Benin: WAPP Board Adopts Working Document, Budget For 2023

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The Executive Board of the West African Power Pool (WAPP) has adopted a new work programme and budget for 2023. This was done at the 55th ordinary session of the WAPP Executive Board Meeting at the WAPP headquarters in Cotonou, Benin Republic, on Saturday 22nd October 2022. Speaking during the session, the Chairman, Executive Board of WAPP, Engr Sule Abdulaziz expressed satisfaction with the 2023 working document. He was convinced that the document had been prepared by the rules of the General Secretariat and carefully reviewed by the WAPP Finance Committee. Engr Abdulaziz, who is also the Managing Director/CEO of the Transmission Company of Nigeria (TCN), lauded the transparent manner in which WAPP has been implementing projects of the Pool. According to him, “As with the review of the Financial Statements, where I expressed confidence in this institution and its transparent documentation, I reiterate the same sentiment regarding the 2023 Work Programme and Budget.” Engr Abdulaziz urged member utility firms to endeavour to pay all contributions and settle all outstanding fees to sustain the progress being made in the regional electricity project implementation. The WAPP head also commended the government and the People of Benin Republic and President Patrice Talon for the facilities granted to the institution to establish its General Secretariat. Earlier in his welcome address, the Secretary General of WAPP, Mr Siengui KI presented the Work Programme and Budget for the year, 2023, focusing on key projects for implementation. He noted that the WAPP projects were progressing according to schedule but needed budget adjustment to accommodate the cost escalation of project implementation. He lauded the donor agencies but also noted the need for WAPP to explore other funding areas to augment member utility contributions to the Pool.       Source: https://energynewsafrica.com  

Ukraine: Power And Water Supply Hit Across Ukraine In ‘Massive’ Russian Missile Strikes

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Ukraine says power and water supply across the country has been badly hit after Russia launched more than 50 missiles targeting critical facilities. In the capital Kyiv, 80% of residents were without water, and about 350,000 apartments had no electricity, Mayor Vitaliy Klitschko said. In the north-eastern city of Kharkiv, energy facilities were struck. Russia said its long-range high-precision weaponry targeted Ukraine’s military command and energy systems. The country’s Defence Ministry added that all “designated objects were hit”. The strikes come after Russia blamed Ukraine for a drone attack on its Black Sea Fleet in the annexed Crimea. Mr. Klitschko reported water shortages in Kyiv after an energy facility near the city had been damaged in the Russian attack. He said the supply would be partially restored within three to four hours. He also said that engineers were urgently deployed to restore electricity supply. The city authorities said that in Kyiv itself “no hits were recorded” due to “the effective work of the air defence forces”. On Monday morning, missile strikes were also reported in the central Vinnytsia region, as well as Dnipropetrovsk and Zaporizhzhia in the south-east, and Lviv in western Ukraine. A facility at the Dnipro hydroelectric power plant in the Zaporizhzhia region was also reportedly hit. Overall, 18 facilities – most of them energy-generating – were hit in 10 regions of Ukraine, Prime Minister Denys Shmyhal said, adding that “hundreds of localities in seven regions” were left without power. It was not immediately known if there were any casualties. Residents in the regions under attack were urged to remain in shelters, amid fears more strikes could follow. They were also warned that “emergency power outages” were being rolled out across the country.     Source:BBC

