• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    Nigeria Launches National Domestic Payments Card Program
    In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    Africa Oil and Power Ministers State Companies to lead National Energy Investment Drive

    Posted On 22 Aug 2019
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Suagibu –

    Africa Oil & Power
    Photo Credit: Linkedin

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- African Oil and Power (AOP) 2019 conference is hosted in partnership with the Department of Mineral Resources and Energy, the South African Chamber of Commerce and Industry and the South African Oil and Gas Alliance and will guest speakers from state – owned enterprises CEF Group, SANEDI, petro SA, NERSA, IGas and PASA.

    The AOP 2019 Conference and Exhibition will stage at the CTICC 1 in Cape Town – South Africa from 9- 11 October.

    Minister of Mineral Resources and Energy of South Africa and Deputy Minister – Bravelile Hongwa will join energy industry leaders from Senegal, Angola, Lesotho and South Sudan on stage.

    The focal point of the annual conference will be South Africa’s rush as an investment destination across the energy value chain. Trending a landmark distance discovery in February this year, multiple gas agreements and a record setting number of IPP projects online – Africa’s biggest energy consumer is a flashpoint for major project finance activity this year. AOP 2019, gears to promote opportunities for investment and encourage intra-Africa cooperation across the oil, gas and power sectors; through the theme # Make Energy Work.

    The Topics to be discussed are bordering on the future of gas in Africa’s energy mix, exploration and production, the role renewable energy in closing the power gap and project financing with a special focus on the developments in South Africa’s energy sector. AOP 2019 will calculate light on the countries exploration and production prospects, the evaluation of the power sector – specifically in the Kwa Zulu Natal and Northern Cape Provinces – and impact the country’s energy strategies expressed in the draft Integrated Resource Plan (IRP).

    The draft TRP suggests implementing 46% coal-generated power 16% gas, 15% wind, 10% solar PV, 6% hydro, 4% pumped storage, 2.5% nuclear and 1% concentrated solar power and plans to supply an estimated 20,000 MW of the additional 29,000 MW electricity, the country needs by 2030.

    Albeit the IRP remains to be finalized, the country is already seeing moves by public and private sector actors towards some of the plans expressed in the draft IRP.

    On its shift towards clean power, the Renewable Energy Independent power Producer Procurement Program (REIPPP) will continue to be instrumental in the country diversifying its energy mix, having already brought on line 1021PP projects from the four bid windows and more than $17.5 billion in investments. A prime example of an initiative making energy work, the REIPPPP has created over 38,000 jobs and contributed generously to the national grid through project including the country’s largest concentrated solar IPP project, the 100MW Kathu Solar Park in the Northern Cape, the 135.8MW Cookhouse Wind Farm in the Eastern Cape and the 135.5MW Gounda Wind Farm in the Western Cape.

    Determined to find an energy solution that will meet the country’s needs, Minister Mantashe told members of Parliament in July to this year that; the IRP would be finalized by September and explained that “It is a summary of what we must do and gives us a framework to our approach to energy. We can’t lobby for any technology over the other. Our preoccupation is energy supply and security”.

    In 2018, the AOP conference featured the participation of Kare’n Breytembach, South Africa’s former Head of Department of Energy’s Independent Power Producer Office and Hon. Jeff Radebe, South Africa’s Former Minister of Energy.

    www.newafricabusinessnews.com
    To Support Africa’s Most Read and Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com to all the people you know. Many Thanks!   INFO@NEWAFRICABUSINESSNEWS.COM

    For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

     

     

     

    NEW AFRICA BUSINESS NEWS
    COMING SOON ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER. THANK TO COMPANIES THAT WANT TO ADVERTISE.   INFO@NEWAFRICABUSINESSNEWS.COM.

     

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Tanzanian President, is Chair of SADC, Calls for Vigorous Progress Drive

    Next Story

    Rwanda, Central Bank Intended to put in Operation, Digital Currency

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    Posted On 06 Feb 2023

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Posted On 03 Feb 2023

    Nigeria Launches National Domestic Payments Card Program

    Posted On 02 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Facebook

    Latest Posts

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Nigeria Launches National Domestic Payments Card Program

    Recent Posts

    • A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    • $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    • Nigeria Launches National Domestic Payments Card Program
    • In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    • $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.