Zambia: Makozo Chikote Charges New Energy Regulatory Board To Be Firm And Prudent

Zambia’s Energy Minister, Makozo Chikote, has charged the newly appointed Energy Regulation Board (ERB) to be firm, prudent, and professional in regulating the country’s energy sector, which he described as central to Zambia’s economic stability and growth. During the Board’s induction meeting held at the Radisson Blu Hotel in Lusaka, Minister Chikote stressed that the energy sector has no room for regulatory errors or indecision, urging the new Board to instill order across all institutions operating under the Ministry’s policy framework. He reminded the Board that every action or decision taken by the ERB has a direct impact on the lives of all Zambians and must therefore be undertaken with a high sense of responsibility. “The energy sector affects every citizen—every home, every business. You must therefore act with prudence and ensure that your decisions benefit the people,” the Minister said. While assuring the Board of the Government’s full support, the Minister also encouraged them to exercise their regulatory independence while ensuring that national policies are implemented fairly and objectively. He urged them to draw on the diverse expertise within the Board to guide the energy sector toward sustainable growth. The Minister challenged the Board to prioritize resolving pressing issues like load-shedding, which continues to disrupt economic activity and livelihoods. He cited the success of policies like open access, which contributed to the recent reduction in fuel prices, and called for such gains to be translated into real benefits for the Zambian people. The Minister further called for enhanced teamwork between the Board and ERB management, stressing the importance of continuous policy direction and effective checks and balances. “I expect you to provide regular guidance to management and ensure that institutional systems are efficient, transparent, and accountable,” he said. The Minister expressed confidence in the composition of the new Board, describing it as a blend of seasoned Zambian professionals and energy experts. He noted that the Board is chaired by Mr. James Banda, a prominent Lusaka-based lawyer and businessman, whose leadership is expected to steer the institution to higher levels of performance. The induction meeting marked the official commencement of the Board’s term, setting the tone for strong oversight and strategic leadership in Zambia’s energy regulatory landscape.         Source: https://energynewsafrica.com

Zambia: Mailo Solar Power Plant Injects 25MW Into The Grid

Zambia’s efforts to address the current power crisis are yielding positive results as the Mailo Solar PV Power Plant, located in Mailo Chiefdom in Serenje District, has attained a significant milestone by injecting 25 Megawatts (MW) of solar energy into the national grid. The 110MW solar plant, conceptualized through a partnership between Solar Century Africa and ZESCO Limited, sits on 204 hectares of land in Chief Mailo’s chiefdom. Construction, which started in July last year, has rapidly progressed, with the first phase of work completed and tested in May this year. “In terms of timelines, we plan to start clearing the site for phase two in July, which will take two months,” says Solar Century Africa Project Manager, Eng. Gondai Moyana. Beyond the 25MW in the first phase, the developers aim to achieve the next 35MW and then 50MW. “Construction will start around September, while completion of mechanical works and testing will be done by April to May next year. Soon after that, we will start the third phase of 50MW, which is likely to take a bit longer. Commissioning [of the 50MW] will be around 2027,” he added. ZESCO is at the forefront of providing solutions to the current electricity challenges, aggressively seeking private and public sector collaborations to address the energy deficit. “Mailo Solar power plant is critical in our current situation and the future,” says Eng. Brian Kanyanga, Head of Renewables at ZESCO. “It will contribute to lessening the burden on our [hydro] power plants.” The successful completion of the first phase demonstrates the trust and confidence the private sector has placed in ZESCO as an implementing partner. ZESCO ensures technical soundness during development and before a project releases its electrons into the national grid. “Not only have we verified the designs, but we have also contributed to grid integration to ensure seamless integration into the national grid. As solar is intermittent, we need to ensure the technology doesn’t destabilize the grid while we enjoy its benefits,” Eng. Kanyanga added. With a target to reach 1,000MW of solar electricity by year-end, Zambia’s “Solar Explosion” story is on course.         Source: https://energynewsafrica.com

Ghana: Energy Commission Unveils First Solar-Powered Electric Vehicle Charging Station