Ghana: Gov’t Is Working To Make Fuel Affordable-Akufo-Addo

Ghana’s President Nana Akufo-Addo says his administration is working to secure reliable and regular sources of affordable petroleum products for the Ghanaian market to stem the incessant increases in fuel prices at the pump. The President said he was convinced this step in addition to a stable currency will halt the rising fuel prices in the West African nation caused by the high cost of crude oil on the world market and Cedis  depreciation and bring relief to Ghanaians. The continuous depreciation of Ghana’s currency, Cedis coupled with rising cost of fuel has made the cost of living very unbearable to people especially low income earners as transport fares and prices of food and essential commodities have all gone up. Currently, a litre of petrol is about Gh¢17.54 while diesel is sold at Gh¢19.94 per litre. Addressing the nation on Sunday, 30th October,2022, on  measures being taken to tackle the economic crisis facing the country, President Akufo-Addo acknowledged the difficulties Ghanaians are going through. The President said he was aware of the economic challenges occasioned by the rising cost of petroleum products. “I know that the increasing cost of living is the number one concern for all of us. It is driven by fast escalating fuel prices at the pumps, which is caused by high crude oil prices on the world market and our depreciated currency. I know that this is putting intolerable pressure on families and businesses,” he said.      Source: https://energynewsafrica.com

Mozambique: Gov’t Moves To Mozambique Power Generation Hub

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Mozambique has announced plans to undertake massive investments in power generation projects in a bid to meet the growing demand for electricity in the country and neighbouring countries. The Director for Market Operations at Mozambique’s utility company, Electricidade de Mozambique (EDM), Luis Ganje said last week that the government was mobilising investments to build new power-generating projects to meet electricity demand. Ganje, who was speaking to the press in Maputo on the sidelines of the 59th General Meeting of the Southern African Power Pool (SAPP), said that a financial agreement estimated at US$5 billion for the implementation of the Mpanda Nkuwa hydroelectric project would be reached soon. According to him, the new hydroelectric facility on the Zambezi River, downstream from the Cahora Bassa dam (HCB) in the central province of Tete, would help to alleviate the regional energy deficit currently estimated to be seven Gigawatts. He also pointed to the construction of a 563-kilometre-long new transmission power line between Temane and Maputo and the implementation of the Tete-Maputo line, also known as the ‘backbone’, which would make it possible to develop integrated electricity infrastructures to support the industrialisation of Mozambique and the region. Mr. Ganje pointed out that “the energy deficit in the region is much greater than the existing capacity produced in Mozambique at the moment. Therefore, Mozambique intends to become a power generation hub to meet the demand for universal access by 2030 and the region’s needs.”   Source: https://energynewsafrica.com  

Nigeria: Dangote Refinery Is 100% Completed

The construction work on Dangote Refinery, Africa’s largest refinery, is 100 per cent completed. The facility is owned by Africa’s richest man Aliko Dangote. According to a report filed by The Will, Friday, the refinery is currently on text run ahead of official commissioning in 2023. “Production is projected to begin in the first quarter of 2023,” a senior executive at the company said as quoted by THE WILL on Friday, adding that the refinery is being tested run. The 650,000-barrel-per-day refinery located in Lekki Free Zone is expected to be the world’s biggest single-train facility upon commissioning. Estimated to cost about $20 billion, the refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene and will likely generate 4,000 direct and 145,000 indirect jobs. The refinery is expected to save Africa’s most populous nation, Nigeria, about $10 billion in foreign exchange. During a visit to the refinery recently, Minister for Finance, Budget and National Planning, Zainab Ahmed, said the huge investment by Dangote Group would enable Nigeria to stop the importation of fuel. “This is a very important project one of the largest refineries in the world today. Mr President is very proud of this project and we speak about it everywhere we go in terms of the number of jobs which it is creating and the good that it will be bringing to our economy.   “And for us in government, that is a saving of at least $10bn that will be sitting in our reserves instead of flying out to pay for petroleum products. “In the Ministry of Finance, Budget and National Planning, we have had the opportunity to interface with your company (Dangote Group) at different times to provide you with some clearance you required as you bring in equipment and as you move from one step to another, and I used to be alarmed at some of the size of the requests. But now, I do understand that this is very big and it is very important for this country.”      Source: https://energynewsafrica.com

