South Africa is currently the only country on the continent generating nuclear electricity. The first and second units of the Koeberg Nuclear Power Station with a combined electrical capacity of 1,854 MW were launched in 1984 and 1985, respectively. Many African countries have expressed interest in developing nuclear power generation, but these plans are at...
Category: Energy
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Policy Inconsistencies, Underinvestment Undermining Ghana’s Oil Revenue Growth – Prof Lord Mensah
Financial Economist and Head of Local Government Services, Professor Lord Mensah, has attributed the steady decline in Ghana’s oil revenue to years of inconsistent fiscal and investment policies in the petroleum sector, cautioning that the country is now “paying for its past policy indecisions.” Speaking on the NorvanReports, Economic Governance Platform and Ghana Anti-Corruption Coalition...
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Energy Minister Commends ECG Management, Warns Against Malfeasance
The Minister for Energy and Green Transition, John Jinapor, has commended the management and staff of the Electricity Company of Ghana (ECG) for their efforts in driving reforms and improving efficiency across the power distribution chain.The commendation came during an official working visit to the ECG as part of the Minister’s supervisory role over agencies...
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Giant Russian gas plant suspends intake from Kazakhstan after Ukrainian drone strike
The Orenburg gas processing plant, the largest facility of its kind in the world, has been forced to suspend its intake of gas from Kazakhstan after a Ukrainian drone attack, Kazakhstan’s energy ministry said on Sunday.Orenburg regional governor Yevgeny Solntsev had said earlier on Sunday that the plant had been partially damaged and that the...
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Climate risks expose West African insurers to $50bn yearly losses
A 2019 publication by the World Economic Forum listed Lagos State as one of the 11 low-lying cities that may disappear by 2100 without creative solutions to combat rising tides. The publication, which listed Lagos, Nigeria, at number two, said the city’s eroding coastline is being caused by rising seas driven by global warming. Other...
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Ghana Saves $300 Million from Renegotiated IPP Deals – Energy Minister
Government’s ongoing renegotiations with Independent Power Producers (IPPs) have resulted in savings of approximately $300 million, according to the Minister for Energy and Green Transition, John Abdulai Jinapor The Minister made this revelation during a working visit to the Volta River Authority (VRA) in Accra on Friday, October 17, as part of his sector-wide engagement...
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Energy Minister Reaffirms TOR’s Strategic Role in Ghana’s Energy Security and Industrial Growth
The Minister for Energy and Green Transition, John Jinapor, has reaffirmed the strategic importance of the Tema Oil Refinery (TOR) to Ghana’s energy security and industrial development during a working visit to the refinery and the Ghana Grid Company (GRIDCo). The visit forms part of the Minister’s ongoing mandate to assess and support the performance...
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Energy Minister Applauds BOSTEnergies for Renewed Dynamism and Strategic Focus
The Minister of Energy and Green Transition, John Abdulai Jinapor, has commended the leadership of BOSTEnergies (formerly the Bulk Oil Storage and Transportation Company Limited – BOST) for its renewed sense of purpose, operational efficiency, and forward-looking strategic direction. Speaking during a working visit to the company’s headquarters, the minister said he was impressed by...
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Ethiopia Approves Nuclear Energy Commission
Ethiopia’s Council of Ministers approved a regulation on Tuesday establishing the Ethiopian Nuclear Energy Commission, advancing plans to add nuclear power to its energy mix. The new body will oversee efforts to develop and regulate the use of nuclear technology for peaceful purposes, including electricity generation, industrial applications, healthcare, and agriculture, the Prime Minister’s Office...
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PHDC Signs MoU with Chemexa Petrochemical Trading and Afdat Group of Companies for the Construction of Storage Tanks
Ghana has received yet another significant boost in its vision of establishing a state-of-the-art petroleum and petrochemical hub following the signing of a Memorandum of Understanding (MoU) between the Petroleum Hub Development Corporation (PHDC) and leading Egyptian firm, Chemexa Petrochemical Trading, along with its local partner, Afdat Group of Companies. Signed on Tuesday, October 14,...