Ghana’s Energy Commission (EC), regulator for electricity and natural gas, has commissioned a 60 kW Solar-Powered (SP) Electric Vehicle Charging Station at its headquarters in Accra, marking a significant shift from the normal electric vehicle charging stations that are powered by electricity from thermal or hydro. This charging station adds to the few electric vehicle charging stations in Accra. The project aims to advance Ghana’s quest for sustainable transportation, reducing carbon emissions and supporting a cleaner, energy-efficient future. Delivering a welcome address, the acting Executive Secretary of the Commission, Mrs. Eunice Biritwum, acknowledged the pivotal role being played by the Ministry of Energy and Green Transition in working hand-in-hand with the Energy Commission to map workable regulatory framework to ensure smooth transition from heavy reliance on fossil fuel to renewable energy use. It is in this respect that she spearheaded the Electric Vehicle Charging Station project which is to foster a smooth drive towards Ghana’s transition agenda. “This launch is a clear demonstration of the power of partnership in driving impacts on the project,” she stated. Mrs. Biritwum urged the media and members of the public to raise awareness in championing the adoption of Electric Vehicles in the communities for Ghana’s collective success. The Head of Cooperation at the German Embassy in Accra, Ms. Franziska Jabens, said Germany’s cooperation with Ghana is 50 years. According to her, this 50-year partnership has witnessed enhanced collaboration with the government through the Ministry of Energy and Green Transition to fast-track the country’s quest towards energy transition agenda, among other socio-economic development drives. She commended the Energy Commission for piloting the first phase of the Electric Vehicle Charging Station, saying it is the right strategy towards reducing fossil use in the country. “I congratulate Ghana government for pushing to enhance the EV transition project,” Mrs Jabens lauded. The GIZ Ghana Country Director, Dr. Dirk Abmann, was of the view that the 60 kW Solar-Powered Electric Vehicle Charging Station will go a long way in Ghana’s attempt to reduce the use of fossil fuel. He urged stakeholders in the sector to work with government to speed up the process for greater successes in Ghana’s fight against reducing green house emissions.         Source: https://energynewsafrica.com

Nigeria: Osagie Okunbor Retires From Shell After 39 Years Of Dedicated Service

The Country Chair of Shell Nigeria, Mr. Osagie Okunbor, has retired from the company after 39 years of dedicated service. He officially bid farewell to oil and gas industry stakeholders at a ceremony last Tuesday night in Abuja, attended by government functionaries, regulators, and chief executives of indigenous and international oil companies celebrating his dedicated service and milestone. The dignitaries highlighted Okunbor’s contributions to Nigeria’s oil and gas industry development, particularly in Nigerian content and key roles in Shell’s deep-water and integrated gas investments. In a statement, Shell Nigeria said Executive Vice President Nigeria, Marno de Jong, will assume additional responsibilities as Country Chair Nigeria. Marno stated: “Osagie is a respected leader in Shell and the broader industry whose wise counsel and insights have proved invaluable. Over a nearly 40-year career, Okunbor has engaged with a wide range of stakeholders, from communities to industry leaders, with empathy and excellent relational skills. We will all miss his presence and wish him a most enjoyable retirement.” Okunbor said: “It has been an honor of a lifetime serving my country on a global platform offered by Shell. The Shell values of honesty, integrity, and respect for people have been instrumental in my modest contributions.” A graduate of the University of Benin in Business Administration, Okunbor joined Shell in 1986 and served in Nigeria, the UK, Brunei, and the Netherlands. He became Managing Director of the former Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Country Chair, Shell Companies in Nigeria in 2015.       Source: https://energynewsafrica.com

