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POLICY CEO of AOP. fraudulent practice: The company falsified
“This endeavour requires close co- its credentials in order to appear to meet the
Local enterprises to lead at operation and co-ordination among local qualification criteria of the tender related to a
businesses, national governments, financial
bidder’s experience.
Mozambique Gas and Power institutions, international energy firms, documentation in response to an inquiry by
Further, the company provided falsified
international energy agencies and industrial
event in March 2021 players. It is imperative that this broad range the Office of Integrity and Anti-Corruption,
of players find a reliable and frequent forum
thus engaging in an additional obstructive
Africa Oil & Power announces the launch of for meeting, discussing, innovating and practice. Lastly, Jiangsu Rugao HV Electric
the Mozambique Gas & Power 2021 event, closing deals,” says Chester. Apparatus Co., Ltd., a Sieyuan subsidiary,
scheduled for March 2021. Workshops, training and certification submitted forged certifications in the context
Africa Oil & Power will work closely with programmes for local businesses and of Sieyuan’s bid in order to erroneously
local partners and the Mozambican private entrepreneurs will be a vital component of evidence that various components it
sector to tell the story of Mozambique’s rich the event and will be held on March 10. AOP manufactures comply with the technical
future as an LNG player. will work with all actors in the Mozambican requirements of the tender.
The event will offer training and workshops gas and power sectors, across government As part of the settlement agreement with
to SMEs entering the gas and power sector. and private sector, to define opportunities the Bank, Sieyuan is debarred for a period
It will gather all stakeholders and potential and help new and existing investors make of 12 months, Jiangsu Rugao for 20 months.
investors with the aim of promoting broad headway in the market. The debarments render the companies
based economic development through energy. AFRICA OIL & POWER ineligible to participate in Bank-financed
Africa Oil & Power (AOP), Africa’s energy projects during the specified period. The 20
investment platform, is proud to announce months debarment imposed on Jiangsu Rugao
that it will host the first ever Mozambique Gas POLICY qualifies for cross-debarment by the Asian
& Power Conference & Exhibition, on March Development Bank, the European Bank for
8-9, 2021, in Maputo. AfDB debars Sieyuan Reconstruction and Development, the Inter-
Under the theme “Leveraging LNG: American Development Bank and the World
Building A Prosperous Mozambique,” Electric for engaging in Bank Group pursuant to the Agreement for
Mozambique Gas & Power 2021 will focus on Mutual Enforcement of Debarment Decisions.
investment, downstream diversification, local fraudulent practice AFDB
capacity building and SMEs, and empowering
women through the global Equalby30 The African Development Bank Group
initiative, as well as how to mitigate the (AfDB) on June 16, 2020, announced the FINANCING
challenges ahead, as the nation aims to be one conclusion of a negotiated settlement
of the top 10 producers of LNG worldwide. agreement with Sieyuan Electric Co. Ltd., Ghana’s Ecobank Green
The event will be held in partnership with a China-based contractor, thus resolving
the African Energy Chamber and Attitude various sanctionable practices committed by Climate Fund
HR. the company.
“At AOP, we strive to tell the African In 2015, Sieyuan participated in a tender Ecobank Ghana has been accredited by the
energy story and attract investment into the for the upgrade and rehabilitation of two Green Climate Fund (GCF).
energy sector. We have gathered industry substations, a component of the Bank- This prestigious accreditation was given
leaders in African countries like South Sudan, financed Scaling Up Energy Access Project in to Ecobank last year, following unanimous
Angola, South Africa and Equatorial Guinea, Rwanda. Board approval of the recommendations of
and in 2021 we will bring global investors An investigation conducted by the Bank’s the fund’s Panel of Experts on Accreditation.
and policymakers in oil and gas and power Office of Integrity and Anti-Corruption Ecobank, therefore becomes the first entity
to Mozambique,” says James Chester, Acting has concluded that Sieyuan engaged in a in Ghana and the first commercial bank in
Sub-Saharan Africa to be accredited to the
fund.
This accreditation, which followed the
GCF Panel’s review of Ecobank’s processes,
procedures and compliance with the fiduciary
standards of the GCF, positions Ecobank
Ghana as a thought leader in the wider
climate action community and at the forefront
of environmental initiatives and solutions.
By this, accreditation the bank attains
direct access to funding for the financing of
climate change mitigation and adaptation
projects, as well as grants for capacity
building.
With this accreditation, Ecobank will
receive funds from the GCF for on-lending
to beneficiary institutions involved in climate

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