Ghana: NPA Boss Adjudged Best Public Sector CEO Of The Year 2022

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has, for the second time, emerged as the best ‘Public Sector Chief Executive Officer for the year 2022′ at the Ghana Business Awards held in Accra, the capital of Ghana. It will be recalled that the NPA’s CEO was adjudged for the same award in 2021 for his sterling leadership, achievement, business excellence and professionalism at the Ghana CEO Excellence awards held earlier this year. The ceremony, which sought to celebrate the achievements of individuals and companies who have distinguished themselves in the sector in the year under review, also saw the NPA receiving excellence in Corporate Social Responsibility of the year. Organised by Globe Productions Limited, the award ceremony has, since its inception in 2018, rewarded excellence and standards in the business sector. This year’s awards had Mr Charles Abani, Resident Coordinator of the United Nations and the Spanish Ambassador to Ghana, His Excellency Javier Gutierrez as Guests of Honour. Speaking at the awards ceremony, the CEO of Globe Productions, Latif Abubakar, said the winners were selected by an independent advisory board that evaluated the awardees based on criteria listed for each category. He explained that the benchmarks for shortlisted winners’ performance were based on some key performance indicators (KPIs) in the standards of excellence. Many petroleum downstream watchers believe Dr Abdul-Hamid, since he was appointed the Chief Executive of NPA, taken bold steps which have sanitised the downstream petroleum industry by enforcing the industry regulations for a level playing field.  This assertion was affirmed by the Chief Executive Officer (CEO) of Petrosol Ghana Limited, Michael Bozumbil, in a recent interview published by energynewsafrica.com.               Source: https://energynewsafrica.com

Ghana: GRIDCo Celebrates Safety Week With Call On Staff To Adhere To Safety Rules

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Ghana’s power transmission company (GRIDCo), on Friday, climaxed a week-long safety awareness week with the presentation of awards to staff and departments which emerged winners for various activities instituted by management to test their level of knowledge regarding safety and fitness. The activities which were outlined for the annual safety awareness and health week included Safety Quiz, Tree Planting Exercise and  Safety Walk also known as GRID Walk. The Safety Quiz was in two categories namely Technical and Non-Technical. For the technical category, the Akosombo area emerged first while the Techiman area and the Prestea area emerged second and third respectively. For the non-technical category, the Audit Department emerged first while the System Operations secured the second position. Over 40 staff of the company who undertook training in Occupational Safety Health and Administration were also presented with certificates. This year’s safety awareness week was on the theme: ‘Act together to build a positive safety and health culture. Speaking at a durbar at the head office of GRIDCo in Tema, Friday, the Chief Executive Officer of GRIDCo, Ing Ebenezer Kofi Essienyi indicated that “safety Week Celebrations reminds us of our individual and collective responsibility to remain in good health and to collectively act in a manner that promotes a safety culture which inevitably keeps the business operating for the benefit of all.” He, therefore, encouraged the staff to strive to know GRIDCo’s safety rules and abide by them, follow safety procedures and learn to use safety equipment such as fire extinguishers and other equipment that can be lifesaving and respect the safety controls which are in place to protect life and GRIDCo’s facilities. “Compliance with these Safety Principles is key due to the nature of GRIDCo’s operations and business which involve construction activities to extend or upgrade the network as well as regular maintenance of assets. These duties need to be carried out with the utmost regard to sound safety practices.” Ing. Essienyi said management would do its best to ensure that GRIDCo creates and sustains a health and safety culture by providing the needed tools, equipment and training to meet the mandate stated under our Core values. He noted that the COVID-19 virus is still hovering around and urged the staff not to forget to respect safety protocols such as hand washing, the use of hand sanitisers and getting checked for any ill health. “I want to urge all of us to initiate steps that will guarantee our general well-being, health and safety by doing a checkup at least once a year,” he advised. On his part, the Director for Technical Services, Ing Bernard Gyan commended the management for prioritising the safety of staff by supplying 1,200 overall and 790 gloves to staff under the Framework Agreement for the supply of safety tools and equipment to staff for the company’s operations.
Ing. Ebenezer Kofi Essienyi, CEO of GRIDCo
                                 