Kazakhstan’s Energy Shift And The Future Of Our Cooperation With Africa

By: Yerlan Akkenzhenov, Minister of Energy of Kazakhstan Earlier this year, world leaders gathered in London to confront the persistent risks to global energy supplies, the urgency of true energy security has never been clearer. Fatih Birol, Executive Director of the International Energy Agency, has sounded the alarm: the critical lessons from the last two years’ energy crisis remain unheeded. The world is still dangerously exposed to supply shocks, price volatility, and geopolitical upheaval. The energy sector, however, is now entering a period of extraordinary transformation—one defined not just by challenge, but by unprecedented opportunity. New technologies, ranging from hybrid renewable systems and floating solar to advanced nuclear and green hydrogen, are opening up markets, driving down costs, and creating new avenues for sustainable development and economic expansion. The integration of renewables and resilient infrastructure are helping meet environmental goals, while also fueling job creation, investment, and cross-border collaboration. These innovations are empowering countries to leapfrog traditional development stages, enabling faster access to clean, affordable energy while stimulating economic diversification and social progress. The ripple effects extend well beyond energy, catalyzing growth in manufacturing, services, and technology sectors worldwide. At the heart of this transformation lies the principle of diversification—of energy resources, supply partners, and markets. Diversification is not just a shield against risk; it is a catalyst for growth, innovation, and resilience. Countries that embrace a broad energy portfolio are better positioned to harness emerging technologies, attract investment, and respond to the evolving needs of the global economy. By balancing traditional energy sources with renewables and emerging low-carbon technologies, nations can build flexible systems that adapt to changing demand patterns and geopolitical dynamics. This approach also encourages healthy competition and innovation, driving down costs and expanding access to energy for all segments of society. Diversification thus becomes a strategic asset that supports long-term economic stability and environmental stewardship simultaneously. Kazakhstan stands as a model of this approach. Traditionally known for its vast hydrocarbon reserves, Kazakhstan has leveraged its strengths as a reliable producer of oil and natural gas to meet immediate global demand. But it is Kazakhstan’s forward-looking strategy—anchored in diversification and innovation—that is setting it apart as a leader in the new energy economy. By combining its rich natural resource base with ambitious clean energy targets and cutting-edge technology adoption, Kazakhstan is demonstrating how resource-rich countries can successfully navigate the global energy transition. This dual role as a dependable supplier of hydrocarbons and a pioneer in low-carbon energy solutions positions Kazakhstan uniquely in the international energy landscape, offering partners both stability and innovation. Kazakhstan is actively creating the collaborative platforms needed to make this a reality, such as the Astana International Forum. The 2025 edition of the Forum, held on May 29–30, brought together leaders, policymakers, and innovators from around the world to address key issues in energy, climate, and economic development, providing a space for dialogue, knowledge exchange, and joint problem-solving. Kazakhstan’s comprehensive energy sector plan for 2024-2035 aims to add 26 gigawatts of new capacity, with major investments in renewables, nuclear, and grid modernization. The country is rapidly expanding its renewable energy sector, with projects such as 1 GW wind farms in partnership with global leaders and a robust pipeline of solar and hydro developments. In 2024 alone, the output from renewable energy sources in the total generation amounted to more than 6%, reflecting Kazakhstan’s commitment to a cleaner, more diversified energy mix. These achievements underscore the effectiveness of Kazakhstan’s policy framework, which combines clear targets with incentives for private sector participation and international cooperation. Kazakhstan is also moving decisively into low-carbon solutions, positioning itself as a future hub for green hydrogen and nuclear energy. In 2024, we adopted the Concept for the Development of Hydrogen Energy until 2030, which aims to diversify energy sources and reduce carbon emissions. The concept includes stimulating demand for hydrogen technologies in industry and transportation. Meanwhile, plans for the country’s first nuclear power plant are advancing, supported by strong public backing and international partnerships. As the world’s leading producer of uranium, Kazakhstan is uniquely placed to deliver both the raw materials and the expertise needed for the nuclear energy solutions that will define the coming decades. By investing in these areas, Kazakhstan is not only contributing to global decarbonization efforts but also creating new industries and high-skilled jobs domestically. Kazakhstan’s strategic advantage is amplified by its commitment to international cooperation and market connectivity. The government’s investments and new projects have enabled the country to become an active player in the modern energy economy—one that seeks dynamic partnerships with fast-growing regions such as Africa. Africa’s energy needs are immense, and its economic potential even greater, making it a natural partner for Kazakhstan’s energy ambitions. Through knowledge sharing, joint ventures, and coordinated infrastructure development, Kazakhstan is helping to bridge gaps in energy access and reliability that have historically constrained growth in many African countries. This collaboration is mutually beneficial: Kazakhstan gains access to emerging markets and investment opportunities, while African nations benefit from Kazakhstan’s expertise in resource management, renewable integration, and financing mechanisms tailored to local contexts. Looking ahead, the opportunities for growth and collaboration are boundless. The global shift towards cleaner, more diversified energy systems is creating new markets, new industries, and new possibilities for shared prosperity. Kazakhstan is poised to play a central role in this transformation, not only as a reliable supplier of traditional energy resources but as a pioneer in the development and export of low-carbon solutions. After all, the future of energy will be shaped by those who seize the moment—who innovate boldly, diversify wisely, and cooperate openly.     Source: Yerlan Akkenzhenov, Minister of Energy of Kazakhstan

