Benito Cabrera Rivadeneira’s Post

🌍 Breaking Down AU and AfCFTA's Local Content Challenges for Enhanced Energy Security in Africa 🌍 At the recent 8th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), Riverson Oppong, PhD., the new chief executive of the Association of Oil Marketing Companies and LPG Marketing Companies, provided profound insights into the effectiveness of local content policies across Africa’s energy sector. 🔍 Key Highlights: 1. Local vs. National Content: Oppong critiqued the isolationist approach of current local content strategies, illustrating how they often hinder regional integration and economic efficiency. 2. Resource Utilization: He praised Ghana's model where all produced gas fuels domestic electricity and industrial growth, contrasting it with the common practice of exporting raw resources only to import costly refined products. 3. Implementation Gaps: The alignment issues between the AU and AfCFTA's ambitious goals and their practical execution underscore the need for a reevaluation of strategies to ensure mutual benefits across the continent. 4. Economic and Sustainable Development: The current economic setup, where countries export crude at lower prices and import refined products at higher costs, was highlighted as a major hurdle to sustainable development. 5. Unified Strategy for Energy Security: Oppong advocated for a unified approach, emphasizing infrastructure expansions like the Trans-Saharan gas pipeline to secure energy across Africa. 💡 Conclusion: These insights prompt a crucial reassessment of the AU and AfCFTA's roles in leveraging local content for energy security. A shift towards a collaborative, continent-wide strategy could significantly boost Africa’s economic resilience and sustainable energy solutions. 👥Join the discussion: What strategies do you think can effectively align local content policies with actual energy security needs in Africa?🚀🌍👌🏽 #EnergySecurity #LocalContent #AfricanUnion #AfCFTA #SustainableDevelopment #EconomicIntegration #AfricaEnergy #GlobalEnergy #EnergyPolicy #EconomicGrowth #InvestInAfrica #EnergyTransition #SustainableEnergy #RenewableEnergy #investinmozambique #contactme #collaborations #partnerships #localpartnerships #InfrastructureDevelopment #BusinessLeadership #InternationalBusiness #TradeDevelopment #PolicyChange #IndustryLeaders #GlobalEconomics #EnergyMarket #follow #connect #likeandshare

The #InternationalPtX Hub, funded by PNUD Mauritanie, has conducted four pivotal trainings on renewable energy and renewable Power-to-X, in Mauritania. These sessions took place from 6 to 15 May and included around 60 decision-makers from the Ministry of Petroleum, Mines and Energy - Mauritania . The EITI (Extractive Industries Transparency Initiative) Mauritania hosted one of the trainings. #Mauritania is one of the most promising countries in Africa to produce low-cost green hydrogen and renewable PtX. Here is why: ➡Optimal conditions: Excellent hybrid sites with high wind and solar potential ➡Strategic location: Proximity to European markets enhances export potential ➡Established mining industry: Opportunities for green steel and iron ore production, supporting domestic #defossilisation and economic growth ➡Government initiative: Several giga-watt scale export projects announced for #greenhydrogen, ammonia, and direct reduced iron ➡Challenges: Infrastructure, water scarcity, and workforce skills           In terms of outcomes, the Secretary General of the Ministry of Petroleum, Mines and Energy - Mauritania , Mr. Ahmed Salem Ould Bouhedda, highlighted the sector’s strategic importance and its potential for economic and social transformation. Additionally, the participants emphasised the need for more renewable PtX trainings. Thomas Elmar Schuppe Prof. Dr. Thorsten Schneiders  

