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Energy
- The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices.
- UNOC’s direct importation and sale of fuel to OMCs in Tanzania and Uganda is a significant step towards fostering stronger regional ties, promoting economic growth, and ensuring energy security.
Uganda National Oil Company (UNOC) has started the sale of petroleum products to oil marketing companies in both Uganda and Tanzania.
This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This maneuver signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms.
Breaking New Ground: Uganda National Oil Company Direct Importation Deal
For years, Uganda’s fuel supply chain was heavily dependent on Kenyan OMCs. However, …
- The joint development of the Green Giant Project will expedite the construction of the first 200MW phase of the investment.
- Mini-grids account for more than half of all new connections in DRC.
- The agreement represents a significant milestone in the collaborative efforts between SkyPower, AFC, and the DRC.
The Democratic Republic of Congo (DRC), Africa Finance Corporation (AFC) and SkyPower Global have entered into a joint development agreement for the first phase of SkyPower’s Green Giant project in the mineral-rich country.
The move is meant to promote the use of renewable energy in the Eastern African state. This 200MW Phase one is a crucial step towards achieving the landmark 1,000MW Solar Power Purchase Agreement (PPA) signed between SkyPower and the DRC’s state-owned utility, Société Nationale d’Electricité (SNEL).
The partnership brings together SkyPower’s extensive experience in developing large-scale solar projects and AFC’s successful track record of de-risking and funding well-structured power …
- Uganda signed a deal with China under which the China National Nuclear Corporation(CNNC) would assist its endeavours to tap into one of the few Nuclear energy sources in Africa.
- The first nuclear project, Buyende Nuclear Power Plant, will be located in Buyende, approximately 150 km(93 miles) north of Kampala.
- Uganda has an estimated 52000 square kilometres of uranium deposits around Buganda, Toro, Ankle and Bunyoro.
Africa takes the next step in its evolution as Uganda announced its plans to generate at least 1000 MegaWatts(MW) from its nuclear power plant by 2031. This lines up with its efforts to identify alternative energy solutions that guarantee faster and more efficient electricity production. Uganda will become one of the few countries to produce nuclear energy in Africa, further boosting its economic growth exponentially.
Uganda first discovered its uranium deposits in 2004, and since then, nuclear power became a valid option for the country. …
Continent-wide, over 640 million Africans have no access to energy which corresponds to an electricity access rate for African countries at just over 40 per cent. …
The reality is that many facilities cannot effectively run without electricity. …
As the Mozambique LNG plant nears US$15B finance – making it the biggest private investment in Africa – two main points of view arise, diametrically opposed:
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- a more cautious short-term assessment identifies the current oversupply of natural gas worldwide, and a steep drop in price; in Asia, for instance, prices dipped so much that importers in China have released themselves from contracts claiming “force majeure”, a clause often invoked during natural disasters or war. Prices in Asia have fallen below US$3 per million British thermal units, whereas in mid-January it was comfortably above US$5/mmbtu.
- long-term growth prospects for the second half of this decade are phenomenally promising, with Royal Dutch Shell stating that demand has already been rising (by 12.5% only last year) and it forecasts that this demand will double by 2040, reaching 700 million tonnes. The fact that
A webinar organised by The Power & Electricity World Africa, entitled “Achieving Energy Security: Encouraging Healthy Competition And Regulation For IPPs”, took place on the morning of July 14th, 2020.
Also Read: Angola’s exceptional measures in force during sanitary enclosure
The attending virtual panel consisted of:
- Dr. Clinton Carter-Brown, Energy Centre Head, CSIR, South Africa – Moderator
- Vitor Marquez da Cruz, Managing Director, MC&A Advogados
- Eng. Julius Riungu, CEO, Tsavo Power, Kenya
The topic of African Energy security and the challenges ahead was debated in a little over an hour, with very insightful contributions from all parties involved being brought to the forefront.
The imbalance of supply and demand for electricity in Africa curbs its potential for economic development. IPPs (Independent Power Producers), though, align very well with the national energy security agenda and are a definite solution to meeting Africa’s growing electricity needs.
Africa currently accounts for …
It is almost impossible to run a business without power which makes it hard for the continent’s small businesses .…
90 per cent of the global population without access to electricity will be concentrated in the SSA…
