Energy - Copperbelt Katanga Mining

Zambia’s President finalizes $2 billion Solar Agreement With UAE

January 26, 2023January 26, 2023 Constance

President Hakainde Hichilema, has facilitated the signing of a significant energy deal that has the potential to revolutionize the Zambian energy sector. The Zambian-owned power utility company ZESCO has signed an agreement with the United Arab Emirates’ company Masdar to develop solar projects worth $2 billion. During the signing of a Memorandum of Understanding (MoU) and Joint Development Agreement (JDA) between Zambia and the UAE, Hichilema stated that the MoU aims to promote large-scale investment in renewable energy in Zambia. The MoU and JDA will see ZESCO partner with Masdar,… Read More Here

Oil & Gas Energy International

Global oil demand would be higher around 101.7 million b/d in 2023, according to the IEA

January 22, 2023January 22, 2023 arnbethnic

The International Energy Agency (IEA) forecasts a significant increase in global oil demand during the year 2023. Indeed, the demand is expected to be around 101.7 million bpd, up 1.9 million bpd compared to previous estimates provided by the Agency. According to an Agency report on the oil market published on Wednesday, January 18, 2023, “this improvement is, in large part, directly linked to the recent relaxation of zero Covid measures in China which has led to a significant increase in the energy consumption and demand.” As far as supply… Read More Here

Energy Electricity Mining in Zambia

Zambia’s ZESCO Collaborates With Masdar On Potential 2,500 MW Renewable Energy Deal

January 20, 2023January 22, 2023 Constance

Zambia and the United Arab Emirates (UAE) have signed a Memorandum of Understanding and Joint Development Agreement (JDA) which will see ZESCO, the country’s state-owned electricity company, partner with MASDAR, a key investment funding entity of the UAE. The two parties will form a joint venture to develop and deploy large-scale solar projects across Zambia, with an estimated value of $2 billion. This is not a loan, but a capital injection in which the Zambian people, through ZESCO, will be partners in shareholding. The joint venture aims to initially develop… Read More Here

International Energy

Tanzania’s President Samia Suluhu Hassan Calls for Global Attention on Africa for Energy Solutions

January 19, 2023January 22, 2023 Constance

The President of Tanzania suggests that creating power pools in East and Southern Africa can secure energy across the continent. President of Tanzania, the 53rd World Economic Forum Annual Meeting, emphasized Africa’s wealth in natural resources and its potential to contribute significantly in the worldwide shift to sustainable energy. She urged for more private sector investment in Africa to harness the continent’s resources and develop sustainable energy solutions. President of Tanzania, Samia Suluhu Hassan, emphasized Africa’s wealth of natural resources, including cobalt, copper, and nickel, and the importance of utilizing… Read More Here

Battery Metals Energy International

UK And Saudi Arabia To Collaborate On Critical Minerals Delivery

January 19, 2023January 19, 2023 Constance

United Kingdom Business Secretary, Grant Shapps, has agreed to deepen the UK’s collaboration with the Kingdom of Saudi Arabia on critical minerals, putting the government’s ambitions for building more resilient critical minerals supply chains into clear action. The partnership paves the way for the UK and Saudi Arabia to work together on diversifying sources of critical minerals, both through Saudi investment in the UK’s world leading manufacturing and mining finance sectors as well as new opportunities for UK mining firms to do business in Saudi Arabia. This is also important… Read More Here

Battery Metals Energy International

Global Battery Alliance Launches Battery Passport Proof Of Concept

January 19, 2023January 19, 2023 Constance

The Global Battery Alliance (GBA), the world’s largest multi-stakeholder organisation to establish a sustainable battery value chain by 2030, has launched the proof of concept for its Battery Passport at the World Economic Forum’s Annual Meeting in Davos. The Battery Passport is key to facilitating the rapid scaling of sustainable, circular, and responsible battery value chains to meet the targets of the Paris Agreement through electrification of the transport and power sectors. It has been developed over three years by the GBA’s members, who span the global battery value chain… Read More Here

Mining in Zambia Electricity Energy

MAAMBA COLLIERIES COMPLETES SCHEDULED MAINTENANCE THREE DAYS AHEAD OF SCHEDULE

January 17, 2023January 17, 2023 arnbethnic

SINAZONGWE, ZAMBIA – Maamba Collieries Limited (MCL) has completed its scheduled maintenance works on one of its two 150 MW units at the coal-fired thermal power plant three days ahead of schedule and has since resumed operations at full capacity and is supplying full power to ZESCO. MCL has upheld its commitment made to the GRZ and ZESCO, during His Excellency the Republican President of Zambia Mr Hakainde Hichilema’s visit to Maamba on 8th January 2023, to commence operations well before the scheduled date of 20th January 2023. His Excellency inspected… Read More Here

Energy Mining in Zambia

MAAMBA COLLIERIES LTD AND ZESCO LIMITED JOINT CLARIFICATION ON MAINTENANCE OUTAGE

January 16, 2023January 16, 2023 Copperbelt Katanga News

LUSAKA, ZAMBIA – Maamba Collieries Limited and ZESCO Limited jointly clarify that the current shutdown of one of the two 150MW units for Maamba Collieries Limited’s 300MW Thermal Power Station is due to routine planned maintenance and strongly refute suggestions in some quarters, that the maintenance is being used as an ‘arm-twisting’ mechanism by Maamba Collieries to demand funds owed to them by ZESCO Limited. The two companies have recently cemented a new spirit of partnership and collaboration following an agreement on an amicably revised tariff and resolution of a legal… Read More Here

Energy International

Booming Market for Energy Transition Provides Opportunities for Diversification

January 16, 2023January 16, 2023 Constance

The International Energy Agency (IEA) reports that the energy transition presents an industrial opportunity with a projected triple increase in market value by 2030, however, it also notes the potential risks, particularly in terms of geographical concentration. The IEA estimates that by 2030, the global market for major low-carbon energy technologies such as solar panels, wind turbines, batteries, hydrogen electrolyzers, and heat pumps will reach approximately 650 billion dollars annually, a threefold increase from current levels, assuming countries adhere to their commitments. Industrial jobs in the sector are expected to… Read More Here

International Coal Energy

Global Coal Demand Set To Rise Amid Upheaval Of The Energy Crisis

January 12, 2023January 12, 2023 Constance

Coal markets have been shaken severely in 2022, with traditional trade flows disrupted, prices soaring, and demand set to grow by 1.2%, reaching an all-time high and surpassing 8 billion tonnes for the first time. In last year’s annual market report, Coal 2021, we said that global coal demand might well reach a new peak in 2022 or 2023 before plateauing thereafter. Despite the global energy crisis, our overall outlook remains unchanged this year, as various factors are offsetting each other. Russia’s invasion of Ukraine has sharply altered the dynamics… Read More Here