Tanzanian And Ugandan Regulators Sign Strategic Oil, Gas MoUs

The Tanzanian Petroleum Upstream Regulatory Authority (PURA), the Zanzibar Petroleum Regulatory Authority (ZPRA), and the Petroleum Authority of Uganda (PAU) have signed a Memorandum of Understanding (MoU) aimed at enhancing exploration, development, and production activities in the oil and natural gas sector in East Africa. The MoU was signed recently in Entebbe, Uganda, during a ceremony attended by leaders and experts from the three regulators, including PURA’s Board Chairman, Mr. Halfan Halfan, and PAU’s Board Chairperson, Ms. Lynda Biribonwa. According to the agreement, PURA, PAU, and ZPRA will cooperate in areas such as oil and gas resource management, petroleum data management, cost auditing, community participation in oil and gas projects, health, safety, and environment (HSE), and the formulation of laws, regulations, and guidelines related to oil and natural gas exploration, development, and production. PURA Board Chairman Mr. Halfan Halfan emphasized that exchanging experience and building institutional capacity among the three authorities is crucial for the growth of the oil and gas industry in Tanzania and Uganda. “Through this agreement, it is evident that exploration, development, and production of oil and natural gas in our countries will be significantly strengthened,” he said. PAU Board Chairperson Ms. Lynda Biribonwa underscored the importance of regulatory bodies working together to ensure the sustainable development of oil and gas resources in East Africa. The signed agreement marks a continuation of the strategic partnership between Tanzania and Uganda in the energy sector, particularly with the ongoing implementation of the East African Crude Oil Pipeline (EACOP) project. The pipeline will transport oil from Uganda’s Lake Albert oilfields to Tanga Port in Tanzania for global markets.             Source: https://energynewsafrica.com

Eskom-City Power Billing Dispute Resolved After Ministerial Intervention

South Africa’s Electricity and Energy Minister, Dr. Kgosientsho Ramokgopa, and Johannesburg’s Executive Mayor, Dada Morero, have successfully resolved a billing dispute between Eskom and City Power. The dispute threatened to disrupt electricity supply to Johannesburg and its residents. The Ministry intervened through an Inter-Governmental Relations process, facilitating negotiations between Eskom and City Power. The South African National Energy Development Institute (SANEDI) was appointed as an independent technical assessor to verify metering data and analyze discrepancies. Following SANEDI’s report, City Power agreed to settle its R3.2 billion arrear debt to Eskom over four years. Eskom will write off R830 million, accumulated over 10 years, due to various billing discrepancies. Minister Ramokgopa stated that the resolution demonstrates the effectiveness of Inter-Governmental Relations and provides a template for resolving similar disputes with other municipalities. Mayor Morero thanked Minister Ramokgopa for his leadership, and both parties committed to enhanced data-sharing, transparency, and regular reconciliation of outstanding balances. SANEDI’s CEO, Dr. Titus Mathe, emphasized the importance of continued cooperation and data-sharing to ensure a stable billing process. Eskom and City Power also agreed to address infrastructure challenges, such as vandalism and theft, and implement protocols to minimize estimation errors.         Source: https://energynewsafrica.com

