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International Energy News Oil

Egypt and TotalEnergies Discuss Strategic Energy Partnerships and Investment Opportunities

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, recently met with senior officials from French energy giant TotalEnergies. The delegation included Thomas Strauss, Managing Director of TotalEnergies Marketing Egypt, and Pascal Breant, Managing Director of TotalEnergies E&P in Egypt. The meeting focused on TotalEnergies’ activities in Egypt and their plans concerning the recent EGAS bid for 2024, which seeks to explore and develop oil and gas in 12 sectors across the Mediterranean and the

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Energy

$700 Million Trans-Cunene Railway Project to Link Angola and Namibia

The $700 million “Trans-Cunene” railway project, aimed at connecting Angola and Namibia, was presented last Thursday to the Provincial Government of Namibe by Namibian company Global Business Development (GBD). Harold Luttichau, head of the consortium, outlined the project, which includes building a new 400-kilometer railway from Lubango to Cunene and rehabilitating the existing line between Lubango and Moçâmedes. The project is expected to be completed within 15 months. “This rail link will benefit not only

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International Energy News

Egypt Expands Hydroelectric Projects to Boost Clean Energy Production

The Egyptian government has announced plans to develop two new hydroelectric projects as part of its broader strategy to transition to cleaner energy sources and reduce dependence on fossil fuels. These projects are expected to generate up to 2,000 MW of electricity. Unlike the Jabal Ataqa project, which utilizes treated sewage water, these new initiatives will draw water from the Nile River. The Jabal Ataqa project, launched in collaboration with the Chinese company Sinohydro in

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Local Energy News

Angola Boasts Low Electricity Prices Despite Access Challenges

Angola ranks among the countries with the lowest electricity prices globally, following Ethiopia, Sudan, and Libya in Africa, according to global statistics. As of December 2023, Angolan households paid an average of 11.83 kwanzas, equivalent to $0.013 per kWh. This contrasts sharply with the global average price of $0.157 per kWh (13.7 kwanzas). Despite significant investments in the energy sector and notable advances in some provinces, the country has yet to achieve desired outcomes due

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International Energy News

Scatec Divests South African Renewable Assets to Focus on Egypt

Norwegian renewable energy developer Scatec is reducing its presence in sub-Saharan Africa by selling stakes in three South African renewable energy projects. This move comes after the company recently sold a plant in Rwanda and divested from operations in Mozambique. In the last week of July 2024, Scatec divested its indirect interests in hydropower plants located in Uganda, Malawi, and at the border of Rwanda, the Democratic Republic of Congo (DRC), and Burundi. This follows

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International Energy

Mozambican Parliament Approves New Electricity Law to Facilitate International Investment

On Thursday, August 1, the Assembly of the Republic, Mozambique’s parliament, unanimously approved the definitive revision of the Electricity Law. This legislation establishes the general organization and legal framework for electricity supply activities in the country. Minister of Mineral Resources and Energy, Carlos Zacarias, presented the justification for the proposed revision, explaining that it is based on Article 51, Section 4 of the law. This section deals with exceptional situations allowing the adoption of different

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Local Economy Energy News

Namibe Province Aims to Enhance Energy Sustainability and Competitiveness

Namibe province plans to invest in diverse energy sources to ensure greater sustainability in production and compete with imported goods, announced Abel Capitango, the vice-governor for the Political, Social, and Economic sector, on Friday in Luanda. Speaking to Jornal de Angola at the Luanda International Fair, Capitango acknowledged the challenges faced despite the presence of the Caraculo Solar Photovoltaic Plant, which has a capacity of nearly 25 megawatts. The primary challenge is to install an

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Energy

Mozambique Approves Eni-Led Petroleum Exploration in Angoche A6-C Offshore Area

The Mozambican Government has approved the concession contract for petroleum exploration and production in the Angoche A6-C Offshore Area. This agreement involves Eni Mozambico as the operator and Empresa Nacional de Hidrocarbonetos (ENH) as the partner. The Council of Ministers made this decision during an ordinary meeting, granting the concessionaire exclusive rights to conduct petroleum operations within the specified concession area. This includes producing oil from underground resources and building infrastructure for petroleum production and

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International Energy News

Egypt Greenlights AMEA Power’s 2 GW Renewable Energy Expansion Plan

The Egyptian Council of Ministers has approved a significant renewable energy project led by Dubai-based AMEA Power, which aims to connect 2 GW of green energy to Egypt’s grid by summer 2025. This plan includes expanding the Abydos solar project by 500 MW, boosting its total capacity to 1 GW. In addition to the solar expansion, AMEA Power is developing the 500 MW Amunet wind farm in Ras Ghareb, scheduled to commence operations in the

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International Energy News

Elsewedy Electric Boosts Tanzania’s Power Output with New Hydroelectric Generators

Egypt’s Elsewedy Electric, in collaboration with The Arab Contractors, has successfully added three additional hydro turbine generators to Tanzania’s national power grid. This expansion boosts the Julius Nyerere Hydroelectric Power Project’s (JNHPP) total power output to 705 megawatts. The milestone was announced by Tanzanian Deputy Prime Minister and Minister of Energy Doto Biteko on July 16 during a site visit to JNHPP. This advancement represents a significant stride toward meeting the country’s electricity needs and

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