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Category: Energy

ZESCO, CEC ink 13 year new Bulk Supply Agreement 1 Mining in Zambia Energy 

ZESCO, CEC ink 13 year new Bulk Supply Agreement

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ZESCO Limited is pleased to announce the successful signing of a 13 year Bulk Supply Agreement with the Copperbelt Energy Corporation (CEC) effective 1st April 2022. This Agreement was signed two years after the expiry of the Bulk Supply Agreement between the two institutions that had been in existence from 21st November 1997 to 31st March 2020. The expiry of the old Bulk Supply Agreement was preceded by unsuccessful attempts to negotiate a successor agreement which was followed by a two-year period of trade on disputed terms between the two… Read More Here
58.2 million USD paid to oil companies in June 2022 as state subsidies- DRC 2 Mining in DRC Energy Oil & Gas 

58.2 million USD paid to oil companies in June 2022 as state subsidies- DRC

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The Government of the Democratic Republic of Congo (DRC) paid 58.2 million US dollars as subsidies for petroleum products at the pump to petroleum companies established on the national territory. This was indicated by the Congolese Minister of Finance, Nicolas Kazadi, quoted by Patrick Muyaya, Spokesman of the Government, on the occasion of the sixtieth meeting of the Council of Ministers. “Petroleum product price subsidies at the pump were paid in the amount of USD 58.2 million in June 2022,” Congolese government spokesman Patrick Muyaya said. According to the National… Read More Here
Exploitation of 16 oil blocks, Didier Budimbu requests involvement of heads of diplomatic missions accredited in the DRC 3 Mining in DRC Energy Oil & Gas 

Exploitation of 16 oil blocks, Didier Budimbu requests involvement of heads of diplomatic missions accredited in the DRC

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The Minister of Hydrocarbons of the Democratic Republic of Congo (DRC), Didier Budimbu, invited the heads of diplomatic missions accredited in the DRC to invest in playing the bridge between investors from their respective countries and oil exploitation opportunities and gas that the country offers. The Congolese Minister of Hydrocarbons made this call during a business dinner organized by Monday, June 27, 2022 in Kinshasa. This ceremony was attended by several political personalities including senators and national deputies. The former Ministers of Hydrocarbons, notably Célestin Mbuyu, Rubens Mikindo, Musa Mondo… Read More Here
SNEL brings the Bukanga-Lonzo substation back into service- DRC 4 Mining in DRC Energy 

SNEL brings the Bukanga-Lonzo substation back into service- DRC

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The substation of the Bukanga-Lonzo agro-industrial park has been put back into service by the National Electricity Company (SNEL), announced the Minister of Water Resources and Electricity, Olivier Mwenze. According to the communication services of the Ministry of Water Resources and Electricity, this project, which dates back several years, should serve the provinces of Kwango and Kwilu. According to the supervising Minister, Olivier Mwenze, this work has been handed over to the manager pending the construction of the transmission lines. “The construction of transmission lines is the next step to… Read More Here
Australian FFI reassures on the realization of its investment in the production of green hydrogen from Grand Inga 5 Energy Mining in DRC 

Australian FFI reassures on the realization of its investment in the production of green hydrogen from Grand Inga

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The Prime Minister, Jean-Michel Sama Lukonde Kyenge, received, this Monday, May 30, 2022 at the Primature, a delegation from the Australian group FFI (Fortescue Future Industries) who came to present to him the report on the progress of their project in DRC with a view to signing a cooperation agreement for the production of green hydrogen from the Grand Inga project as part of the energy transition. Operating in the mines in Australia, FFI wants to launch, in the DRC, mainly in the production of green hydrogen, a product suitable… Read More Here
ZESCO advances green drive - Zambia 6 Energy Mining in Zambia 

ZESCO advances green drive – Zambia

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“We are on course to advancing green energy through our Renewable Energy department” said the ZESCO Limited Acting Managing Director Mr. Peter Chamfya. Zambia through the Ministry of Commerce, Trade, and Industry hosted a European Union (EU) – Zambia Inaugural Economic Forum on 18 and 19 May 2022 at Mulungushi International Conference Centre in Lusaka. The Economic forum which was held under the theme “Economic Transformation through Green Growth” was graced by His Excellency the President of the Republic of Zambia, Mr. Hakainde Hichilema, attracted over 400 delegates spanning from 27 member states… Read More Here
DRC Minister, African Energy Chamber Meet in Luanda, Pledge to Work Together to Secure Investment in DRC Energy 7 Mining in DRC Energy 

DRC Minister, African Energy Chamber Meet in Luanda, Pledge to Work Together to Secure Investment in DRC Energy

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The African Energy Chamber (AEC), led by Executive Chairman NJ Ayuk, met with H.E. Didier Budimbu Ntubuanga, Minister of Hydrocarbons of the Democratic Republic of Congo (DRC), in Luanda during the 8th African Petroleum Congress and Exhibition to discuss strategies to secure more investment in the country. With the DRC representing a frontier market for oil and gas exploration, and opportunities across the entire value chain providing for a lucrative investment environment, both the ministry and the AEC are committed to driving the development of the burgeoning DRC energy sector. During… Read More Here
South Africa, Namibia among new African Green Hydrogen Alliance’s founding members 8 Energy 

South Africa, Namibia among new African Green Hydrogen Alliance’s founding members

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South Africa, Namibia and four other African countries on May 18 formally launched the Africa Green Hydrogen Alliance, with the aim to make the continent a frontrunner in the race to develop green hydrogen, to accelerate the transition away from a reliance on fossil fuels and to shift to new energy technologies that open up access to clean, affordable energy supplies to all. In forming the alliance, Kenya, South Africa, Namibia, Egypt, Morocco and Mauritania intend to foster collaboration on creating a sustainable enabling environment to supercharge green hydrogen development.… Read More Here
Zambian energy crisis opening way to clean energy for the country and its mines 9 Energy Mining in Zambia 

Zambian energy crisis opening way to clean energy for the country and its mines

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The energy crisis in Zambia had created a situation in which the country could combine increasing its electricity generation capacity with a simultaneous transition to low-carbon renewable energy sources. This was pointed out to Mining Weekly Online by Zambian State-owned group ZCCM Investments Holdings board chairperson Dolika Banda in an exclusive interview at the Mining Indaba 2022 conference in Cape Town, on Thursday. “Our energy situation is untenable,” she affirmed. “Electricity is unreliable and power outages are frequent. Many have to use generators, which is costly. This situation is not sustainable. Zambia… Read More Here
Southern Africa must be pragmatic about a zero-emission future – Miasa 10 Energy 

Southern Africa must be pragmatic about a zero-emission future – Miasa

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While the Mining Industry Association of Southern Africa (Miasa) supports the just transition to clean energy, the region must ensure it is pragmatic in its approach, says newly elected president Sokwani Chilembo. Chilembo is also the CEO of the Zambia Chamber of Mines. Speaking at an Investing in African Mining Indaba media conference on Wednesday, Chilembo noted that there was a need to ensure the protection of communities’ livelihoods, and that the upscaling of renewable energy had to be “pragmatic” and “carefully considered”. “We must not leave any of our regional… Read More Here

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