senior credit analyst at CreditSights, told Yahoo Finance. “It is politically sensitive to do away with it because during the party congress, the rhetoric around Zero Covid has been so strong.” China has the biggest EV manufacturing industry in the world and it is exporting more and more EVs, especially to Europe. Manufacturing halts could hurt this growth market and also interfere with transition plans. Meanwhile, investor confidence in Nio and the two other U.S.-listed Chinese EV makers, Li Auto and Expeng, is dwindling after years of losses. Bloomberg reported last week that Nio has shed some 69 percent of its market value since the start of the year, with Li Auto losing 56 percent and Expeng plunging by 86 percent due to uncertainty about their profitability.   Source:Oilprice.com  

Ghana: ECG Krobo District Climaxes Breast Cancer Awareness Month With Walk

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The Management and staff of the Krobo District of the Electricity Company of Ghana embarked on a health walk on Saturday, 29th October 2022 as part of activities marking this year’s Breast Cancer Awareness month. The month-long awareness programme was spearheaded by the Power Queens Club of the power distribution company. The Club is an association of all the female staff of the organisation. The month of October has been set aside as Breast Cancer Awareness month all over the world, and various activities are planned towards creating awareness of the disease. The encouragement of women and men to get screened remains a top-awareness issue for many organisations.   In ECG, the Power Queens Club spearheaded the month-long awareness creation on breast cancer. Across the various operational districts of the organisation, several activities were carried out, with opportunities for people to get screened. The Krobo District of the ECG participated in the month-long awareness programme. To climax it, the management and staff of the District walked up the Acineci Mountain in Krobo. They did this alongside staff from other operational areas and supporting personnel who are aiding general work in the District. The Acting Krobo District Manager, Ing Christopher Apawu indicated that they had indeed taken the breast cancer awareness creation seriously and had been encouraging all staff to get screened. “We also encouraged them to encourage their families and friends to get screened because it has been determined that early detection of breast cancer helps in easier management of it.” He also added that “medical diagnosis has shown that men are also at risk of the disease, hence, all staff were roped into the various activities and encouraged to partake in the screening processes.” The Executives of the Power Queens Club in the District played an active role in the month-long activities. They thanked the management of the District for creating the enabling environment for them to carry on with the awareness programme.         Source: https://energynewsafrica.com