Energy - Copperbelt Katanga Mining

Zambia Attractive For Private Sector Energy Investment

January 8, 2023January 9, 2023 Constance

Zambia’s energy sector has become one of the best destinations for private sector investments, Copperbelt Energy Corporation Plc’s (CEC) Chief Financial Officer, Mutale Mukuka, has asserted. Sharing his views on various aspects of the business and the Zambian energy sector recently, Mukuka said the improving economic variables in the country, ongoing sector reforms and the government’s focus on dialogue with the private sector, made for an attractive investment environment. Mukuka stated that the levels of investor comfort were also expected to be bolstered by the positive performance of other key… Read More Here

International Energy

Ncondezi Energy Signs Agreement With Consulting Firm For Its Mozambique Solar Project

December 28, 2022December 28, 2022 Constance

Ncondezi Energy has signed a master services agreement with Synergy Consulting to provide financial and transaction advisory services for its 300MW solar project in Mozambique. According to a statement from Ncondezi, which is developing the solar photovoltaic (PV) and battery energy storage system (BESS) project in Tete, Mozambique, the agreement covers potential advisory services to accelerate the project up to financial close. That includes the finalisation of the power tariff, negotiations with project lenders for debt financing and capital raising for Ncondezi’s equity contribution towards the project. “As we continue… Read More Here

Energy International Oil & Gas

Germany pushes back on Putin’s ‘blackmail’ with gas terminal

December 19, 2022December 19, 2022 Constance

Germany opened its first state-chartered liquefied natural gas vessel as Europe’s largest economy races to replace Russian gas amid an energy crunch and freezing temperatures. “As of today, Germany and the EU will become a great deal more secure and independent,” Chancellor Olaf Scholz said in a short speech Saturday in Wilhelmshaven on the North Sea coast to mark the inauguration. Scholz said Russian President Vladimir Putin, in pursuing the invasion of Ukraine, calculated that he could pressure Germany and the rest of Europe by making energy a political weapon… Read More Here

Energy International

Africa’s Energy Sector in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit

December 19, 2022December 19, 2022 Constance

We are confident that, like previous meetings between American and African Leaders, the events of the Africa Leaders’ Summit, that took place in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future of the world. We truly believe that the leaders who assembled in Washington have the best intentions in mind. They will be determined to effect positive change on everything from African governance and human rights to food security and education. The… Read More Here

Energy International

Most Canadians see clean energy as safer, more affordable than fossil fuels

December 18, 2022December 21, 2022 Constance

Two-thirds of Canadians think a clean energy system such as hydro, wind, solar power and electric vehicles would be more affordable than a fossil fuel energy system, a recent survey shows. According to the study conducted by Clean Energy Canada and Abacus Data, such a view is shared by a majority in every region or province, except for Alberta. The survey also shows that over seven in ten Liberal, National Democratic Party and Green Party supporters feel this way, as do four in ten Conservative Party adherents. The poll also… Read More Here

Mining in DRC Energy

Hitachi Energy to secure power supply in Africa’s longest high-voltage direct current (HVDC) link

October 17, 2022October 17, 2022 Copperbelt Katanga News

Long-term service agreement will extend the operating life of the 40-year-old link, which is vital for economic growth in the Democratic Republic of Congo Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has signed a long-term service agreement with Société Nationale d’Electricité (SNEL), the national electricity company of the Democratic Republic of Congo, to secure power supply in the country’s most important power transmission asset: the Inga-Kolwezi high-voltage direct current (HVDC) link. The link supplies up to 1,000 megawatts of… Read More Here

Energy Mining in DRC

ARE gives a favorable opinion to the company Karpowership to deploy its 200 MW floating power plant in Matadi in the DRC

October 17, 2022October 17, 2022 arnbethnic

The Electricity Sector Regulatory Authority (ARE) granted a favorable opinion on the concession application submitted by the company Karpowership on Friday, October 14, 2022, and the notification was made to Mr. Zitouni Zyed Akram, Business Development Manager within the said company. Karpowership, a world-renowned company, wants to install a floating power plant with a capacity of 200 Megawatts, in Matadi, at Kongo Central. “Today the ARE kindly gave us the favorable opinion for our concession request for our 200 Megawatt floating power plant in Matadi”, indicated Mr. Zitouni Zyed. ARE’s… Read More Here

Energy Equipment & Technology International

Fortescue sees first major hydrogen project within next 9 months

October 14, 2022October 14, 2022 admin

Fortescue Future Industries will announce its first major clean energy project within the next nine months, as the unit of Fortescue Metals Group Ltd. attempts to reach its ambitious green hydrogen production goals. “We’ve got a couple of projects which are getting very close to first investment decision, and so we’re looking to do that certainly over the next nine months or so to have those announcements out there,” Guy Debelle, chief financial officer of FFI and former deputy governor of the Reserve Bank of Australia, said in an interview… Read More Here

Energy

Sasol to announce green hydrogen deals with local miners soon

September 28, 2022September 28, 2022 admin

South African petrochemical major Sasol will announce partnerships over the next few weeks with local mining companies to supply green hydrogen for their mining operations, a senior company executive said on Wednesday. A major part of the South African government’s aim to cut climate-warming gas emissions is tied to the private sector’s use of green hydrogen for buses, taxis and heavy-duty vehicles such as hauling truck and forklifts in the mines. “There are a few mining partners that we are talking to that we will announce shortly to supply green… Read More Here

Mining in DRC Energy

KIPAY Energy challenges itself to produce more than 160 Mw in Haut-Katanga, DRC

August 21, 2022August 21, 2022 arnbethnic

The Congolese company KIPAY Energy has set itself the challenge of producing more than 160 Megawatts in a solar-hydroelectric hybrid system, in the province of Haut-Katanga. This ambitious project led by a Congolese, Eric Monga Sombe Sombe, should help reduce the energy deficit in this mining province of the Democratic Republic of Congo. The investment is valued at over US$400 million. This project will contribute to economic development, social well-being and the protection of forests and biodiversity. The investment period for this project is 30 years, with 30% equity and 70% debt. The… Read More Here