Iran Votes To Suspend Cooperation With UN Nuclear Watchdog

Iranian lawmakers have overwhelmingly voted to suspend Tehran’s cooperation with the International Atomic Energy Agency (IAEA) after the country’s nuclear sites were bombed over the weekend in the 12-day conflict with Israel. The bill, which state media reported on June 25 as passing by a 221-0 vote, will need to be approved by the constitutional watchdog, the Guardian Council. The decision to implement it ultimately lies with the Supreme National Security Council (SNSC). The SNSC is technically led by the president, but like all key state institutions, it answers to Supreme Leader Ayatollah Ali Khamenei. Israel launched an unprecedented attack on key Iranian nuclear and military sites as well as residential areas on June 13 in a war that claimed scores of civilian lives on both sides before it came to an end in a fragile cease-fire brokered by the United States on June 24. On June 21, the United States struck three nuclear facilities in Fordow, Natanz, and Isfahan. “In view of the violation of the national sovereignty and territorial integrity of the Islamic Republic of Iran by the Zionist regime and the United States of America regarding the country’s peaceful nuclear facilities, and the endangerment of the supreme interests of the Islamic Republic of Iran… the government is obligated to immediately, upon the ratification of this law, suspend all cooperation with the IAEA under the Nuclear Non-Proliferation Treaty [NPT] and its related safeguards,” the text of the bill reads. The bill, if ratified, will condition the lifting of the suspension to guarantees that Iranian nuclear sites and scientists are safe and that Tehran’s right to enrich uranium domestically is assured. Among Israel’s targets in its attacks on Iran were scientists involved in Iran’s nuclear program. Iran insists its nuclear program is peaceful and does not seek to weaponize it. Suspending cooperation with the IAEA means Iran will halt inspections, reporting, and oversight activities under the NPT. Parliament Speaker Mohammad Baqer Qalibaf criticized the IAEA for what he said was the UN nuclear watchdog’s failure to “even pretend to condemn attacks on Iran’s nuclear facilities” and accused it of “putting its international credibility for up for sale.” Tehran has long accused the IAEA of bias and working with Western powers and Israel against Iran. IAEA Director General Rafael Grossi has for years complained about what he describes as Iran’s lack of cooperation with the agency over investigations into old but undeclared nuclear sites. “The Atomic Energy Organization of Iran will suspend its cooperation with the agency until the security of nuclear facilities is guaranteed, and Iran’s peaceful nuclear program will advance at a faster pace,” Qalibaf said in comments that were followed by lawmakers chanting “death to” America and Israel.   Source: Oilprice.com

Ghana: Bulk Oil Distributors Raises Concerns Over Laycan Disruptions; Cites $40M Losses To Members

