The African Energy Chamber (AEC) is honored to confirm the attendance of Nigeria’s Minister of State for Petroleum H.E. Chief Timipre Sylva at African Energy Week (AEW) 2021. H.E. Minister Sylva will lead a Nigerian delegation that includes executives from the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) to AEW 2021, taking place on November 9-12 in Cape Town, South Africa. The participation of sub-Saharan Africa’s largest oil-producing economy speaks to the caliber and magnitude of the event, and follows a series of VIP confirmations in the past week alone.
Since his appointment in August 2019, H.E. Minister Sylva has played a pivotal role in not only facilitating investments into the Nigerian oil and gas sector, but also positioning natural gas at the forefront of the country’s energy agenda. Most recently, the Federal Government launched its ‘Decade of Gas’ initiative, under the theme ‘Towards a gas-powered economy by 2030,’ in conjunction with its National Gas Expansion Program, aimed at bolstering gas development for domestic use and industrialization.
Nigeria’s ‘Decade of Gas’ initiative succeeds the 2020 ‘Year of Gas’ declaration, which launched a range of projects, including the $2.8 billion, 614Km Ajaokuta-Kaduna-Kano (AKK) pipeline connecting the eastern, western, and northern regions of the country, as well as the construction of $10 billion Nigeria LNG Train 7.
The Federal Government has also reaffirmed its stance on funding for gas and fossil fuel projects in Nigeria and has highlighted that funding for these crucial projects should be sustained during the global transition to net-zero emissions.
Under H.E. Minister Sylva’s leadership, Nigeria is poised to exploit the country’s enormous gas resource potential – which ranks among the 10 largest worldwide and is estimated to be in excess of 600 trillion cubic feet (tcf).
Meanwhile, Nigeria’s Petroleum Industry Bill (PIB) is set to be passed by in July. This important legislation seeks to ensure an increased level of transparency and accountability in the sector and overhaul the Nigerian oil industry, while offering new fiscal incentives to investors and while restructuring the way energy projects in Africa’s largest crude producer are operated and funded.
“Nigeria intends to advocate for an Africa-centric approach to the clean energy transition – one that is able to meet our developmental goals and eliminate energy poverty, while achieving substantial reductions in global carbon emissions,” said NJ Ayuk, Executive Chairman, the AEC. “The monetization of gas resources – of which Nigeria holds 600 trillion cubic feet – will be a critical instrument for diversifying our national economies, generating regional income, boosting electrification rates and curbing gas flaring practices. AEW 2021 is a key platform to exchange best practices on transitional strategies, as well as showcase the contributions that Nigeria has made – and has yet to make – to a more sustainable future.”
Moreover, the government expects additional marginal field production to begin next year, following its second marginal field bid round which was hosted by the DPR in 2020, whereby 591 companies applied to win 57 oil fields located onshore and offshore. The new activity is expected to generate revenue of $600 million.
“Minister Sylva has been a long-time champion of Nigerian energy development, and there can be no discussion of Africa’s energy future without the presence of its leading economic and energy powerhouse. From advancing the Petroleum Industry Bill to its final stages, to successfully launching Nigeria’s first marginal fields bid round in nearly two decades, Minister Sylva has been resolute in his efforts to revitalize the oil and gas industry and unwavering in his support of a pro-African energy narrative,” continued Ayuk.
With key topics including making energy poverty history before 2030 and the future of the African oil and gas industry – the four-day AEW 2021 event will define and promote the African energy agenda through a series of elite networking events, innovative exhibitions, and one-on-one deal-making.
Since its launch two weeks ago, AEW 2021 has gained confirmation of attendance from an impressive line-up of government officials, top executives and industry leaders across the African energy value chain, including two of the top oil producers on the continent – as it pioneers a reputation for promoting Africa as the destination for African-focused events and elevating African voices within the energy transition.
RES4Africa, Enel Green Power and the European Investment Bank Encourage African Youth to Find Green Energy Solutions to Community Challenges
The second Micro-Grid Academy Young Talent of the Year Award today acknowledged energy innovation from across Africa that can accelerate the green transition and improve economic opportunities.
Backed by the RES4Africa Foundation, Enel Green Power and the European Investment Bank the yearly competition encourages young energy entrepreneurs from across the continent to develop projects that expand enegy access, enable greater use of renewable eneryg and accelerate sustainability.
Young finalists from across West, East and Southern Africa presented their innovative ideas to expert judges from the RES4Africa Foundation, Enel Green Power and the European Investment Bank.
The 2021 edition of the Micro-Grid Academy Young Talent of the Year Award has arrived to its final steps. Today, the eight young African innovators selected as finalists out of nearly 50 applicants presented to the international public their disruptive projects for the first time. The presentation took place during the event Public Competition for the MGA Young Talent of the Year 2021 finalists, and represents a preparatory step for the announcement of the three winners, that will be held the 28th of September in the framework of the Precop26.