IEA: Renewable Energy Investment Needs To Triple By 2030

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Investment in renewables must more than triple to $1.3 trillion annually by 2030 if the world is to reach net-zero emissions by 2050, the International Energy Agency (IEA) said on Thursday.   Previously, the agency had estimated that clean energy would need $1 trillion in annual investment to reach the climate goals. In the World Energy Outlook 2022 published today, the IEA said that electricity generation from renewables needs to see one of the largest increases in investment in the Net Zero Emissions (NZE) Scenario, rising from $390 billion in recent years to $1.3 trillion by 2030. This level of annual spending in 2030 would be equal to the highest level ever spent on fossil fuel supply, $1.3 trillion spent on fossil fuels in 2014, the IEA said.    Concerns about fuel prices, energy security, and emissions – bolstered by stronger policy support – are brightening the prospects for many low emissions fuels, the IEA said.   Clean energy investment is massive today, but it needs to rise much more if the world has a chance to get to net zero by 2050. “A huge increase in energy investment is essential to reduce the risks of future price spikes and volatility, and to get on track for net zero emissions by 2050,” the IEA said. “Governments should take the lead and provide strong strategic direction, but the investments required are far beyond the reaches of public finance. It is vital to harness the vast resources of markets and incentivize private actors to play their part,” the agency noted. Today, for every $1 spent globally on fossil fuels, $1.5 is spent on clean energy technologies. Under the NZE Scenario, every $1 spent on fossil fuels needs to be outmatched by $5 spent on clean energy supply and another $4 on efficiency and end uses by 2030. “Shortfalls in clean energy investment are largest in emerging and developing economies, a worrying signal given their rapid projected growth in demand for energy services. If China is excluded, then the amount being invested in clean energy each year in emerging and developing economies has remained flat since the Paris Agreement was concluded in 2015,” the IEA said.     Source: Oilprice.com  

EU Finalizes Ban On Gasoline And Diesel Cars From 2035

The European Union has finalized an agreement to phase out internal combustion engine cars by 2035 by enforcing a zero-emission regulation on carmakers in the bloc. National government negotiators, the European Parliament, and the European Commission all agreed to make car makers reduce their emissions to zero by 2035, which is an effective ban on the sales of fossil-fuel-powered vehicles after that year. “This deal is good news for car drivers… new zero-emission cars will become cheaper, making them more affordable and more accessible to everyone,” Jan Huitema, chief negotiator for the European Parliament said. The EU’s lead on the Green Deal, Frans Timmermans, also welcomed the news, saying “Europe is embracing the shift to zero-emission mobility,” as quoted by Reuters. The proposal for the ban of internal combustion engine vehicles across the European Union was made earlier this year and drew criticism from the car manufacturing industry. The head of the German car industry association, Hildegard Mueller, said in June, when the proposal was first made, that Europe’s charging infrastructure is insufficiently developed for the EV targets the shift would entail. She also warned that the Commission, which made the proposal, was acting prematurely. Besides such concerns, however, there are even more direct ones that will in all likelihood interfere with the zero-emission plans of the EU. Chief among them is an expected shortage of copper, which is used heavily in electric vehicles. The world is already short on the basic metal and the deficit is only set to widen in the coming years as there is no new supply coming on stream soon, aside from a few mine expansions. Battery technology is also a potential challenge—with raw materials getting costlier due to strong demand and catching up supply, battery costs continue keeping total EV costs higher than ICE car costs, too, discouraging drivers from making the switch.       Source:Oilprice.com

