Page 10 - AfrElec Week 05 2021

AfrElec NEWS IN BRIEF AfrElec

POLICY and reduce operating expenses. data and insights about the development
NOC of the green hydrogen economy, which is
Libya’s NOC announces increasingly cited as a central component of
carbon neutral economies by 2050. IRENA
resumption of production at POLICY estimates that at least 1700 GW of renewables-
powered electrolyser capacity is needed by the
Faregh field IRENA forges new middle of the century, to produce the amount
of green hydrogen required for a net zero
Libya’s National Oil Corp. (NOC) said that the partnerships to advance future.
restart of production from the Faregh field, Signed by the IRENA Director General
operated by Waha Oil Co. (WOC), nearly a energy transformation and Enel’s group Chief Executive Officer
year after it was shut down due to the closure Francesco Starace, the partnership will also
of oil terminals in January 2020. As a result The International Renewable Energy Agency feature corporation on youth engagement
of these closures and deteriorating security (IRENA) signed a host of new agreements in initiatives and regional market trends., Public-
conditions, the contractor was forced to leave the margins of IRENA’s recently concluded private partnerships are an important focus of
the field before finalising the commissioning Eleventh Assembly. The four-day meeting the Agency’s work as it looks to mobilise the
process. held virtually for the first time brought close expertise, innovations and capital from the
After lifting the force majeure during to 100 minister level representatives and 2000 private sector to advance the global energy
September 2020, WOC began difficult attendees together to discuss pathways needed transition.
negotiations with the company to convince to drive renewables adoption in a year of Francesco La Camera, IRENA Director-
them returning to the field and to resume critical climate action. General commented that youth and
re-commissioning process, it took WOC some In the margins of the Assembly, IRENA hydrogen development are two key energy
time to convince the contractor to agree to penned formal partnerships with the three transformation issues, and that the Agency
return back. major institutions from the public and welcomes partnerships with private sector
The company started inspection of all private sector, furthering the Agency’s corporations that share the Agency’s vision for
linear, instruments and treatment facilities, long-standing commitment to cooperative a low-carbon future.
and the field today was successfully restarted energy transformation action. Memoranda of Under an MoU with FAO, IRENA
and the production reached 140 mcf (3.96 understanding were formalised with the Food aims to help improve the profitability and
mcm) per day. It is worth mentioning that 80 and Agriculture Organisation (FAO), US Aid’s sustainability of the food and agriculture
mcf (2.27 mcm) per day will be used to supply Power Africa and Enel Foundation. sectors by accelerating the use of renewables
gas feed to power plants at Sarir power station Under a new agreement with Enel and sustainable bioenergy while fostering
to help alleviate the suffering of the citizens Foundation, the two parties will share climate adaptation and resilience. The topic

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