The three entities strongly believe that renewables and innovation will be the response to the climate changes and energy deficit that Africa faces. In this deeply needed path towards its just energy transition, the continent can and must rely on one of its most precious resources : its youth. With this joint initiative, RES4Africa, Enel Green Power and the European Investment Bank put together their efforts to support those young people from all Africa countries who are committed and motivate to create a real change in their communities.
These are the finalists identified by the selection committee, who publicly presented their project ideas and among which there are the three future winners:
• Adekoyejo Ifeoluwapo Kuye, 26 years old from Nigeria, introduced a project focused on a sustainable cold chain for food;
• Alex Makalliwa, 31 from Kenya, presented his initiative of electrical tricycles for heavy loads in Nairobi;
• Benson Kibiti, 34 also from Kenya, performed an overview on an PV-powered trolley for heating up food and providing power;
• Lucas Filipe Tamele Junior, 24 from Mozambique, focused on waste management, biofertilizers and biogas;
• Matjaka Ketsi from Lesotho is 28, and presented an initiative aiming at building solar-powered Learning Centres for rural communities;
• Shedrack Charles Mkwepu is instead 26 and comes from Tanzania: he designed a system that allows farmers to control irrigation and other soil parametres from a mobile phone;
• Carol Ofafa, 32 from Kenya, proposed the installation of a PV system for health facilities;
• Kumbuso Joshua Nyoni, 34 from Zambia, envision an integrated Water-Food-Energy model for PV power and a water pumping system.
The webinar benefitted from the presence of Salvatore Bernabei, President of RES4Africa and Head of Enel Global Power Generation, as well as of Maria Shaw Barragan, Director of Lending in Africa, Caribbean, Pacific, Asia and Latin America, European Investment Bank. They introduced the objectives of the MGA Young Talent of the Year Award, while reflecting upon youth’s impact on the just energy transition.
Moreover, after the finalists’ presentation, a final feedback was provided, with closing remarks, by Roberto Vigotti, Secretary General at RES4Africa Foundation, Carmelo Cocuzza, Head of Corporates Unit, European Investment Bank, and Silvia Piana, Head of Regulatory Affairs Africa, Asia and Australia Area at Enel Green Power.
“The ability to generate innovation will be a fundamental driver to pave the way for a transformation that goes well beyond the dynamic of the Energy sector” commented Salvatore Bernabei “We are here give voice and visibility to young talents, innovators, entrepreneurs promoting the best innovative ideas to stimulate socio-economic progress from within and free the creativity of the younger generations in designing the Africa of tomorrow”.
“Increasing energy access and enabling more sustainable energy use is crucial to unlock opportunities for communities across Africa. The finalists in this year’s Micro-Grid Academy Young Talent Awards all demonstrate inspirational and innovative thinking that combined world-class energy expertise with unparalleled understanding of local energy needs and all deserve to win. The European Investment Bank is pleased to join RES4Africa and Enel Green Power to support talented young innovators and encourage them to become green energy leaders of the future.” said Maria Shaw-Barragan, European Investment Bank Director for Global Partners.
RES4Africa Foundation (Renewable Energy Solutions for Africa) envisions the sustainable transformation of Africa’s electricity systems to ensure reliable and affordable electricity access for all, enabling the continent to achieve its full, resilient, inclusive and sustainable development. The Foundation’s mission is to create favourable conditions for scaling up investments in clean energy technologies to accelerate the continent’s just energy transition and transformation.
Nigeria Records N53.3B Loss To Gas Flaring In Two Months
International Oil Companies (IOC) and their local counterparts flared a total of 33.04 billion standard cubic feet of natural gas resulting in a major estimated loss of N53.26 billion to the country in the first two months of this year.
In its latest monthly report, the Nigerian National Petroleum Corporation (NNPC) said the oil firms flared a total of 17.53 billion scf of gas in January, compared to 15.51 billion scf in February, according to data obtained from the Nigerian National Petroleum Corporation.
With the price of natural gas put at $3.93 per 1,000scf as of Wednesday, the 33.04 billion scf flared translates to an estimated loss of $129.85 million or N53.26 billion (using the official exchange rate of N410.13/dollar).
The NNPC report, said out of the 206.05 billion scf produced in February, a total of 133.06 billion scf was commercialised, consisting of 40.15 billion scf and 92.91 billion scf for the domestic and export market respectively.
It said this implied that 64.48 percent of the average daily gas produced was commercialised while the balance of 35.52 percent was re-injected, used as upstream fuel gas or flared.
The gas flare rate was 7.67 percent in February (i.e. 565.52 million standard cubic feet per day), compared to 7.73 percent in January (i.e. 554.01 million scfd).
In January, a total of 223.55 billion scf of natural gas was produced, translating to an average daily production of 7,220.22 million scfd.
Out of the total gas output in January, a total of 149.24 billion scf was commercialised, consisting of 44.29 billion scf and 104.95 billion scf for the domestic and export markets respectively.
This indicates that 67.15 percent of the daily gas output was commercialised while the balance of 32.85 percent was re-injected, used as upstream fuel, or flared, the NNPC said.