Ghana: Kwadwo Poku Writes On Rising Fuel Prices And Cedis Depreciation

The Executive Director of the Institute for Energy Policies Research (INSTEPR) in the Republic of Ghana, Kwadwo Nsafoah Poku, has expressed worry about the continuous depreciation of the Ghanaian cedi which is pushing prices of diesel and petrol upwards barely every two weeks in the Republic of Ghana. Although crude oil prices have been hovering below $95 per barrel on the international market over the last month, the continuous depreciation of the Ghanaian cedi has pushed a litre of diesel to Gh15.99 and petrol at Gh¢13.10 per litre. Sharing his opinion about the rising fuel prices and the continuous depreciation of the Ghanaian cedi against the major international currencies, Mr. Kwadwo Poku wrote: “We started the week with Gh10.45 to $$ on Monday. By Friday evening, some people were quoting GHc15 to $$. This means the cedi lost 1 cedi value daily.  This situation is unprecedented. As I drove home on Friday from a meeting, I got the news that the oil companies are having difficulty pricing their products because they don’t know what forward $$ rate to use. “I don’t want to scare you, but based on what happened last week, the fuel price will be Ghc20 cedis in the next window.  If PURC is to review electricity, we will all have to pay 2x what we are paying today because in the last review they used Ghc7.45 to $$. “If nothing is done to reverse the cedi from depreciating further, we will start Monday at Ghc15.42 cedis to $$. Do not let anyone tell you it’s speculation and not real. If the banks and Bank of Ghana have $$ for the oil companies, they will not go to the black market to buy the expensive speculated price,” he said. Below is Kwadwo Poku’s piece CAN WE SURVIVE ANOTHER WEEK LIKE THE LAST? Most Ghanaians went through last week as if it was an ordinary week. Some people discussed the economic situation as usual at work, in the  trotro and at the evening hang out. Seeing fuel price at Ghc15.99 was hard for everyone but as steadfast as we  are,  we took it in our strides.  We started the week with Gh10.45 to $$ on Monday. By Friday evening some people were quoting GHc15 to $$. This means the cedi lost 1 cedis value daily.  This situation is unprecedented. As I drove home on Friday from a meeting,  I got the news that the oil companies are having difficulty pricing their products because they don’t know what forward $$ rate to use. I don’t want to scare you, but based on what has happened last week, fuel price will be Ghc 20 cedis in the next window.  If PURC is to review electricity, we will all have to pay 2x what we are paying today because last review they used Ghc7.45 to $$. If nothing is done to reverse the cedis from depreciating further,  we will start Monday at Ghc15.42 cedis to $$. Do not let anyone tell you its speculation and not real. If the banks and Bank of Ghana has $$ for the oil companies, they will not go to the black market to buy the expensive speculated price. Do you think we can go through this week losing 1 cedis a day as we did last week??  It’s not about God so let’s not say let’s pray.  The Banks, BDCs, OMC will not survive another week if what happened last week repeats itself. This scenario will translate differently to all of us. We can only survive this week to the next if something changes.  What is that change? Am only the energy expert. Thanks Kwadwo Nsafoah Poku Director of INSTEPR

South Africa: African Energy Week Drives Energy Transition Discussion From Cape To Cairo