The Chamber of Bulk Oil Distributors (CBOD) has sharply criticised the National Petroleum Authority (NPA) for failing to ensure strict compliance with the schedule for oil importation into the country, popularly known as ‘Laycan’. Instead, the chamber alleges that the regulator has created an avenue or room for politicians to undermine the process by allowing importers who are sometimes not in the schedule to bring in petroleum products, while those in the schedule queue for weeks and months. In a strongly worded statement signed by Dr. Patrick Ofori, Chief Executive Officer of CBOD, the chamber noted that the regulatory breaches had undermined market stability, resulting in $40 million losses in demurrage and related charges to their members during the first half of 2025. According to CBOD, Laycan schedule was developed through multi-stakeholder consultations and published by the NPA to provide a framework for the efficient and orderly importation of petroleum products. However, they described as worrying that in 2025 alone, the schedule has revised more than four (4) times in the first quarter (Q1) and amended seven (7) times in the second quarter (Q2), arbitrarily and without consultation with the industry. “These frequent and unilateral changes have severely undermined operational predictability and imposed significant financial burdens on Bulk Import, Distribution, and Export Companies (BIDECs),” the chamber said in its statement. It revealed that between January and June 2025, BIDECs incurred over forty million United States dollars (USD 40 M) in demurrage and other associated costs. “These unnecessary costs were unfortunately filtered into fuel prices at the pump, further burdening Ghanaian consumers,” it said. The chamber emphasised that it would not remain silent while regulatory systems are weakened and national interests disregarded. It, therefore, called for a strict compliance with the Laycan schedule. Below is the full statement by Chamber of Bulk Oil Distributors (CBOD) The Chamber of Bulk Oil Distributors (CBOD) expresses deep concern and disappointment over the persistent disruption of the Laycan import programme and calls on the Ministry of Energy and Green Transition to act swiftly to safeguard the integrity of Ghana’s fuel import system. The Laycan schedule, developed through multi-stakeholder consultations and published by the National Petroleum Authority (NPA), provides a framework for the efficient and orderly importation of petroleum products. However, in 2025 alone, the schedule was revised more than four (4) times in the first quarter (Q1) and amended seven (7) times in the second quarter (Q2), arbitrarily and without consultation with the industry. These frequent and unilateral changes have severely undermined operational predictability and imposed significant financial burdens on Bulk Import, Distribution, and Export Companies (BIDECs). It is important to note that each revision affects up to ten cargoes, causing cumulative delays of approximately thirty days per incident. Between January and June 2025, BIDECs incurred over forty million United States dollars (USD 40 mn) in demurrage and other associated costs. These unnecessary costs were unfortunately filtered into fuel prices at the pump, further burdening Ghanaian consumers. More alarming is the increasing violation and repeated breach of the Laycan protocol, where BIDECs without assigned slots, often citing vaguely defined “emergency” needs, are being permitted to berth outside the established schedule. This practice has severely compromised transparency and fairness in the sector. Alarmingly, for the first time, a second-quarter (Q2) Laycan schedule has been extended into the third quarter, up to September 2025, further escalating uncertainty within the industry. Despite CBOD’s engagements and repeated proposals to the NPA to restore order and accountability to the Laycan system, no concrete action has been taken. The situation continues to deteriorate. A DIRECT VIOLATION OF PRESIDENTIAL DIRECTIVE In a formal petition to the Presidency dated 12th June 2025, CBOD highlighted the damaging impact of these disruptions on price stability and operational efficiency. The President subsequently instructed the Ministry of Energy and Green Transition to act immediately. However, on 23rd June 2025, the NPA authorised the berthing and discharge of the vessel MT Marlin Ametrine, directly contravening the official Laycan schedule and the President’s directive. This action is a serious affront to regulatory integrity and undermines the progress made in the industry in recent years. Allowing this vessel to berth outside the agreed schedule sets a dangerous precedent and risks delegitimising the entire scheduling framework on which the nation’s fuel security depends. CBOD investigations suggest this operation is being facilitated by a group of Nigerian traders, recently displaced by the Dangote Oil Refinery, who are allegedly operating through politically connected intermediaries in Ghana. This represents a flagrant attempt to circumvent established protocols for narrow selfish interests, to the detriment of national energy security and market stability. IMPACT ON THE GHANAIAN CONSUMER Each unauthorised berthing introduces logistical confusion, increases demurrage costs, and distorts fuel pricing. CBOD estimates that Laycan-related inefficiencies contributed between GHS 0.47 and GHS 0.60 per litre to the rise in fuel prices between January and May 2025. These are unfair and avoidable costs borne by Ghanaian consumers. CALL TO ACTION CBOD will not remain silent while regulatory systems are weakened and national interests disregarded. We demand the following immediate actions:
  1. BIDECs without officially assigned Laycans must be restricted. Entities responsible for disruptions must bear all associated financial penalties.
  2. Any changes to the Laycan schedule must follow prior consultation with the Laycan Review Committee.
  3. Any emergency supply requirements must be transparently planned, scheduled in advance, and agreed upon collectively.
  4. CBOD must be formally empowered to coordinate and submit Laycan schedules to the NPA, ensuring transparency, compliance, and equitable access across the sector.
CBOD and its members remain committed to protecting Ghana’s fuel supply security and maintaining a competitive, rules-based petroleum import system that serves the interests of the Ghanaian public. However, continued regulatory inconsistency threatens operational stability, undermines investor confidence, and raises fuel prices at the pump. We urge the Ministry of Energy and the NPA to act decisively, fairly, and without delay.   Source: https://energynewsafrica.com