While investments by Canadian companies in Greece during the last fifteen years made headlines (Eldorado Gold’s in Northern Greece, Fairfax Financial Holdings’ in Eurobank and Mytilineos), it is now time for an inverse flow of investment capital; from Greece to Canada. MYTILINEOS S.A. recently reached a deal to close the purchase of the first of five Alberta solar power projects owned by Westbridge Renewable Energy Corp. Once finished, the combined projects will have 1.4 gigawatts of capacity, enough to power 200,000 homes. The Greek company said that when the five Alberta solar farms are fully operational in 2026 or 2027, they will collectively form the biggest renewable energy project of its kind in Canada. President and CEO of Mytilineos Energy & Metals Mr. Evangelos Mytilineos met with Prime Ministers of Greece and Canada this week in Toronto - in the context of Kyriakos Mitsotakis’ historic visit to Canada - as well as with Alberta provincial government officials and local organizations promoting and attracting foreign direct investment into Canada. In an interview with The Globe and Mail last year, Evangelos Mytilineos said, “This is our first investment in Canada. Business conditions in Canada in general are good, and we feel more comfortable there than in the United States. Canada feels more like Europe to us.” Taking into account the Greek PM’s recent remarks on Greece's renewable energy know-how that can be exported to Canada, it is safe to expect further investments by Mytilineos and other Greek companies in this industry and beyond. #renewableenergy #greececanada #investments 🇨🇦🇬🇷 👉 Sources: https://lnkd.in/dTZTMDmT https://lnkd.in/g6SYJVbe https://lnkd.in/gCi7s-TX

As the planet accelerates towards a future of renewable energy, inventive solutions are materializing to deal with the irregularity of renewable sources like wind power and solar energy. One prominent approach garnering attention involves reinventing deserted mining areas into pumped hydro energy storage amenities.  While Australia has been exploring repurposing abandoned mining sites for hydro energy storage, an analogous trend is taking shape in South Africa, posing prospects for both the workers and the economy of the mines. A study by the International Institute for Applied Systems Analytics (IIASA) show over 6,000 such mines across the South African landscape, there is potential to transform these areas into renewable energy storage amenities. The process comprises filling unused mines with sand and executing innovative energy storage technologies. This strategy repurposes and addresses the issue of long-term storage solutions in the country.  Converting these mines could have extensive implications for South Africa’s economy- it may spur economic development and job creation. By providing reliable energy storage sources, the projects in these two countries could subsidize the incorporation of renewable energy sources into the grid, helping stabilize the energy supply and decreasing fossil fuel dependency. While traditional mining operations may have stopped, repurposing these mines creates new opportunities for skills development and employment. Additionally, it could alleviate environmental risks linked with mining activities, like water pollution and land degradation, leading to positive conservation outcomes and improving people’s quality of life.  Overall, the initiative to convert abandoned mines into renewable energy solutions is a significant action towards a more sustainable future. #Africa #CriticalMinerals #CleanEnergy #GreenRevolution #Sustainability

In the future, a significant proportion of electricity and heat in a number of countries, such as the United States, Turkey, Indonesia, Germany, Italy and Japan, will be covered by environmentally friendly geothermal sources. Geothermal power plants financing and construction loans is the focus of interest of hundreds of companies developing capital-intensive projects to exploit the internal heat of the Earth in different parts of the world. ALTAS INVESTMENT FINANCE LIMITED ready to offer long-term construction loans, leasing instruments and advanced project finance (PF) schemes for the development of geothermal power plants and district heating systems. We finance energy facilities in Europe, the USA, Latin America, the Middle East, Northern Africa, South and East Asia. Read More: https://lnkd.in/dYGETSfz If you need financing for the construction or modernization of geothermal power plants / heating systems in the European Union, please contact our team. ALTAS INVESTMENT FINANCE LIMITED will definitely find the best solution for your investment project. WEBSITE: altas-ifl.com EMAIL: funding@altas-ifl.com #geothermalheatpumps #Geothermalpowerplants #financing #energyefficiency #energyfinancing #technology #powerplant #syndicatedloans #geothermalenergy #constructionloans #Bulgaria #energyefficiency #constructionloans #engineeringsolutions #geothermalenergy #GERMANY #Hungary #FRANCE #hydrothermalexploration #Iceland #Italy #Netherlands #Portugal #syndicatedloans #hydrothermal #exploration #Japan

