Page 10 - AfrElec Week 36

AfrElec
NEWS IN BRIEF
AfrElec
industrialist group Mirospan Mining (10% shareholding); Khulisa Employee Trust for the bene t of Sibambene employees (5% shareholding); Siyakha Community Trust for the bene t of communities where Sibambene operates (5% shareholding), and Inkhanyeti Women’s Group which represents 20 black South African women (5% shareholding).
e remaining 49% shares are held through a structure owned by global energy trader Mercuria and mining investment rm Menar, which are successfully developing coal mines in South Africa.
NUCLEAR
Sisi reviews nuclear development at Dabaa
President Abdel Fattah al-Sisi on Sunday has reviewed the latest developments of the Dabaa nuclear plant set to be constructed in Egypt’s Matrouh on the Mediterranean coast.
In a meeting with the Prime Minister Mostafa Madbouly, Minister of Electricity Mohamed Shaker, and Chairman of the
Nuclear Power Plants Authority Amgad al- Wakeel, Sisi stressed the necessity to ensure the highest safety standards in all stages of construction of the plant.
Sisi highlighted the importance of nuclear energy that is planned to contribute to the generation of electricity in Egypt in the future.
In 2014, Egypt and Russia announced
their cooperation in the nuclear power eld. On November 19, 2015, an agreement was nally signed between Cairo and Moscow that allows Russia to build a nuclear power plant
in the city of Dabaa, with Russia extending
a $25bn loan to Egypt to cover the cost of construction. e loan will cover 85 percent of the plant, with Egypt funding the remaining 15 percent.
Egypt’s rst nuclear plant, which is planned to be constructed by Moscow-based Rosatom State Atomic Energy Corporation
is planned to be similar to Russia’s Leningrad Nuclear Power Plant, which has an installed capacity of 4,200MW and supplies 50% of the energy consumed in Saint Petersburg and the Leningrad Region.
According to the deal, Rosatom will nance and construct four third-generation reactors, with a capacity of 1,200 W each, for a total of 4,800MW.
Nuclear energy is part of the government’s plan to diversify its energy sources to prevent any future crisis resulting from shortages in electricity.
R E N E W A B L E S
USTDA backs wind-plus- battery project in Kenya
e US Trade and Development Agency (USTDA) said it was supporting a Kenyan project that calls for the development of a 50-MW wind farm with integrated battery storage capacity.
USTDA has awarded a grant to local
rm Cra skills Energy Limited so it could nance a feasibility study that covers a wind resource assessment and plant design. During the process, Cra skills will also explore the battery storage component.
e study will be conducted by US rm Delphos International. According to USTDA acting director omas R Hardy, US-based businesses “will be very competitive in the supply of the project’s major components.”
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Week 36 11•September•2019