Page 9 - AfrElec Week 47 2020

AfrElec FUELS AfrElec

NLNG set to increase domestic

LPG supplies by 28.6% in 2021

NIGERIA THE Nigeria LNG (NLNG) consortium is gear- from next year. That is a very positive contribu-
ing up to increase the volume of LPG reserved tion from NLNG.” He also stated that the consor-
for domestic consumption by more than a quar- tium was taking this step in line with the federal
ter next year. government’s efforts to promote the use of LPG
Tony Attah, NLNG’s managing director, on the domestic market. Abuja sees LPG as a
said last week that the group hoped to bring the safer and cleaner cooking fuel, he commented.
amount of LPG allocated to the domestic market Expanding LPG consumption will also ben-
up to 450,000 tonnes in 2021. This year, he noted, efit the Nigerian economy by creating new jobs
NLNG is slated to deliver about 350,000 tonnes and responding to the challenges posed by the
per year (tpy) of LPG to Nigerian consumers, coronavirus (COVID-19) pandemic, the NLNG
equivalent to 35% of total domestic supplies. As a chief claimed. Additionally, it will put the coun-
result, the higher number would represent a rise try in a position to play a key role in the global
of nearly 28.6% on present levels. transition to cleaner fuels, he said.
Attah, who was speaking at a webinar organ- Attah went on to say that the rise in LPG use
ised by the Oil and Gas Group of the Nigeri- would help Nigeria make the best use of its vast
an-British Chamber of Commerce (NBCC), natural and associated gas resources. He noted
pointed out that this increase was in line with that Nigeria’s federal government has already
long-term trends. “In 2007, the total consump- dubbed 2020 the “Year of Gas” but urged offi-
tion of LPG in Nigeria was about 50,000 tonnes,” cials in Abuja to do more, saying that intensive
he said. “Today, it is about 1mn million [tpy] gasification programmes had the potential to
and NLNG’s contribution is 350,000 [tpy]. We transform the Nigerian economy within the next
have approached our board to get a mandate to 10 years.™
increase NLNG’s contribution to 450,000 tonnes

INVESTMENT

Enel to invest €70bn in renewables

GLOBAL ENEL has announced plans to invest €70bn would be divided between “ownership” and
in renewables until 2030 in a bid to extends its “stewardship”.
green capacity to 120 GW. The company aims to become fully digital,
Over the next two years, it will spend €17bn and its ownership business model will see it
on renewables out of a total capital investment invest funds and use its digital assets to enhance
of €38bn, which will extend renewables capacity operations. Its smaller stewardship approach
from 45 GW in 2020 to 60 GW by 2023. will see the company use its digital platforms
Enel said that its €70bn for renewables over to attract joint investment from third-party
the next decade represented nearly 50% of its companies.
total investment of €150bn in the same period. In order to develop this stewardship strategy,
Enel also intends to invest €5bn for adding Enel said it would invest €10bn of its own funds
battery storage facilities as part of hybridisation. until 2030 to leverage €30bn of outside invest-
The addition will have the potential to reach a ment in renewables, e-mobility, fibre broadband
20-TWh capacity over the next decade. and energy grid flexibility.
It aims to decarbonise its generation mix Over the next two years Enel will invest an
significantly by adding renewable capacity and initial €2bn of this funding to attract €8bn of
through the closure of coal-fired power plants. partnership funding. Enel said the strategy
By 2030, the company also aims to raise its would drive the deployment of around 5,500
green hydrogen generation capacity by more electric buses by 2030, with the company boast-
than 2 GW. ing 10.6 GW of demand-response capacity and
Enel said “significant opportunities” are also 527 MW of energy storage facilities while reduc-
due to come from the green hydrogen segment, ing its direct CO2 emissions by 80% from their
where the group plans to integrate electrolysers 2017 levels. “With this new strategic plan we are
with renewable energy plants producing electric- setting a direction for the next 10 years, mobilis-
ity for direct sale or ancillary services, with green ing €190bn in investments to pursue our goals
hydrogen also being sold to industrial customers. in a decade full of opportunities,” said Enel CEO
Enel stated that its new investment strategy Francesco Starace.™

Week 47 26•November•2020 www. NEWSBASE .com P9