Energy Industry

Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

Recently, Fatih Birol, Executive Director at the International Energy Agency (IEA), outlined in an article for Financial Times that the world was on the brink of “a historic turning point,” with the demand for fossil fuels set to peak before 2030, although, the decline in oil, gas and coal would not be “steep enough” to meet the requirements of the Paris Agreement and limit global warming to 1.5 C. “Despite recurring talk of peak oil and peak coal over the years, both…

Senegal: European JV aims to revolutionize country’s power infrastructure

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

The award is for the Senegal Power Compact program, financed by the U.S.-based Millennium Challenge Corporation (MCC) and the Senegalese Government to contribute to the global fight against poverty. UK’s Enshore Subsea and Belgian hydraulic engineering company Herbosch-Kiere will manage the engineering, procurement, construction, and installation (EPCI) contract, encompassing both land and submarine works of two ~17.5-kilometer 220 kV links stretching from Bel Air in Dakar to Cap des Biches. The companies will establish an integrated joint venture in…

Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

The CEO of the Saudi oil and gas giant, Saudi Aramco, has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phaseout of fossil fuels. Amin H. Nasser, Aramco President & CEO, who observes the path to net-zero through the lens of climate goals and ways to achieve them, believes that everyone…

First ever IEA Critical Minerals and Clean Energy Summit to take place on 28 September

Posted on September 19, 2023September 19, 2023 by Mozambique Resources Post

The International Energy Agency will host the first ever international summit on critical minerals and their role in clean energy transitions on 28 September 2023 in Paris. The IEA Critical Minerals and Clean Energy Summit will take place at IEA headquarters in Paris and will focus on measures to promote the secure, sustainable and responsible supply of raw materials that have a central role the global clean energy transition. Please note the new information for media and press access further down…

Ethiopia completes filling of the Grand Renaissance Dam

Posted on September 18, 2023September 18, 2023 by Mozambique Resources Post

Ethiopian authorities announced this week that its controversial Grand Ethiopian Renaissance Dam (GERD) has seen the fourth round of water filling now complete. GERD is the largest hydropower dam in Africa and will help Ethiopia reach its goal of becoming carbon neutral by 2025. This national project highly supported by Ethiopians at home and around the world, will have an installed production capacity of 5,150 MW when at full capacity, able to produce an average…

International Cooperation required to get in track for 1.5C Climate Goal – IEA

Posted on September 18, 2023September 18, 2023 by Mozambique Resources Post

Countries must supercharge international collaboration on technologies and markets for sectors such as power, transport, industry, buildings and agriculture, new report finds Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are faster, easier and cheaper for all, according to the latest Breakthrough Agenda Report. The new report – an annual collaboration between…

Namibia: France’s HDF Energy makes its mark in the shadow of Germany’s Enertrag

Posted on September 14, 2023September 14, 2023 by Mozambique Resources Post

Working in the shadow of prominent German players developing green hydrogen in Namibia, France’s HDF Energy is also investing in the sector with a no-export strategy that should enable it to come on stream more quickly. French company Hydrogène de France Energy (HDF Energy) may yet beat Enertrag and Bosch to produce the first green hydrogen in Namibia, despite the German companies’ heavy investments in Africa (AI, 29/06/23). HDF Energy’s activities are going well despite being overshadowed by the German-South African $10bn…

TotalEnergies to Power European Refineries with Green Hydrogen

Posted on September 14, 2023September 14, 2023 by Mozambique Resources Post

TotalEnergies SE is launching a “massive” green hydrogen tender to reduce the carbon emissions of its six European refineries and two French biofuel plants as pressure mounts on the industry to fight climate change. The French energy giant plans to replace the entire 500,000 tons of gray hydrogen used annually in its refineries in France, Belgium, Germany and the Netherlands with green hydrogen by the end of the decade, the company said in a statement…

Aiming Energy Transition: Mozambique plans climate announcement worth billions at COP28

Posted on September 8, 2023September 12, 2023 by Mozambique Resources Post

Mozambique is seeking to become the latest country to secure an energy-transition pact with wealthy nations and is targeting an announcement at the COP28 climate summit later this year. The southern African country, one of the world’s poorest, plans to harness its abundant hydro, solar and wind potential to meet its own power needs and those of its neighbours, as well as using that electricity to process battery minerals such as graphite and lithium, said…

DR Congo: Exim Bank India Finances DRC Solar

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants. The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo. “With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the…

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