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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. …
So attractive is the sector in Africa that the UK has invested over £50 million into clean energy projects on the continent.…
The continent needs an estimated US$188 billion to build modern energy infrastructure.…
The giant hydropower dam on the Blue Nile (Grand Ethiopian Renaissance Dam-GERD) agreement is set to be finalized later this month in Washington-USA by ministers from Egypt, Ethiopia, and Sudan, who came to an agreement on Wednesday, Reuters reveals.
The hydropower project caused a rather serious diplomatic crisis between Cairo (of which relies on the river for its freshwater supply) and Addis Ababa.
According to Reuters, the ministers agreed to fill the $4 billion project in stages during the wet season, taking into account the impact on downstream reservoirs, the U.S. Treasury Department, which hosted the meeting, said in a joint statement with the countries and the World Bank.
Further, the statement highlighted that the initial filling of the dam set to commence in July will aim for a level of 595 meters above sea level and early electricity generation while providing appropriate mitigation measures for Egypt and Sudan during …
Players in South Africa’s mining sector have called upon the government to fix the power crisis being experienced in the country subsequently devastating business operations in the country.
According to Reuters, the Mineral Council South Africa took the decision on Monday to settle the nation’s power crisis, which saw record-high power cuts crippling business operations, including OR Tambo Airport operating in darkness after transformer shutdown.
The state-owned utility Eskom which supplies 95 per cent of the nation’s power was forced to implement power cuts across the country in 2019.
The Mineral Council South Africa was noted by Reuters that, the insecurity in power supplies plus rapidly increasing costs were at the forefront of the constraints on the economy and mining industry.
Also, the body commented on government intervention towards facilitation of additional power that could be brought on stream to bridge the gap
“The government and Eskom should be contracting …
African Development Bank (AfDB) has approved a grant worth $8 million aimed at supporting the preparation of the Ruzizi IV Hydropower Project.
A statement from the Bank shows that the grant was drawn from the European Union’s Africa Investment Platform (EU-AIP).
According to the bank, the plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo (DRC) and is expected to supply electricity to the DRC, Burundi, and Rwanda.
About half of Rwandans have access to electricity, and the project comes to strengthen the fast-growing economy energy sector ambition, set on increasing access, stimulating demand and strengthening transmission network.
The project also stands to improve electricity supply status to one the least electrified nation’s in the world, Burundi with access rate standing at 7 per cent. More importantly, the project will impact one of the largest countries in the region, DRC which also has …
The African Development Bank through managed Sustainable Energy Fund for Africa (SEFA) approved a $990,000 grant to support the preparation of a 9-MW solar-hydro hybrid project in Burundi.
The project consists of two plants, each consisting a solar and a hydro component, a local distribution network and interconnection to the national power grid. The innovative hybrid design is seen to regularize the output of power during the dry and wet season and mitigate power shortfalls caused by climate change.
Also Read: African Development Bank launches AFAWA Risk Sharing Facility
The SEFA grant is instrumental in assuring project bankability it will support technical feasibility, social impact and environmental assessment and financial advisory for the solar-hydro hybrid project.
The project will electrify about 20,000 households in surrounding communities through a local distribution network upon completion.
As a result of more electricity access the project will further generate socio-economic benefits especially for women …