New Fuad Shahbazov MA, MaRTE, MSc: "As #Azerbaijan and the #GCC, both major oil and gas exporters, are strengthening their partnership in the sphere of green energy, #Baku is actively seeking guidance and investment from the #Gulf states to tackle a common objective: transitioning from a reliance on oil and gas exports to fostering a green energy-driven economy." https://lnkd.in/e5KDaRti

🌍🔌 We redesigned the energy transition. Thereby, our clients do not need to make a choice between accessible and sustainable. We give them a head-start on their path towards net zero. Here are some of our key projects: 🇧🇷 Brazil - Launched our first LNG-to-Power project, generating 560 MW with 4 Powerships and 1 FSRU. - Improved energy security and efficiency through cleaner, reliable and sustainable energy generation. 🇬🇭 Ghana - Ended the "Dumsor" energy crisis with a 450 MW Powership, improving economic and social conditions. - Moved the world's largest Powership in one day to utilize Ghana's indigenous natural gas, reducing fuel costs and emissions. 🇳🇨 New Caledonia - Replaced the aging Doniambo power plant with a 200 MW Powership, reducing emissions by 16-32% and CO2 by 30%. - Achieved significant fuel savings and leveraged local expertise to enhance efficiency. 🇬🇲 The Gambia - Increased electricity access from 56% to 65%, providing 40% of the country's electricity needs. - Ensured consistent power supply, boosting businesses and daily life. Karpowership: powering the world with sustainable and efficient energy solutions! 🌍⚡  #Karpowership #Energy #Sustainability #LocalResources #EnvironmentalProtection #NewCaledonia #Ghana #TheGambia #Brazil

The Republic of Congo's Minister of Hydrocarbons, H.E. Bruno Jean Richard ITOUA, will be speaking at the African Energy Week (AEW) on November 4-8 in Cape Town. The AEW is the perfect platform for project operators, financiers, technology providers, and governments to explore investment prospects in the Republic of the Congo's hydrocarbon sector. With the country's natural resources and estimated 284 billion cubic meters of gas, the Republic of the Congo offers a prime opportunity for stakeholders aiming to capitalize on its potential. Join the conference to learn more about investment prospects and explore opportunities in Africa's energy sector. For more information, visit https://lnkd.in/dR4ziR6V #AfricanEnergyWeek #InvestInAfricanEnergy #HydrocarbonSector #RepublicOfCongo #GasInvestment #EnergySector

NJ Ayuk JD, MBA. Africa is witnessing a natural gas drive in #Angola that is set to revolutionize the continents natural gas industry. From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new initiatives. African Energy Chamber

https://lnkd.in/dKSEz4Xy The Southern Oil Pipeline project, spearheaded by the Beira Bulk Petroleum Company (BBPC), is a landmark initiative that will reshape energy distribution in Southern Africa. Known as the Harare-Lusaka Oil Pipeline, it aims to streamline fuel supply to Zimbabwe, Zambia, and the Katanga Province of the Democratic Republic of Congo (DRC). This ambitious project is expected to lower fuel costs and enhance regional energy security. Key milestones include the completion of feasibility studies by S&P Global in April 2022, affirming the project's economic and strategic potential. BBPC has acquired 400 hectares of land in Zambia for a state-of-the-art fuel terminal, positioning it as a distribution hub. Provisional wayleave approvals from the National Railways of Zimbabwe have paved the way for the pipeline route. Strategic collaborations with stakeholders, such as CPMZ, NOIC, and regional governments, are central to integrating the project into national energy frameworks. EPCM Holdings Pty Limited is under technical review as the lead contractor, with construction anticipated soon. This project aligns with President Nyusi's vision of optimizing regional fuel logistics, offering significant economic benefits by reducing transport costs and ensuring a reliable fuel supply. The upcoming memorandum of understanding (MoU) between Mozambique, Zimbabwe, Zambia, and the DRC emphasizes regional cooperation, underpinned by the SADC Charter of 2012. With groundbreaking planned for early 2025, BBPC is focused on finalizing technical studies and securing investment. The Southern Oil Pipeline stands as a pivotal development, set to transform Southern Africa's energy landscape by improving fuel accessibility and driving economic growth across the region.