Category: Energy

The African continent is currently in the midst of an exciting and transformative period in its energy sector. As global awareness of the urgent need to transition to cleaner and more sustainable sources of energy intensifies, African nations are stepping up their efforts to harness their vast renewable energy potential. In this endeavor, African banks are playing a crucial role by providing the much-needed financial support to propel the continent’s energy transition. This article explores

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The European Bank for Reconstruction and Development (EBRD) has approved a €45 million loan to Tunisia’s Société tunisienne de l’électricité et du gaz (STEG) for a submarine power cable linking Tunisia and Italy. STEG will combine the loan with a €307.6 million grant from the European Union’s Connecting Europe Facility, and financing from the European Investment Bank, the World Bank, and KfW to develop the 200-km 600 MW high-voltage direct current transmission network. The project,

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The TFT Group, a joint venture comprising the Algerian National Oil Company Sonatrach and the global oil and gas major TotalEnergies, has signed a contract with Entreprise Nationale de Grands Travaux Pétroliers (ENGTP) to expand the TFTII oil and gas pipeline. ENGTP will conduct engineering studies, procure equipment, and materials for the project, as well as construct the pipeline, flowlines, and surface facilities as part of the 8 billion dinars contract. The extension of the

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In a time of significant change and transformation in the global energy sector, Petrofac is gearing up to play a pivotal role in meeting the evolving energy needs of the world. The company is actively seeking dynamic team players to join its ranks and contribute to its mission of shaping the future of energy supply and security. The world is currently reevaluating its energy supply sources and energy security requirements. As it plans for a

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By 2035, Africa has the potential to produce 50 million tons of competitively priced green hydrogen, with expected global demand for green hydrogen reaching 607 million tons by 2050. In comparison, Africa’s demand for green hydrogen and its derivatives is expected to be between 10 million and 18 million tons a year by 2050, with a production potential exceeding that. Prasad emphasizes that Africa can export between 20 million and 40 million tons of green

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South Africa’s master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa’s most developed economy for years. The master plan will go to the cabinet before public release, a senior official at the department of mineral resources and energy (DMRE) said on Tuesday 10th October, 2023. “It is done, it is going through the internal

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