With the next COP27 set to be hosted in Africa and under a different scenario to previous editions – oil, gas and nuclear has returned to the scene as crucial for global energy security and for ensuring stable economic growth – a ministerial panel discussion during African Energy Week (AEW) 2022 emphasized the need for a unified message regarding the energy transition, one that will be taken from AEW in Cape Town to COP27 in Egypt. Moderated by Mohamed Fouad, Founder and CEO, Egypt Oil & Gas, high-level speakers included H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbon, Equatorial Guinea; H.E. Sophie Gladima, Minister of Petroleum and Energies, Senegal; H.E Mahamane Sani Mahamadou, Minister, Ministry of Petroleum of Niger; NJ Ayuk, Executive Chairman, African Energy Chamber; and Hon. Dr. Matthew Opoku Prempeh, Minister for Energy, Republic of Ghana. Kicking off the session, H.E Tarek El-Molla, Minister of Petroleum and Mineral Resources, Egypt delivered a keynote presentation, stating that, “This year, COP27 represents an opportunity to articulate Africa’s priorities to reducing emissions, accessing appropriate funding and addressing climate repercussions. We cannot deny that oil and gas represent an essential resource globally and will remain part of the energy mix for the long term. Our goal is to provide these resources more responsibly. I am optimistic about the Egyptian and African efforts to collaborate on a just energy transition in Africa.” Thereafter, the panel discussion kicked off to an electric start, with speakers emphasizing the need to face COP27 with common positions on how the energy transition should look like for the continent in the near future in order to improve intra-continental cooperation and investment with the goal of eliminating energy poverty. During the discussion, insight was given as to whether an African just energy transition can be compatible with a global energy transition and whether or not the continent will be able to speak with one voice at COP27. “Every single Minister of oil and gas in Africa finally speaks with the same voice. It will be very important if we have a united voice. We have worked with APPO and the AU and the parties going to Egypt. In Egypt, they will hear loud and clear our position on the energy transition and regarding energy security, those are our priorities,” stated H.E. Minister Lima, adding that, “We should be talking about energy security. Once we achieve this, then we should start talking about energy transition.” Expanding on what H.E. Minister Lima shared, H.E. Minister Gladima stated that, “I think that during this week we have discussed at length the future of Africa. The main issue that we all agree on is funding. Funding has been cut, and even though we have a gas-to-power strategy, the funding continues to be cut. This planet has given us natural resources and we have to exploit them. But we need to exploit them in a responsible manner and ensure that we do not make the same mistakes others have done in the past. Let us use our oil and gas and have the chance to grow. Ministers of energy must go and convince the ministers of environment. We need to decide together and find a way that is for the good of Africa.” Meanwhile, panelists discussed what priorities need to be established for the continent and what a victory in Egypt would look like for Africa. “I do not want to talk in terms of victory, but in terms of responsibility and rights. I will be an irresponsible leader to sell my country on the altar of energy transition without talking about the significance of energy security or energy access or without talking about energy affordability. The ministers of energy have been meeting, building and developing a consensus. We should not allow ourselves to be divided between environment and development,” stated Ghana’s Minister for Energy Dr. Matthew Opoku Prempeh, adding that, “We are going to COP to tell everyone our responsibility as leaders. First, to the people who elected us and who we have accepted to govern. If we talk about the energy transition, we will talk about using what God has given us to use. We will continue to exploit our reserves for the socioeconomic development of the country.” Thereafter, the conversation shifted to the role and position of international oil companies (IOC), with H.E. Minister Mahamadou stating “When it comes to IOCs, the same way that African countries and ministers have to stay united and speak with one voice, IOCs have to join that single narrative that we share. When it comes to Niger, we have three IOCs active, so we are working closely with them to ensure the full potential of the oil and gas is exploited,” adding that, “When it comes to the environment, in Niger, 80% of the population lives in rural areas. They rely on biomass and have to do damage to the environment. The way we proceed is we provide them with access to clean cooking and prevent the damage being done to the environment.” Finally, the need for a consolidated message was further emphasized, with Ayuk stating that, “Drill baby drill: that should be Africa’s message to the world. If you want to solve energy poverty, gas baby gas. Europe wants to call gas green: it has always been green. If it is green gas for Europe, why is it not green gas for Africa? We can do better if we tone down the rhetoric that energy producers are evil people or bad people. We need to go to COP27, backing up our energy producers. We should not be apologizing for our energy sector. That is the message we should   Source: https://energynewsafrica.com

Ghana: Ghana Gas Cuts Sod To Build Multi-Purpose Community Center For Kpalbe

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The Ghana National Gas Company (GNGC) has cut sod for the construction of a multi-purpose community center at Kpalbe in the North East Gonja District of the Savannah Region. The community center, which formed part of the company’s Corporate Social Responsibility, will feature a seating capacity of 130 people, restrooms and a borehole to serve the community. Speaking at the ceremony, Nana Owusu Ansah Ababio, Board Member of Ghana Gas, said the company’s community development initiatives do not benefit only the project-affected communities but also other underprivileged communities across the country that require the company’s aid. He also stated that when the multi-purpose community center is completed, it would have a great impact on the town. He, thus, pleaded with residents to take excellent care of the project once it is completed. Mr Francis Augustus Badu, Manager, Community Relations and CSR, reiterated that Ghana Gas would continue to support underprivileged communities throughout the country through corporate social responsibility (CSR) programmes. Alhassan Abdallah Iddi, Member of Parliament for North Salaga Constituency, was happy that Ghana Gas had sent such a project to his region because it would be of great importance to the people and nearby towns when completed. Mohammed Musah Tindawu, District Chief Executive of North East Gonja District, assured Ghana Gas that he would do everything in his ability to ensure that the project was built successfully and adequately maintained after completion.       Source: https://energynewsafrica.com