Ghana: PURC Increases Electricity Tariffs By 2.45% Effective July 1; Water Tariffs Remain Unchanged

The Public Utilities Regulatory Commission (PURC) has increased electricity tariffs across all customer categories by 2.45%, effective July 1, 2025, as part of its quarterly review mechanism. The tariff adjustment applies to residential, non-residential, and special load tariff (SLT) customers. The increment follows a detailed analysis of macroeconomic and operational factors, including inflation, exchange rate fluctuations, and rising fuel costs. In a statement copied to this portal, the Commission said the upward review is necessary to sustain utility service providers and ensure a reliable electricity supply. The adjustment takes into account a projected average inflation rate of 20.67%, a Ghana Cedi to US Dollar exchange rate of GHS10.3052, and an increase in the weighted average cost of gas (WACoG) to USD 7.7134/MMBtu. “The Commission has carefully analysed the existing parameters and, considering the competitiveness of industries and the general living conditions of Ghanaians, has approved a 2.45% increase in electricity tariffs across board and 0% increment in water tariffs,” the statement noted. The third quarter’s generation mix remains unchanged, with 28.8% from hydro sources and 71.2% from thermal sources. The Commission also factored in GHS488 million in outstanding revenues from previous quarters, as well as the cost implications of maintaining reserve capacity to ensure grid stability.         Source: https://energynewsafrica.com

Côte d’Ivoire: Eni Exports First Vegetable Oil Produced From Rubber Trees

The Italian oil and gas firm, Eni, has exported its first shipment of vegetable oil from Côte d’Ivoire, produced from rubber tree residues. This achievement aligns with Eni’s decarbonization strategy and commitment to sustainable development of local agricultural supply chains. In 2023, Eni became the world’s first company to launch the industrial-scale transformation of rubber tree seeds into vegetable oil, with production certified according to the ISCC-EU standard. The vegetable oil is then sent to Enilive biorefineries for the production of advanced biofuels, contributing to the decarbonization of transport. The launch of vegetable oil exports from Côte d’Ivoire confirms Eni’s commitment to implementing new business models that prioritize environmental, social, and economic sustainability. Eni has been present in Côte d’Ivoire since 2015, operating in hydrocarbon exploration and production while carrying out innovative initiatives to integrate the country into the sustainable mobility value chain. Additionally, the company is developing projects in training, education, health, and economic diversification, investing in sustainable growth aligned with the goals of the National Development plans.   Source:https://energynewsafrica.com

Ghana: Volta River Authority Gets New Governing Board

President John Dramani Mahama has appointed the new governing board of the Volta River Authority, Ghana’s state-owned largest power generation company. The newly appointed board is chaired by Ing. Jabesh Amissah Arthur, a former Chief Executive Officer of the Bui Power Authority (BPA). The other board members include Ing. Edward Ekow Obeng-Kenzo (Acting Chief Executive of VRA), Dr. Lawrence Ofosu Adjare, Hon. Collins Dauda, Hon. Fred Kwesi Agbenyo, Lawyer Wonder Victor Kutor, Awulai Attibrukusu III, and Lawyer Peggy Addo. The board was inaugurated on Monday by Hon. John Abdulai Jinapor, Minister for Energy and Green Transition. The Minister emphasized the board’s critical role in steering the power utility to accelerate the nation’s energy transition agenda. “This board has been entrusted with the task of improving VRA’s operations, optimizing hydro and thermal assets, and firmly anchoring renewable initiatives within the Authority’s core mandate. VRA must work to be the lead institution when it comes to power generation,” he said. Minister Jinapor outlined several strategic priorities that the new board is expected to deliver on, including operational revitalization, accelerated green transition, human capital and local capacity, and public and stakeholder engagement. Hon. Jinapor further affirmed the government’s continued commitment and support to the Board. “The Ministry will give you the needed support to deliver on your mandate. His Excellency the President has absolute confidence in the capabilities of the members of this board. As a board, you should lead VRA to champion the reforms in the power sector.” On behalf of the board members, the Chairman thanked the President for the appointment and pledged to work assiduously to salvage the dwindling fortunes of VRA. “The fortunes of VRA have stagnated and dwindled over the years as a result of government policies. We will provide strategic guidance and direction to bring VRA back as the lead power generator in the sub-region and Africa.”   Source: https://enrgynewsafrica.com

