Page 14 - AfrElec Week 42 2022

AfrElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AfrElec

NewsBase’s Power Roundup

POWER WELCOME to NewsBase’s Power Roundup REM: GE to axe 20% of onshore wind workers
Global (NRG Power), in which the reader is in US
invited to join our team of international editors, Wind turbine manufacturer GE Renewable
who provide a snapshot of some of the key issues Energy is laying off thousands of onshore wind
affecting their regional beats. We hope you will like workers in an effort to restructure and stream-
NRG Power’s new concise format, but by clicking line the business. Despite the energy transition,
on the headline link for each section the full text original equipment manufacturers (OEMs)
will be available. of wind turbines are facing high commodity,
transport and labour costs, supply chain bottle-
necks and policy uncertainty.

AsiaElec: KEPCO losses put its energy transi- ENERGO: EBRD invests $13.8mn in first green
tion plans at risk bond listed in Georgia
The governments of Tanzania and Kenya have The European Bank for Reconstruction and
agreed to fast-track plans for the construction Development (EBRD) invested $13.8mn in
of a natural gas pipeline that will eventually the first green bond listed and traded on the
connect the former country’s old capital, Dar Georgian stock exchange, reports the bank. The
es Salaam, to the latter’s capital city, Nairobi. $80mn green secured bond offering by Geor-
Kenyan President William Ruto confirmed re- gian Renewable Power Operations (GRPO) is
ports to this effect on October 10, saying after a also the first corporate issuance of this size in
meeting with his Tanzanian counterpart Samia the country.
Suluhu Hassan that his administration intend-
ed to move forward with the project.

P14 www. NEWSBASE .com Week 42 20•October•2022