Accra, Ghana//-Imani Africa and Africa Centre for Energy Policy (ACEP) have called on President Nana Addo Dankwa Akufo-Addo to immediately commission an enquiry into the Aker-AGM transaction to inject a culture of accountability into the management of Ghana’s petroleum industry.
Category: Energy
South Africa Needs More Wind Power Now to Tackle its Energy Crisis
Johannesburg, South Africa//-“…Persistent load shedding is impeding our recovery… We know that without a reliable supply of electricity, businesses cannot grow, assembly lines cannot run, crops cannot be irrigated, and basic services are interrupted”, said H.E. President Cyril Ramaphosa in his State of the Nation Address recently.
Oil Prices Fall On Rumors Of An OPEC Split
China’s economic rebound has been the main bullish factor for oil prices this week, after the country’s PMI index surged to 52.6 in February, the highest reading since April 2012 and a sign of industrial activity coming back to life.
European Investment Bank and Kenya Strengthen Green Hydrogen Cooperation
The European Investment Bank. the world’s largest multilateral bank and leading global financier of renewable energy, will strengthen support for green hydrogen investment in Kenya.
Woodward Develop New Injection Systems to Support Industry’s Transition to New Fuels
Stuttgart, Germany//- Leading engine injection system manufacturer Woodward, has announced it is developing a comprehensive new range of injection systems applicable for new and future fuel powered engines including methanol and ammonia.
Presidential Roundtable Calls for the Acceleration of Financing for Energy Access in Africa
Addis Ababa, Ethiopia// – A presidential roundtable on the side-lines of the 36th Ordinary Session of the Assembly of the African Union (AU) has called for the acceleration of financing for energy access in Africa with clear targets and steps for ensuring the achievement of universal energy access by 2030.
South Africa’s Bailout of Eskom Won’t End Power Cuts
AFP via Getty Images Roy Havemann, Stellenbosch University The announcement by the South African finance minister, Enoch Godongwana, of debt relief for the country’s troubled power utility, Eskom, is a step forward. It will fix one problem: Eskom has too much debt. But the plan won’t end power cuts which have worsened in recent years.
Ukraine Energy Crisis Could Push About 141 Million People Globally Into Extreme Poverty
Soaring energy prices triggered by the Russia-Ukraine conflict could push up to 141 million more people around the globe into extreme poverty, a new study revealed.
Ghana Grid Company to Earn Revenue from Export of Energy for the First Time Since 1983
Accra, Ghana// — The Ghana Grid Company (GRIDCo) has announced that it is set to earn revenue for the first time since 1983, thanks to the export of power to neighbouring countries such as Togo, Benin, Cote d’Ivoire and Burkina Faso.
Tullow Refers $387m Tax Dispute with Ghana to International Arbitration
Tullow Oil Plc has announced that Tullow Ghana Limited (TGL) has filed requests for arbitration with the International Chamber of Commerce in London in respect of two disputed tax assessments received from the Ghana Revenue Authority (GRA).