Oil Prices Tumble After Israel Agrees To Iran Ceasefire

Oil prices tumbled by nearly 5% on Tuesday after Israel agreed to a ceasefire with Iran after nearly two weeks of conflict. Brent crude, the international benchmark for oil prices, fell to $68.87 a barrel, which is below $73 per barrel when Israel launched missiles against Iran’s nuclear sites on 13 June. Prices had spiked in recent days as concerns grew that Iran could disrupt global supplies by blockading the Strait of Hormuz, a key shipping route for oil and gas. Stock markets in the UK, Europe and Asia rose as US President Donald Trump declared the ceasefire “is now in effect”, after which Israel confirmed that it had agreed to the move. Oil prices have soared to as much as $80 a barrel since the missile strikes began, stoking fears that the cost of living could increase as petrol, diesel and business expenses grew. As of 12 noon Tuesday WTI was trading at $66.12 while Brent was trading at $68.87 per barrel. “If the ceasefire is followed as announced, investors might expect the return to normalcy in oil,” said Priyanka Sachdeva, senior market analyst at Phillip Nova as carried by BBC. But she added that “the extent to which Israel and Iran adhere to the recently announced ceasefire conditions will play a significant role in determining oil prices”. The fall in prices narrowed as Israel claimed that Iran had violated the ceasefire after accusing Tehran of launching a missile strike. The FTSE 100 index in the UK rose by 0.4% in early trading, while the CAC-40 in France increased by 1.4% and Germany’s Dax added 2%. In Asia, Japan’s Nikkei share index ended the day up 1.1% and Hong Kong’s Hang Seng increased by 2.1%. Trump urged Israel and Iran not to “violate” the ceasefire. Israel said it had agreed to it after “eliminating the Iranian nuclear threat”. The Middle East conflict had pushed global energy prices higher, which if sustained would have a knock-on effect on energy bills and petrol prices. Wholesale UK gas prices dropped by 12.5% on Tuesday after spiking higher. Qatar is a major supplier of liquefied natural gas, which is transported through the Strait of Hormuz. On Monday, Iran had launched missiles at a US military base in Qatar in retaliation for American strikes against Iran’s nuclear sites. The recent rises in oil prices had led to fears that increased energy costs could make everything – from petrol and food to holidays – more expensive around the world, including in the UK. That is what happened after Russia invaded Ukraine three years ago, affecting people’s lives around the globe.         Source: https://energynewsafrica.com

Togo: WAPCo MD Holds Talks With Togolese Minister Of Mines And Energy Resources

The Managing Director of West African Gas Pipeline Company (WAPCo), Michelle Burkett, met with the Togolese Minister for Mines and Energy Resources, Hon. Robert Messa Koffi Eklo, to discuss crucial issues related to sustainable gas supply for electricity generation and industrial development in Togo. The discussion also focused on the West African Gas Pipeline (WAGP) Fiscal Amendment. The MD shared details about WAPCo’s planned subsea valve maintenance offshore Lomé, scheduled for 2026, assuring that only the Lomé Lateral would be affected and for a shorter duration than the February 2025 shutdown. The Togolese Minister suggested aligning the maintenance with peak hydro power availability to minimize the impact on the population. “At WAPCo, we value our partnerships across the WAGP States and remain committed to reliable service,” Michelle Burkett said. “In 2023 and 2024, WAPCo transported more than double the contracted gas volumes to Togo, further reflecting our dedication to supporting the region’s energy goals.” Michelle Burkett was accompanied by WAPCo’s General Counsel, Odey Simon Adamade, and External Relations Assistant (Togo), Gnimzoum Mawaba Kegbegnou.       Source: https://energynewsafrica.com