Day: December 27, 2022

Independents Energy Companies are Raring to Go in Africa in 2023 with Sustainable Energy Development (By NJ Ayuk)

Mr Mohammed

  OPINION PIECE They’re bringing private capital, experience, and know-how to the continent JOHANNESBURG, South Africa, December 26, 2022/ — By NJ Ayuk, Executive Chairman, African Energy Chamber In late 2019, Africa Oil Corp. President and CEO Keith Hill told Petroleum Economist that, given Africa’s unproven oil and gas basins, the continent was probably “the greatest frontier,” with outstanding opportunities for exploration, production, and development companies, including independents. Three years later, Hill remains bullish about Africa, and Canada-headquartered Africa Oil Corp. is driving oil and gas exploration here. The company is…

Hydroelectric power plant in Hatta,UAE, is 58% complete: DEWA

Mr Mohammed

The power plant will have a production capacity of 250 MW, a storage capacity of 1,500 Mwh, and a life span of up to 80 years once completed Dubai Electricity and Water Authority (DEWA) has announced that the pumped-storage hydroelectric power plant site, which it is building in Hatta, is 58 per cent complete. The power plant will have a production capacity of 250 MW, a storage capacity of 1,500 Mwh, and a life span of up to 80 years once completed. It is the first station of its kind…

Africa’s free trade area offers promise for cities – but only if there’s investment

Mr Mohammed

Published: July 25, 2022 3.57pm SAST The African Continental Free Trade Area came into operation on 1 January 2021. This is a considerable achievement. The free trade area is now the world’s single largest market for goods and services, when measured by number of countries, after the World Trade Organisation. It is also the largest in terms of geographic area and population size. If implemented as foreseen by the agreement, the free trade area will unlock significant growth for the African continent. The World Bank has estimated that by 2035, trade between African countries…