Energy - Copperbelt Katanga Mining

Zambia Electricity Supply Cooperation To Set Up 800 Megawatts Solar Plants

January 12, 2023January 12, 2023 Constance

Zambia Electricity Supply Cooperation Limited is working on setting up solar plants across the country to produce 800 megawatts of electricity. ZESCO National Spokesperson HENRY KAPATA states that the company’s plan to set up solar plants across the country is in alignment with the directive from President HAKAINDE HICHILEMA to explore alternative sources of energy. He says ZESCO Limited plans to construct a 250 megawatts solar plant on their own, and will also partner with another company to construct another 250 megawatts.” According to Mr. KAPATA, ZESCO Limited has identified… Read More Here

Energy Mining in Zambia

British Companies to Invest $2 Billion in Zambia’s Energy Industry

January 12, 2023January 12, 2023 Constance

Seven companies from the United Kingdom have committed to investing $2 billion to establish renewable energy projects in Zambia, which are expected to generate 2,000 megawatts of electricity. British High Commissioner to Zambia, NICHOLAS WOOLLEY, reported that the companies from the United Kingdom are currently carrying out feasibility studies and seeking regulatory approvals before proceeding with their projects. Mr. WOOLLEY revealed that the companies are planning to establish solar and wind energy projects in various regions of the country, which will produce power to be sold to the country’s Electricity… Read More Here

International Battery Metals Energy

Ivanhoe Electric ties up with Saudi Arabia’s Ma’aden

January 11, 2023January 11, 2023 Constance

Ivanhoe Electric (NYSE America, TSX: IE), the latest endeavour of mining magnate Robert Friedland, is joining forces with Saudi Arabian miner Ma’aden to explore for metals considered key for the world’s energy transition. The companies are creating a 50/50 joint venture for such purpose that will run for five years, and may be extended up to ten years. As part of the exploration deal, Ma’aden will invest $126.4 million in Ivanhoe Electric equity, which grants the Gulf’s largest miner a 9.9% in Ivanhoe Electric, which owns properties in Arizona, Utah and Montana, along with… Read More Here

Electricity Energy Mining in Zambia

Zambia Extends Electricity Rationing To Include Mining Firms

January 11, 2023January 11, 2023 Constance

On Tuesday, 10.01.2023 the chairman of state-owned power utility Zambia Electricity Supply Cooperation (Zesco) announced that Zambia has begun rationing electricity to mining companies due to decreased power generation as a result of a significant decline in water levels in Lake Kariba. The Zambezi River Authority, responsible for managing the dam, reported that on Monday, 09.01.2023 the water levels in Lake Kariba were at a low of 1.66% of usable storage for the Kariba North Bank Power Station in Zambia and the Kariba South Bank Power Station on the Zimbabwean… Read More Here

Energy Mining in Zambia

Zambian Authorities Seek Solutions To Long-Standing Energy Shortage In Crisis Talks

January 10, 2023January 10, 2023 Constance

Hichilema remains determined to keep his election campaign commitment of exterminating load management through creating stable power supply to citizenry. Energy poverty is counterintuitive to Zambia’s growth especially at a time the Southern African nation grapples with debt distress and is in the middle of a debt restructure. Zambia faced a similar crisis in 2015 – 2016 period where drought induced a power crisis. In this period the copper producer faced a foreign exchange crisis with sharp currency depreciation, inflation spiral and soaring interest rates as an autopsy. These market… Read More Here

International Coal Energy

Arq Process Converts Fine Coal Waste Into Microfine Hydrocarbon

January 9, 2023January 9, 2023 Constance

Arq, an innovator in recovery and transformation of coal waste into an entirely new source of high-value energy, recently installed eight 18-foot Eriez® CavTube flotation columns in its first commercial facility located in Corbin, Kentucky. The Arq process converts fine coal waste into Arq Fuel™, a high value, microfine hydrocarbon with an average particle size of less than 5 microns and less than 1% mineral matter that can be blended into oil products. Arq Fuel™ behaves like oil without the costs of the oil industry. Eriez’ CavTube columns, which are… Read More Here

Energy Mining in Zambia

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