Gas majors Anadarko Petroleum, ENI and BG Group have discovered over 100 trillion cubic feet (tcf) of natural gas reserves off the coasts of Mozambique and Tanzania, the biggest global offshore find in decades. These discoveries make East Africa as potentially prodigious a producer as Nigeria, currently the current fifth largest liquefied natural gas exporter in the world."
. Nigeria: Hong Kong Firm Plans 200,000 Barrels Refinery in Nigeria. Nigeria signs a $11m power supply deal with Japan. In Nigeria, amid power rates hike protests, federal government engaged in an agreement with Japan aimed at improving emergency power supply facilities in two states.
Local media, This Day Live reported that the agreement means that Japan will provide a grant worth about $11 million for the upgrade of two substations in the Federal Territory (FCT) and Nasarawa states. During the signing of the agreement, minister of budget and national planning, Senator Udoma Udo Udoma, stated that the goal behind the 'Electricity Supply Facilities Project' by the Japanese government was meant to enhance the country’s efforts to ensure a steady power supply for economic growth.
Kuwait plans mega investments in Egypt’s power sector: ECS. Egyptian Commercial Service logo CAIRO: A number of Kuwaiti companies are planning to pump investments especially in power sector, state-owned MENA quoted Head of Egyptian Commercial Service (ECS) office Gamal Faisal Tuesday.
Faisal stated in Kuwait Tuesday that two companies are looking at investments; one is affiliated to the Kuwaiti ministry of investment and intends to invest $1 billion in solar energy projects. GCC investors pile in to North African energy. UAE and GCC investors are gearing up to funnel buckets of cash into various African energy projects.
There are different types of financiers coming into the continent, spanning sovereign wealth funds to high-risk, high-return developers, according to Cornelius Matthes, the managing director of the Mena region for the Italian firm Building Energy. Mr Matthes said North Africa was the obvious choice for many investors based on common culture and language. And players such as Abu Dhabi-based Masdar are looking to expand in their existing North African branches. A Masdar executive declined to give figures, but said that the company was looking to expand but would “maintain and increase the value” of its assets. “For commercial projects, we are interested to expand further in Egypt, Morocco and Mauritania,” Maged Farouk, Masdar’s senior manager for special projects, said at the Africa Energy Forum (AEF) in Dubai.
“But still North Africa is by far not the main focus. Energy: Egypt and Kuwaiti company in a $1.6 bn project deal. Rising energy consumption and decreasing production have turned Egypt from a net energy exporter to a net importer.
Photo©Reuters Egypt has signed preliminary deals with Kuwait's Alghanim International for two energy-related projects worth a total of $1.6 billion, its prime minister said in a statement on Wednesday. One initiative would see four gas-powered plants converted to operate on combined cycle, while the other would establish gas-powered plants with a total capacity of 900 megawatts. The statement did not specify a timeframe for the Kuwaiti projects. Privately-owned Alghanim International is part of the Fouad Alghanim & Sons Group, one of the biggest conglomerates in the Middle East. The government's effort to encourage private investment to renovate the creaking national grid -- which began with initial reforms to costly energy subsidies last year -- seems to be bearing fruit. Blackouts deepened discontent with Islamist President Mohamed Morsi before his ousting in July 2013.
Saudi-Egypt power link project to start in new year. By Afp Published: 23:48 GMT, 15 December 2014 | Updated: 23:48 GMT, 15 December 2014 A project to link the electricity grids of Egypt and Saudi Arabia will start next year at a cost of at least $1.5 billion, officials said on Monday.
Emerging Energy Trends In Africa. A new comprehensive report from the IEA has revealed some interesting energy trends taking place in Africa, with potential for huge growth and development.
With 30% of global oil and gas discoveries made in the region in the last five years as well as great potential for renewable energy investment and expansion, Africa could see massive increases in the energy sector in the coming decades. Here are some of the key elements of the report: Portugal provides funding to Sao Tome to build power plants on the archipelago – Macauhub. The Sao Tome and Principe government is set to build two small power plants with funding from Portugal, costing around US$6 million, said the Minister for Public Works, Infrastructure and the Environment, Osvaldo Abreu.
“The contingency plan that we have basically consists of installing an emergency plant in Sao Tome, with an average capacity of 3 megawatts, and one on Principe, with a capacity of 1.5 megawatts,” said the Sao Tome minister. The minister was speaking after a visit to Lisbon where he met with Portuguese energy sector officials. S/Korea bankrolls Mozambique energy projects. Cher internaute, Nous vous remercions de votre visite sur le site APANEWS et profitons de cette occasion pour vous informer que la consultation des derniers articles est gratuite.
L'accès aux archives payantes passe par un système d'ABONNEMENT ou d'ACHAT en ligne, par carte bancaire, ou toute autre voie convenue d’accord partie. Pour tout autre besoin ou forme de paiement, veuillez contacter le service marketing de l'Agence de Presse Africaine (APA) aux coordonnées suivantes : TAQA to build 300MW power plant in Ghana. The plant is expected to make the precarious power situation in Ghana a thing of the past.
(Image source: Jim Handcock/Flickr)Abu Dhabi National Energy Company (TAQA) has revealed plans to build an energy facility that will generate 300MW of power at the Takoradi Thermal plant in Ghana The energy company also expressed interest in helping Ghana in liquefied natural gas to undertake industrial activities. Egypt State Information Service.
Badagry Petroleum, Singaporean firm plan 100,000bpd refinery. Nigerian firm, Badagry Petroleum Refinery Limited, and a Singaporean firm, Eton Finance Private Limited, on Friday, signed a joint venture financing agreement that will boost the nation’s local crude oil refining capacity by 100,000 barrels per day.
The joint venture agreement will enable Badagry Petroleum construct and operate a 100,000bpd Greenfield refinery to be located in the Ipokia Local Government Area of Ogun State. The Executive Chairman, Badagry Petroleum Refinery Limited, Alhaji Rasaki Awayewaserere, signed the agreement in Abuja on behalf of the Nigerian firm, while Mr. Allan Rennie, a director with Eton Finance Private Limited and Managing Director of Niger-Delta Refinery and Petrochemicals Company Limited, signed on behalf of the foreign firm. Daewoo International signs deal to build $1.3 bln Kenyan power station.
Japan’s Sumitomo Mitsui group interested in oil exploration in Angola.