According to the revised payment regime for gas flaring, oil firms producing 10,000 barrels of oil or more per day will pay $2 per 1,000 standard cubic feet of gas, compared to N10 per 1,000 scf in the past.
Firms producing less than 10,000 barrels of oil per day will pay a gas flare penalty of $0.5 per 1,000 scf.
The penalties paid by oil and gas companies for flaring gas in the country will be invested to build midstream gas infrastructure in host communities, according to a new provision introduced into the Petroleum Industry Bill (PIB) by the National Assembly.
“Money received from gas flaring penalties by the commission (Nigerian Upstream Regulatory Commission) pursuant to this subsection, shall be transferred to the Midstream Gas Infrastructure Fund for investment in midstream gas infrastructure within the host communities of the settlor on which the penalties are levied,” the Senate and House of Representatives said in subsection (4) of section 104 of the bill.
Scaling-up Off-grid Solar Across Africa – EIB and International Solar Alliance Study Identifies Solutions to Unlock Energy Access for 120 Million Households
The European Investment Bank and the International Solar Alliance today published a new study outlining solutions to overcome key affordability and investment challenges holding back off-grid solar investment across Africa.
“Increased use of off-grid solar technology across Africa is essential to harness clean and affordable energy and transform the lives of millions of people. The new European Investment Bank and International Solar Alliance study published today combines experience and expertise from successful off-grid deployment to outline how investment can be unlocked to increase access to solar power. The ground-breaking analysis demonstrates how closer cooperation between African, European and global partners can unlock investment and technical barriers that hold back sustainable development and the green transition.” said Ambroise Fayolle, European Investment Bank Vice President.
“The joint International Solar Alliance – European Investment Bank study outlines a pathway to unlock access to off-grid solar in Africa. This builds on proven success, expert insight and commercial experience to identify and overcome investment gaps and financial barriers holding back off-grid solar. The study details what can be done to increase access to clean energy to off-grid rural areas including refugee camps, urban areas and remote villages across Africa.” said Dr Ajay Mathur, Director General of the International Solar Alliance.
Unblocking off-grid energy investment to enable a better future for millions
At present more than 120 million households across Africa lack access to reliable and affordable energy, with 60 million households expected to remain without electricity by 2030 unless urgent action is taken.
The new in-depth overview of recent private sector led deployment of small-scale solar energy systems across sub-Saharan Africa identifies five key challenges that can be addressed to unlock high-impact local energy investment essential for sustainable development and economic growth on the continent.
The study, based on detailed consultations in Uganda, Rwanda and Nigeria and analysis of off-grid markets across the region, provides recommendations for effective intervention to scale up off-grid solar deployment depending on specific local issues.
Sharing best-practice that allows investment and technical barriers holding back off-grid solar is key crucial to scale up off-grid solar, allow vulnerable and remote communities to access clean energy and deliver the sustainable development goal of universal access to reliable and affordable energy.
New study provide technical and business solutions to scale up off-grid solar across Africa
Commissioned by the European Investment Bank, in partnership with the International Solar Alliance, and compiled by development advisors Dalberg, the new study gathers local technical and financial experience and insight from successful deployment of off-grid solar investment in Africa.
This includes examining how off-grid solar investment has benefits refugee communities in Uganda and enabled cost-effective energy access in Nigerian cities.
Sharing best-practice with development finance partners
Investment challenges including affordability, working capital and exchange rate risks and political and economic stability holding back private sector investment in off-grid solar can be reduced through combining commercial financing and support form development finance partners.
The key recommendations of the study outline different models of intervention to overcome financing, technical and customer challenges to scale up off-grid solar deployment were highlighted ahead of final publication in specialist workshops attended by representatives of AfD, KfW, FMO and the European Commission.
Breaking down barriers to scaling up off-grid solar
The report published today examines off-grid solar investment across Africa and assesses how investment barriers including affordability, equipment supply, access to working capital, regulatory challenges, insurance and technical expertise influence and hinder deployment.
The analysis uses solutions developed in local case studies to suggest how examples such as aggregated purchase of solar home systems can reduce costs and rapidly enable low-income, urban and rural communities and refugees to access reliable energy through sustainable private sector led off-grid solar projects.
The study, based on the analysis by specialised development consulting firm Dalberg, was compiled following in-depth research on government policy, on discussions with energy, business and development finance stakeholders across Africa and stakeholder workshops in Nigeria, Uganda and Rwanda.
The European Investment Bank is supporting 8 off-grid solar projects across Sub-Saharan Africa.
Last year the EIB provided EUR 5 million for private and public investment across Africa and is supporting off-grid solar across Africa including projects in, Chad, Comores, Gambia, Kenya, Mozambique and Uganda.
Link to Commercial and Economic Feasibility Study for Enhancing Off-Grid Solar Inclusion in Sub-Saharan Africa report https://www.eib.org/attachments/press/eib-ogs-finance-report-14062021.pdf
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