In 2024, nuclear reactors supplied more electricity than ever before. World Nuclear Performance Report 2025 charts this record milestone and demonstrates nuclear’s endurance as part of a clean and resilient global energy mix.The global reactor fleet ran at an average capacity factor* of 83% in 2024, higher than any other source of electricity. This measure...
Category: News
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Rolls-Royce denies report of IPO plans for small nuclear reactor unit
Aug 30 (Reuters) – Rolls-Royce Holdings (RR.L), opens new tab on Saturday denied a report it was exploring an initial public offering for its small nuclear reactor unit.The Financial Times, citing people familiar with the situation, reported on Saturday the company was considering an IPO as well as other funding options. It said talks with...
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Imported coal for Matarbari plant had stones – some weighing 30kg, probe finds Energy
These oversized stones were detected after unloading one-third of the coal from 11th consignment. The shipment carried 63,300 tonnes onboard MV Orient Orchid, which docked at the Matarbari jetty on 17 March this year A consignment of Indonesian coal imported to feed the 1200 MW Matarbari Ultra Super Critical power plant in March contained boulders...
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De-risking energy projects critical to attracting investments – Deloitte Africa Infrastructure Partner
The Strategy and Transactions Partner at Deloitte Ghana and the Africa Infrastructure and Capital Projects Leader at Deloitte Africa, Yaw Appiah Lartey, has indicated that de-risking energy projects is critical to attracting investment and securing commitments from financial institutions.According to him, the path to bankability lies in blending innovation with risk mitigation, strong partnerships, and...
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DVLA Board Chairman Sets 60% Revenue Growth Target, Cautions Against Corruption at 2025 Mid-Year Review.
The Board Chairman of the Driver and Vehicle Licensing Authority (DVLA), Mr. George Spencer Quaye, has challenged the Authority to achieve a 60% increase in revenue by the next Mid-Year Review in 2026. Speaking at the close of the DVLA 2025 Mid-Year Review Conference held at the Tusand Hotel in Ejisu in the Ashanti Region,...
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Bui Power Authority Announces Double Profit, Strengthens Renewable Energy Drive at 2025 AGM
Here’s a polished rewrite for an online publication style: **Bui Power Authority Announces Double Profit, Strengthens Renewable Energy Drive at 2025 AGM The Bui Power Authority (BPA) has announced a net profit of $64.5 million for the 2024 financial year, nearly twice its projected target of \$33.6 million. The disclosure was made during the Authority’s...
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BOST Doubles Profitability in 2024 as Balance Sheet Strengthens
The Bulk Oil Storage and Transportation Company (BOST) closed 2024 with one of its strongest performances to date, nearly doubling profit after tax on the back of tighter cost controls, improved asset utilization, and a significantly stronger capital base. Profitability Metrics Profit after tax rose to GHS 398 million in 2024, up from GHS 208...
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Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia
Ethiopia has entered into a partnership with Nigeria’s Dangote Group to establish a $2.5 billion fertiliser plant, Prime Minister Abiy Ahmed announced Thursday on X. The facility, to be built in Gode, southeastern Ethiopia, will have an annual production capacity of 3 million metric tons.The project is part of billionaire Aliko Dangote’s broader push to...
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GNPC Set to Begin Drilling in the Voltain Basin by Early 2026
The Ghana National Petroleum Corporation (GNPC) is expected to commence exploratory drilling in the Voltain Basin by the first quarter of 2026, marking a major step in Ghana’s bid to expand its petroleum resource base. Speaking during an interview in Accra, the Acting Chief Executive Officer of the Petroleum Commission, Victoria Emeafa Hardcastle, disclosed that...
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Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices
The prices of petroleum products at the pumps are set to increase from Monday, September 1, 2025, by margins of between 3% and 5% per litre, according to the Chamber of Oil Marketing Companies’ (COMAC) pricing outlook report. The report indicates that petrol will rise between 3.86% and 5.40% per litre, pushing the average pump...