First concrete has been poured for the nuclear islands of unit 1 of the Bailong nuclear power plant in China’s Guangxi Zhuang Autonomous Region and of unit 2 at the Lufeng plant in Guangdong province, marking the official start of construction of the two CAP1000 reactors. The construction of Phase I (units 1 and 2)...
Category: Power
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Public Ownership Won’t Cure Power Market Volatility
There are at least two places, San Francisco and the mid-Hudson Valley in New York, where political activistss are currently advocating for a public takeover of the local investor-owned utility. Pacific Gas and Electric is owned by utility holding company PG&E Corporation and the service territory of the former Central Hudson Gas & Electric Company...
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SSA: Fitch Solutions Projects Rise in Electricity Use in Buildings, Warns of Persistent Grid Constraints
Electricity’s share of energy use in Sub-Saharan Africa’s (SSA) buildings sector is projected to rise modestly from 17 per cent to 19.2 per cent by 2034, driven largely by rapid urbanisation and rising household incomes, according to Fitch Solutions.In its latest outlook, the UK-based research firm said major economies such as Nigeria, South Africa and...
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Deputy Energy Minister Inspects 141MW AKSA Power Plant at Anwomaso in the Ashanti region.
The Deputy Minister of Energy and Green Transition, Richard Gyan-Mensah, on behalf of the Sector Minister, Dr. John Abdulai Jinapor, has led a working visit to the 141-megawatt AKSA Power Plant at Anwomaso to inspect ongoing commissioning works. The visit forms part of the government’s broader efforts, under the leadership of President John Dramani Mahama,...
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ECG to be privatised – IMF reveals in Staff Report.
The Electricity Company of Ghana is expected to be taken over by a private sector player going forward, the International Monetary Fund (IMF) has revealed.In its Staff Report on Ghana, the Bretton Woods institution stated that “by the end of 2025, a transaction advisor is expected to be hired to oversee the selection process for...
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Japan preparing to restart the world’s largest nuclear power plant
A local government in Japan voted Monday to restart the world’s largest nuclear power plant, which has been closed since 2011 Fukushima nuclear disaster. The Kashiwazaki-Kariwa plant sits on the Sea of Japan in Niigata prefecture. The plant’s seven nuclear reactors help to power one of the world’s most populous cities, Tokyo, some 136 miles...
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IEA: Coal Outpaces Gas in OECD Power Mix as “Bridge Fuel” Falters
Electricity generation from solar sources saw a massive 23.5% jump year-on-year, contributing significantly to the 5.9% overall growth in renewables across OECD countries.Despite global phase-down pledges, coal-fired power generation demonstrated surprising resilience, increasing by 4.3% year-to-date across the OECD as a primary insurance policy against volatile energy supply.Climate-induced hydrological deficits caused a 4.0% slump in...
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Energy Minister Receives PSP Framework to Drive Electricity Distribution Reforms Without Privatisation
The Minister for Energy and Green Transition, Dr John Jinapor, has received the Guiding Framework for Private Sector Participation (PSP) from the PSP Committee, marking a significant milestone in Ghana’s ongoing electricity distribution reform. The Framework sets out a clear roadmap for engaging private sector expertise in the operations of the Electricity Company of Ghana...
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CEMSE Raises Alarm Over Recurring Tariff Increases and Power Sector Inefficiencies
The Centre for Environmental and Sustainable Energy (CEMSE) has expressed deep concern over Ghana’s persistent cycle of utility tariff hikes and entrenched inefficiencies within the power sector, warning that the latest increase approved by the Public Utilities Regulatory Commission (PURC) will further strain already vulnerable households and businesses. The PURC last week sanctioned a 9.86...
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New Utility Tariffs Will Burden Ghanaians – Nii Lante Vanderpuye Warns
National Coordinator for the District Road Improvement Programme (DRIP), Nii Lante Vanderpuye, has called on government and regulatory authorities to reconsider the recently announced increases in electricity and water tariffs, describing the adjustments as excessive and potentially burdensome for citizens. Speaking on Channel One TV’s Breakfast Daily on Thursday, December 4, Mr. Vanderpuye said the...