Page 14 - AfrElec Week 23 2021

AfrElec NEWS IN BRIEF AfrElec

Ghana had been heavily dependent on a carbon neutrality or you can monitise it for of service to the winning bidder as had been
hydroelectric power from the Akosombo someone in negative position,’’ Mr Wunti said. promised by managing director Bernard
Dam. When rainfall patterns began to change He said this was what Total did in the joint Ngugi.
in the mid-1980s with accompanying low venture with the NNPC and had created an The cancellation of the entire tender was
water levels, energy policy shifted. additional revenue inflow for the government. then followed on May 28 with an apology to
The reforms also introduced performance prospective bidders.
contracts and other energy efficiency
initiatives to decentralise the value chain,
which had been monopolistic. This was also a FINANCING
pre-condition by development financiers such SOL AR
as the World Bank. Kenya Power drops plan
Between 2000 and 2019, electricity Zimbabwean solar project
generation capacity increased at a rate of 6.4% targeting cost cuts, debt
a year from 1,358 megawatts (MW) to 4,695 seeks EPC contractor with
MW. Supply capacity has nearly doubled reduction
since the 2013 power crisis . At the same time, EoI deadline of June 30
system peak demand grew at a 4.6% annual Kenya Power has now completely cancelled
rate from 1,161 MW to 2,804 MW. the tender in which it was seeking a technical A Partnership between The Malilangwe Trust
The increase in power generation adviser to implement a restructuring plan and Sustainable Agriculture Technology,
supported Ghana’s economy. The economy including reduction of debts, electricity theft two nonprofit organisations working in
grew in real terms by 6.67% a year between and employee costs. Zimbabwe, is pursuing the implementation
2011-2019. Electricity demand is estimated to The loss-making utility firm first made an of a 4.5MW photovoltaic power project. The
have grown at 7%-10% a year since 2010. amendment to the initial tender by removing Partners are gathering Expressions of Interest
the clause on a phased reduction in workforce (EoIs) for a technical partner to conduct the
after an outcry from its employees. detailed Design, Engineering, Procurement,
But in a new twist, the electricity Construction, Testing and Implementation of
EMISSIONS distributor has now cancelled the entire the project.
tender, throwing the turnaround strategy into The project is situated in the South East of
Nigeria earns €1mn from disarray. Zimbabwe, 30km from the town of Chiredzi.
Whilst financing for all three phases has
“The expression of interest for
sale of carbon credits procurement of consultancy services been secured in full for the implementation
support for the development and subsequent
of the project, there is also an option for the
Bala Wunti, Group General Manager, National implementation of a comprehensive technical partner to invest through a Build,
Petroleum Investment Management Services transformation strategy for Kenya Power and Own, Operate and Transfer (BOOT) type
(NAPIMS) says Nigeria has earned over 1mn Lighting Company is hereby cancelled,” said agreement, with the transfer taking place after
euros from sale of carbon credits through its John Ngeno, Kenya Power general manager 15 years. In Phases 1 and 2 there is an option
partnership with TotalEnergies. for supply chain and logistics. for a 47% Stake in the BOOT agreement and
Mr Wunti disclosed this on Wednesday in Mr Ngeno had on May 22 made in Phase 3 there is an option to take a 33.3%
Abuja, while speaking with journalists at the amendments to drop layoffs from the scope stake in the BOOT agreement.
ongoing 2021 Nigeria International Petroleum
Summit (NIPS).
Carbon credit is a permit that allows
the company that holds it to emit a
certain amount of carbon dioxide or other
greenhouse gases.
“It is through our partnership with Total
that we are able to market our credit position
and monitise it and we have earned over 1mn
euros so far,” Mr Wunti said.
“This is the first recorded carbon proceed
we are receiving on behalf of the Federal
Government of Nigeria and it is from the
partnership of our parent company, Nigerian
National Petroleum Corporation and Total.
“The business model is simple; any project
that allows you the opportunity to have a
reduced emission, you get a positive credit
for it.
“You accumulate this credit. You can use it
in several ways.
“Two major ways is either you use your
positive carbon credit position to offset your
negative position in other businesses to create

P14 www. NEWSBASE .com Week 23 10•June•2021