Ghana: CEO Of Petrosol Charges Youth To Pursue Career In Energy…Says Job Opportunities Abound

The Chief Executive Officer of PETROSOL Ghana Ltd, one of the indigenous oil marketing companies in the Republic of Ghana, Michael Bozumbil, has indicated that job opportunities abound in Africa’s energy sector. He has, therefore, charged the youth to prepare themselves to take advantage of them. According to Mr Bozumbil, “The energy sector is changing in form but not in substance.” In this regard, he said the world would always need energy and that it is the type of energy that might change from time. He went further to encourage those desiring to build careers in the energy sector not to be frightened by the news about energy transition and end up staying away from pursuing careers in the energy sector. He encouraged the youth to develop an even greater interest in the sector because of its enormous growth potential. Mr Bozumbil was addressing the youth, mostly students of tertiary institutions at the China Europe International Business School (CEIBS) in Accra during this year’s Energy Career Seminar, organised by the Energy Quest Foundation, to create awareness and interest in the energy sector among the youth. The theme for this year’s event, which was the second edition, was: ‘Energy Career Planning and Opportunity’. According to Mr Bozumbil, with over 40 per cent of Africa’s population not having access to electricity, it presents itself as a great energy market with enormous investment and job creation opportunities for the youth of Africa. This is particularly so because Africa is a continent with abundant energy sources, including renewable energy. He, thus, entreated the youth to view discussions about energy transition as great news and deploy their creative abilities in addressing the energy needs of Africa to make it a better continent to live in. He again indicated that even with the advent of electric vehicles, fossil fuels or petroleum products would continue to form a major part of the energy mix of Africa over the next three decades. He, therefore, asked the youth who would be working in the petroleum sector to have an energy industry-wide mindset and build transferable skills that would enable them to transit well into the emerging energy segments. Mr Bozumbil went further to educate the youth to appreciate that the energy industry is not restricted to engineers or technicians but demands varied expertise including finance, health and safety, human resource, logistics, economics, among others and thus urged the youth to look out for such opportunities. He encouraged them to be ready to start at the base by taking up low-level jobs and learning the rudiments to build the required capacity for enduring careers. Mr Bozumbil said PETROSOL, which is a leading ISO-certified privately-owned Ghanaian oil marketing company has, over the years, provided opportunities for young graduates of tertiary institutions to be trained, absorbed as staff and provided on-the-job coaching and most of them are performing excellently leading to the growth of the business. He, therefore, said PETROSOL’s doors are always open to provide such opportunities for the youth provided they possessed PETROSOL’s core values and the required work ethics as well as are ready to humble themselves and go through fieldwork. An internship opportunity was given to three participants who arrived on time at the event.  

Ghana: Shocking: Diesel Price Hits Almost Gh¢20, Petrol Gh¢17.54

Fuel prices have shot up significantly in the Republic of Ghana with diesel also selling 20 cedis per litre, energynewsafrica.com. can report. As of Wednesday, October 26, 2022, Petrosol and Engen have all adjusted their pump prices. Engen adjusted its pump price of Super (petrol) to Gh¢17.54(US$1.21) with diesel selling Gh¢19.94(US$1.38) per litre. Petrosol one of the indigenous oil marketing company has also adjusted its pump price for petrol to Gh¢17.48 (US$1.21) per litre while diesel is sold at Gh¢19.89(US$1.37) per litre. Pacific adjusted diesel price to Gh¢19.87 per litre More details soon.             Source: https://energynewsafrica.com